How quickly did you receive your 2019 tax refund?

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czaj
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How quickly did you receive your 2019 tax refund?

Post by czaj »

For those who have filed their 2019 fed tax returns, I'm curious to see how quickly the IRS is processing returns this year.

For me
• Return submitted and accepted: 02/16/2020
• Refund processed: waiting
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obafgkm
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Re: How quickly did you receive your 2019 tax refund?

Post by obafgkm »

• Return submitted and accepted: 02/10/2020
• Refund deposited: 02/20/2020
• Refund in Savings Bonds: received 02/24/2020
Last edited by obafgkm on Mon Feb 24, 2020 7:11 pm, edited 1 time in total.
mortfree
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Re: How quickly did you receive your 2019 tax refund?

Post by mortfree »

Return dropped off at post office: Feb 15
Refund: pending
Huberpc27
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Re: How quickly did you receive your 2019 tax refund?

Post by Huberpc27 »

Is there a Boglehead philosophy on whether a refund is good or bad? I'm in the camp that it is not a good thing.
Topic Author
czaj
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Re: How quickly did you receive your 2019 tax refund?

Post by czaj »

Huberpc27 wrote: Fri Feb 21, 2020 7:42 pm Is there a Boglehead philosophy on whether a refund is good or bad? I'm in the camp that it is not a good thing.
I try to be pretty close (and am usually within a hundred or so). This year, I'm getting a larger refund because I overpaid a bit with my credit card.
RadAudit
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Re: How quickly did you receive your 2019 tax refund?

Post by RadAudit »

Huberpc27 wrote: Fri Feb 21, 2020 7:42 pm Is there a Boglehead philosophy on whether a refund is good or bad? I'm in the camp that it is not a good thing.
There are some who believe that a large return is indicative of an interest free loan to the Feds. So, to my way of thinking, it's probably not the best of uses for your money.
FI is the best revenge. LBYM. Invest the rest. Stay the course. - PS: The cavalry isn't coming, kids. You are on your own.
rkhusky
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Re: How quickly did you receive your 2019 tax refund?

Post by rkhusky »

My check to the US Treasury was cashed within a week of me mailing my return.

edit: Mailed on Jan 28, received on Jan 30, withdrawn from checking on 2/3. Quite efficient.
Last edited by rkhusky on Fri Feb 21, 2020 8:04 pm, edited 1 time in total.
Grogs
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Re: How quickly did you receive your 2019 tax refund?

Post by Grogs »

Normally I tune my withholding to get a less than <$100 refund. Last year I realized late in the year I was close to exceeding the standard deduction. There's no way I'll come close this year, so in December I moved a big chunk of stocks to my DAF to take advantage of itemizing deductions. The result was a large refund. I turned off withholding completely in December, but I still ended up getting a $1500 refund. I would have preferred to just get bigger paychecks, but I'll take the money either way. :)

To answer the OP's question:

eFiled on Feb. 14th
Deposited into my account Feb. 20th

In the past 2-3 years it has taken about 2 weeks, so I was surprised by how quickly the refund arrived this year.
pahkcah
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Re: How quickly did you receive your 2019 tax refund?

Post by pahkcah »

Return submitted and accepted on 2/17/2020
Bank sent notification of receipt on 2/21/2020
Funds will be available on 2/24/2020
jebmke
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Re: How quickly did you receive your 2019 tax refund?

Post by jebmke »

A sample of my preparers have already filed - reporting Federal refunds in 8-10 days and state refunds in about 4 days.
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j0nnyg1984
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Re: How quickly did you receive your 2019 tax refund?

Post by j0nnyg1984 »

02-09: e-filed
02-20: refund deposited
HoopDiddyDiddy
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Re: How quickly did you receive your 2019 tax refund?

Post by HoopDiddyDiddy »

Filed February 6, accepted later that night.
Refund was direct deposited February 13, one week later to the day.
State not deposited yet.

Fastest I've ever received a refund- a life changing $175 :beer
Triple digit golfer
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Re: How quickly did you receive your 2019 tax refund?

Post by Triple digit golfer »

9 calendar days, 7 business days from submission
zrail
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Re: How quickly did you receive your 2019 tax refund?

Post by zrail »

The last few years my refunds have been huge because job changes have led to large social security over withholding. Those late refunds take a long time to process for whatever reason.
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alpenglow
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Re: How quickly did you receive your 2019 tax refund?

Post by alpenglow »

Submitted via FFFF and accepted 2/15/2020
Refund to be sent 2/26/2020

7 business days overall!
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MillennialFinance19
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Re: How quickly did you receive your 2019 tax refund?

Post by MillennialFinance19 »

Huberpc27 wrote: Fri Feb 21, 2020 7:42 pm Is there a Boglehead philosophy on whether a refund is good or bad? I'm in the camp that it is not a good thing.
I try to owe less than $500 each year. If I can manage that, I consider it a successful year. I track my progress in a spreadsheet throughout the year.
For the love of God, stick to your plan!!!
BV3273
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Re: How quickly did you receive your 2019 tax refund?

Post by BV3273 »

Federal about a week. State is unknown. Gotta love NY!
petulant
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Re: How quickly did you receive your 2019 tax refund?

Post by petulant »

Mailed both on Feb 4 or around there. State was deposited in about a week and fed still nowhere to be seen.
FrankLUSMC
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Re: How quickly did you receive your 2019 tax refund?

Post by FrankLUSMC »

Submitted and accepted on 2/17
IRS2GO says it will be sent to bank account on 2/25
johnny
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Re: How quickly did you receive your 2019 tax refund?

Post by johnny »

Return submitted electronically: 2/15/2020
Direct deposit of refund: 2/21/2020

Fastest on record! Also better results than usual due to tax saving tips I've learned on bogleheads.org
:sharebeer
Nowizard
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Re: How quickly did you receive your 2019 tax refund?

Post by Nowizard »

Four days to hit our account from submission to receipt which means it may have been posted to the account the prior evening.
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Topic Author
czaj
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Re: How quickly did you receive your 2019 tax refund?

Post by czaj »

czaj wrote: Fri Feb 21, 2020 7:24 pm For those who have filed their 2019 fed tax returns, I'm curious to see how quickly the IRS is processing returns this year.

For me
• Return submitted and accepted: 02/16/2020
• Refund processed: waiting
Update for me (per IRS2GO):
• Refund approved: 02/22/2020 (7 days)
• Refund sent: expected by 02/26/2020 (11 days)

Thanks everyone for your responses!
PhoebeCoco
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Re: How quickly did you receive your 2019 tax refund?

Post by PhoebeCoco »

E-filed with TurboTax on 2/16.
Received federal refund 2/21. Blindingly fast!

Have not yet received state refund (CA).
If you're not working on yourself, you're not working.
sschoe2
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Re: How quickly did you receive your 2019 tax refund?

Post by sschoe2 »

Fed a bit under 2 weeks
Illinois 1 month and counting still waiting.
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willthrill81
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Re: How quickly did you receive your 2019 tax refund?

Post by willthrill81 »

We mailed our federal return about 2.5 weeks ago and just got our refund yesterday.
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Re: How quickly did you receive your 2019 tax refund?

Post by abuss368 »

We file with Free Tax USA and that include e-filing. Typically near break even and we simply credit to the following year.
John C. Bogle: “Simplicity is the master key to financial success."
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abuss368
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Re: How quickly did you receive your 2019 tax refund?

Post by abuss368 »

Huberpc27 wrote: Fri Feb 21, 2020 7:42 pm Is there a Boglehead philosophy on whether a refund is good or bad? I'm in the camp that it is not a good thing.
It is personal preference and that has been my experience working with individuals over the years. The best way is the one that works for you.
John C. Bogle: “Simplicity is the master key to financial success."
stoptothink
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Re: How quickly did you receive your 2019 tax refund?

Post by stoptothink »

It took about 3 weeks for my fed return and ~10 days for the state return. I filed as early as possible, my federal return was accepted January 24th and state a little later.
obgraham
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Re: How quickly did you receive your 2019 tax refund?

Post by obgraham »

This year we hand a refund -- the first in 42 years. I mis-estimated the withholding.

Since we are living out of our IRA now, the easiest is to apply any refund to the next year's taxes, then withhold that much less from the next IRA withdrawal. So it is almost an immediate refund.
Tortoise2030
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Re: How quickly did you receive your 2019 tax refund?

Post by Tortoise2030 »

Nine days from efile to direct deposit
sycamore
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Re: How quickly did you receive your 2019 tax refund?

Post by sycamore »

Sunday Feb 16: return submitted and accepted
Saturday Feb 22: my bank account showed a transaction for "ACH IRS TREAS 310 (Pending) 02/25/2020"
As of Feb 24, it remains pending as indicated. I assume it will go through tomorrow.

So nine days.
kelvan80
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Re: How quickly did you receive your 2019 tax refund?

Post by kelvan80 »

About 8 days after filing. We filed around three beginning of February.
pasadena
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Re: How quickly did you receive your 2019 tax refund?

Post by pasadena »

Return filed and accepted : Feb 14th (Friday evening, Monday was a holiday)
Refund approved: Feb 21st
Refund Expected to be sent on Feb 25th.

Edit: Refund just hit my bank account today, Feb 25th.
Last edited by pasadena on Tue Feb 25, 2020 11:22 am, edited 1 time in total.
Slovus
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Re: How quickly did you receive your 2019 tax refund?

Post by Slovus »

Accepted Jan 30. Hit bank account on Feb 12
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7th_Diagram
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Re: How quickly did you receive your 2019 tax refund?

Post by 7th_Diagram »

Feb-02 Fed Accepted
Feb-26 Return To Be Deposited
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seity
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Re: How quickly did you receive your 2019 tax refund?

Post by seity »

E-filed Fed and State 2/2 Accepted 2/3. Because I get the additional child tax credit the IRS hold my refund until mid Feb. I expect to see my Fed refund this week - status update claims on 2/26 . The state refund arrives usually a week later than Fed.

Edit Fed refund arrived 2/26 as stated. State now says to expect it in bank account on 3/2.
Last edited by seity on Fri Feb 28, 2020 1:11 pm, edited 2 times in total.
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abuss368
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Re: How quickly did you receive your 2019 tax refund?

Post by abuss368 »

We owe! E filed return and scheduled payment for early April.
John C. Bogle: “Simplicity is the master key to financial success."
Topic Author
czaj
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Re: How quickly did you receive your 2019 tax refund?

Post by czaj »

For those who still mail their return, what's your reasoning?
PhoebeCoco
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Re: How quickly did you receive your 2019 tax refund?

Post by PhoebeCoco »

PhoebeCoco wrote: Sat Feb 22, 2020 10:22 am E-filed with TurboTax on 2/16.
Received federal refund 2/21. Blindingly fast!

Have not yet received state refund (CA).
Received state refund today.
If you're not working on yourself, you're not working.
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HueyLD
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Re: How quickly did you receive your 2019 tax refund?

Post by HueyLD »

czaj wrote: Mon Feb 24, 2020 5:19 pm For those who still mail their return, what's your reasoning?
To avoid efiling charge.

In addition, I prefer to owe as much as possible without incurring any underpayment penalty. I prefer interest free loans from the governments.
rkhusky
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Re: How quickly did you receive your 2019 tax refund?

Post by rkhusky »

czaj wrote: Mon Feb 24, 2020 5:19 pm For those who still mail their return, what's your reasoning?
I prefer filing directly with the IRS. I don’t like paying to file my taxes, so no TurboTax either. The price of a couple stamps is my max (this year I only used 1).
Last edited by rkhusky on Mon Feb 24, 2020 5:56 pm, edited 1 time in total.
mptfan
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Re: How quickly did you receive your 2019 tax refund?

Post by mptfan »

HueyLD wrote: Mon Feb 24, 2020 5:39 pm
czaj wrote: Mon Feb 24, 2020 5:19 pm For those who still mail their return, what's your reasoning?
To avoid efiling charge.
You can efile your federal return for free with Taxhawk.
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HueyLD
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Re: How quickly did you receive your 2019 tax refund?

Post by HueyLD »

mptfan wrote: Mon Feb 24, 2020 5:56 pm
HueyLD wrote: Mon Feb 24, 2020 5:39 pm
czaj wrote: Mon Feb 24, 2020 5:19 pm For those who still mail their return, what's your reasoning?
To avoid efiling charge.
You can efile your federal return for free with Taxhawk.
It is the state return that efiling costs extra.
3dream3
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Re: How quickly did you receive your 2019 tax refund?

Post by 3dream3 »

• Return submitted and accepted: 2/6/2020
• Refund deposited: 2/20/2020

Still waiting for state refund...
dominque
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Re: How quickly did you receive your 2019 tax refund?

Post by dominque »

Electronically filed on 2/18/2020
Received refund on 2/24/2020
$14.00. Gonna supersize that Burger King meal today.
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Monster99
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Re: How quickly did you receive your 2019 tax refund?

Post by Monster99 »

I am getting a refund this year - usually owe but I forgot that you get an extra deduction for over 65 (DW hit 65 in late November). 103 bucks! Whoo hoo!
Eyeski
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Re: How quickly did you receive your 2019 tax refund?

Post by Eyeski »

Mine took 6 business days. Seems to come a little faster every year.
TNWoods
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Re: How quickly did you receive your 2019 tax refund?

Post by TNWoods »

Filed
02/15/20

Deposit received
02/25/20

TNWoods
shell921
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Re: How quickly did you receive your 2019 tax refund?

Post by shell921 »

Refund? What refund? Last 6 years I have had to PAY !!!
Random Poster
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Re: How quickly did you receive your 2019 tax refund?

Post by Random Poster »

Mailed return on February 3rd.

Refund expected to be direct deposited by February 27th.
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