turbotax federal return accepted

This is an effective strategy if you’re struggling with your family finances. Plus, you would keep the interest for yourself instead of lending interest-free money to the federal government. If you find yourself relying on your tax refund to make ends meet, you may be able to make some changes to your tax withholding.

IRS Warns Taxpayers Refunds Could Be ‘Smaller in 2023’ – MoneyWise

IRS Warns Taxpayers Refunds Could Be ‘Smaller in 2023’.

Posted: Fri, 06 Jan 2023 18:45:05 GMT [source]

This course is not open to any persons who are currently employed by or seeking employment with any professional tax preparation company or organization other than H&R Block. The student will be required to return all course materials. For the government, they will end up paying you the proper refund, but they also lost the money that went to the criminals. The bottom line is that they are delaying your tax refund because they don’t want to lose more money. And it is serious money – the IRS estimates it paid out of $1.3 billion in fraudulent tax refunds last year. If you claimed either the Earned Income Tax Credit or the Additional Child Tax Credit , you may have to wait a bit longer for your refund.

Why Your 2023 Early Tax Return Will Be Delayed

Your refund may have been offset or adjusted by the IRS – not eFile.com nor whichever tax preparation platform was used. You may have received IRS Notice CP12 detailing the change in your refund. One of the most common reasons for adjusted refunds in 2021 and 2022 was a mis-entry of the Recovery Rebate Credit on Line 30 of the Form 1040. For example, if you stated that you were owed Stimulus 3 for $1,400 on your eFile turbotax federal return accepted account, the software would have added a $1,400 credit to your return. But, if you had already received this amount as an advance payment via Stimulus 3, then the IRS would adjust this on your return and remove the $1,400 credit, thus reducing your refund by $1,400. The Recovery Rebate Credit does not apply to 2022 Returns. See the other reasons for offsets below or this page on offset or reduced tax refunds.

turbotax federal return accepted

If you do not want to use the mail, you can return the check to one of our Regional Information Centers. Banks are not responsible for the accuracy of any content provided by author or contributor. This page is for informational purposes only.

Delays For EITC and Child Tax Credit

Start tracking your federal refund at the IRS Where’s My Refund site. Once that part’s done, the government approves your refund, which means it’s ready to be deposited or sent. After acceptance, the next step is for the government to review your refund. They https://turbo-tax.org/ are checking your personal information to make sure it matches their records. First, we “stamp” the return with an electronic postmark, and then we send it to the government. Azdor.gov needs to review the security of your connection before proceeding.

  • This is your money; be sure to claim it as, after three years, you can no longer claim a missing tax refund.
  • The IRS will contact taxpayers by mail if more information is needed to process their tax return.
  • The partial Sales Tax exemption and the $20,000 Sales Tax cap apply to sales, leases, and rentals of personal watercraft.
  • Consult a tax preparation professional for tax advice.
  • You may have submitted an incomplete tax return.

• Once your return is accepted, you are on the IRS’ refund timetable. Returns and payments may be placed in the night deposit box located in front of our building.

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