IRS E File Refund Cycle Chart

[creditcardfree]

Want to know when you will get your Federal refund? It depends on when your Federal efile return is accepted. Acceptance is not the exact same as the date you submit the return, but often it is 24 hours following your submission. Maybe knowing when you will receive your refund, will motivate you to get your taxes done!!

Here's the irs link

State refund cycles will vary. I actually received our state refund the week following submission.

[reallyprettyhappy]

I just heard somewhere else that if you are claiming the first time home buyer's credit that you can't efile and have to send in a paper return. Then it has to be reviewed and you won't see a refund for 6 - 12 weeks! Does anyone know if this is true?

[creditcardfree]

That may be true based on this article.

It does seem because of fraud the irs is requiring attached documentation that the e-file system can't handle. I'd suggest getting your return filed sooner than later to get your refund the quickest. Less people have filed at this point, most people wait. Make sure you included all the documentation requested to avoid delays.

Here's the irs instructions regarding this credit.

[wnlbutterfly]

They recently started requiring more paperwork for the First time home buyers credit. Prior to that you just had to amend last years and put "bought a home" and got the refund, but they were seeing a lot of fraud.

Peak for filing season is the next two weeks.

[GrimJack]

Due to the popularity of the 1st-time homebuyers credit, processing time is now 12 to 16 weeks rather than the normal 8 to 12 weeks. Most amended returns need to be filed by paper but the new, improved database is supposed to be able to handle amendments electronically - RSN.