How quickly did you receive your 2020 tax refund?

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djmbob
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Re: How quickly did you receive your 2020 tax refund?

Post by djmbob »

E-filed using H&R Block Deluxe on 3/25, IRS & OK accepted that same day.
IRS = "still processing." :annoyed
OK State refund deposited on 3/31. :D

Cheers,
Ray

5/2/2021 Just checked and refund expected to hit bank on 5/6/2021 for $1.36 more than my return indicated. :sharebeer
Last edited by djmbob on Sun May 02, 2021 4:31 pm, edited 1 time in total.
thomas716
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Re: How quickly did you receive your 2020 tax refund?

Post by thomas716 »

I e-filed on Feb 27 and it was accepted by AZ and the IRS within minutes. My state refund was deposited by the end of the next week. The IRS is still processing.
Ours was an unusual year last year. Normally we owe some, but due to circumstances we ended up with a refund just under $11k. I hope that never happens again!
thomas716
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Re: How quickly did you receive your 2020 tax refund?

Post by thomas716 »

And of course, after giving up and looking, I decided to check the IRS site and it says they adjusted the amount of my refund, which I’m not sure why. It went down aboot $800, but they say it is approved and should be deposited by May 3.
thawing
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Re: How quickly did you receive your 2020 tax refund?

Post by thawing »

Federal efiled, accepted 3/5, refund still being processed. This does include EV credit.
State accepted and got it pretty quickly.
Soon2BXProgrammer
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Re: How quickly did you receive your 2020 tax refund?

Post by Soon2BXProgrammer »

thomas716 wrote: Mon Apr 26, 2021 5:04 pm And of course, after giving up and looking, I decided to check the IRS site and it says they adjusted the amount of my refund, which I’m not sure why. It went down aboot $800, but they say it is approved and should be deposited by May 3.
I really hope i don't have to wait the 2+ months you had to.. I have a large refund due to unusual circumstances (severance mandatory withholding).

I've waited a month since it was "accepted" already and it hasn't been processed.
harikaried
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Re: How quickly did you receive your 2020 tax refund?

Post by harikaried »

Is there a place to figure out how or why the refund got adjusted? We filed on April 15th with H&R Block software saying IRS accepted it that same day. I didn't check the IRS Refund tool until today because that's when a deposit for a different amount appeared. Using the tool, I entered the refund amount I expected, and the IRS website shows the slightly larger refund amount (less than 0.1% more) including some cents.

Is this some interest on the refund that we might need to then count as 2021 income?
Soon2BXProgrammer
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Re: How quickly did you receive your 2020 tax refund?

Post by Soon2BXProgrammer »

harikaried wrote: Wed Apr 28, 2021 12:06 am Is there a place to figure out how or why the refund got adjusted? We filed on April 15th with H&R Block software saying IRS accepted it that same day. I didn't check the IRS Refund tool until today because that's when a deposit for a different amount appeared. Using the tool, I entered the refund amount I expected, and the IRS website shows the slightly larger refund amount (less than 0.1% more) including some cents.

Is this some interest on the refund that we might need to then count as 2021 income?
eventually you should get a letter. You might be able to "figure it out" if you log into irs.gov and pull your "transcripts" there are a couple different types. "figuring it out" might be easy, or might be a challenge depending on what it is.
harikaried
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Re: How quickly did you receive your 2020 tax refund?

Post by harikaried »

Soon2BXProgrammer wrote: Wed Apr 28, 2021 8:16 amYou might be able to "figure it out" if you log into irs.gov and pull your "transcripts" there are a couple different types.
Oh thanks! This was easier than expected. The transcript for federal tax 2020 shows "Refund issued 04-28-2021" for the actual refunded amount and "Interest credited to your account 05-10-2021" in the amount (negative) matching our excess refund. I wonder if this means IRS will be taking back that early interest payment…
jebmke
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Re: How quickly did you receive your 2020 tax refund?

Post by jebmke »

e-filed my return on 4/26th. Accepted in 4 minutes. IRS shows it as still in process, as I'd expect.

e-filed another return on 4/20, accepted right away. IRS shows check will be sent by May 7.
When you discover that you are riding a dead horse, the best strategy is to dismount.
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timboktoo
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Re: How quickly did you receive your 2020 tax refund?

Post by timboktoo »

Our return was finally processed.

Accepted: 2/12/2021
Processed: 5/3/2021

- Tim
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Metsfan91
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Re: How quickly did you receive your 2020 tax refund?

Post by Metsfan91 »

timboktoo wrote: Mon May 03, 2021 11:32 pm Our return was finally processed.

Accepted: 2/12/2021
Processed: 5/3/2021

- Tim
Congratulations!!

IRS most likely took time because of large refund amount.
“Time is your friend; impulse is your enemy.” — John C. Bogle
basspond
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Re: How quickly did you receive your 2020 tax refund?

Post by basspond »

We received ours within 2 weeks but my daughter took about 4. We too had a huge refund due to the 2020 stimulus credit(our AGI was too high in 2019), didn’t want to be under on our first year of estimating payments, and didn’t account for college credits. At least we applied some of our refund to 1st quarter estimate.
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alpenglow
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Re: How quickly did you receive your 2020 tax refund?

Post by alpenglow »

thawing wrote: Tue Apr 27, 2021 8:17 pm Federal efiled, accepted 3/5, refund still being processed. This does include EV credit.
State accepted and got it pretty quickly.
I also claimed the EV credit. Fed accepted 2/23 - still processing.
Filed state on paper and refund came quickly.

Will update when I get a refund.
Outafter20
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Re: How quickly did you receive your 2020 tax refund?

Post by Outafter20 »

E-Filed Federal & State return on 3/14. Received state within 3 weeks. Still waiting on Federal. No special credits claimed and used the standard deduction. The only thing that I can think of that is holding it up is the large direct rollover (upper seven figures) reported on my return from several retirement funds into my Vanguard IRA. Refund is around $1500.
eddot98
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Re: How quickly did you receive your 2020 tax refund?

Post by eddot98 »

Efiled Fed 2/28/21 with H&R Block. IRS accepted it on 3/1/21. Still waiting on refund. Substantial changes will be made by IRS. $10,200 Unemployment exclusion put us under $150,000 AGI changing our refund, changing our Recovery Rebates, and made us eligible for CARES ACT payments, which we weren’t eligible for using 2019 AGI.
Filed NY on paper shortly after Fed and received refund in a few weeks. Have yet to file MA as we owe $519. (Worked in NY, live in MA)
Big Dog
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Re: How quickly did you receive your 2020 tax refund?

Post by Big Dog »

e-filed federal on Apr 16 on T-Tax, received (small) ACH refund today. Sent state via snail mail. Don't expect a response for months.
4runner818
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Re: How quickly did you receive your 2020 tax refund?

Post by 4runner818 »

Efiled via Turbo Tax on 4/15. Fed Refund received via direct deposit on 4/26.

I had a newborn in 2020 (my first). I was fully expecting to get his 3rd stimulus check payment in 2022 when I sent in my 2021 return. However, after submitting my 2020 tax return, it appears the IRS recomputed the stimulus automatically, recognizing there was now a new dependent, and out of nowhere I received $1400 via direct deposit in my account on 5/3.
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Info_Hound
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Re: How quickly did you receive your 2020 tax refund?

Post by Info_Hound »

Finally!

efiled on 2/19/2021 and accepted within 30 mins.
State refund issued 3 weeks later
Fed refund posted to bank account on 5/6/2021....with an additional $7.69, assuming it is interest paid on stimulus credit claimed.
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SteelyEyed
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Re: How quickly did you receive your 2020 tax refund?

Post by SteelyEyed »

I mailed ours in on 2/23/2021 (I had to include an attachment that FreeTaxUSA did not support). I got our refund today with $6 more than I had expected.
L. H.
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Re: How quickly did you receive your 2020 tax refund?

Post by L. H. »

I e-filed with FreeFileFillableForms on 2/14/2021, had the money in my account 2/22/2021. Considering I submitted on a Sunday, they actually only took 5 business days to get it to me. Very nice.

Had two different state taxes due to a move. I used each state's own e-file system to file them. My old state took only a couple days to get my refund to me, and the other (new) state took over a month. Might be because I was new in their system and they needed to do more stuff. We'll see if it is that slow next year.
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SquawkIdent
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Re: How quickly did you receive your 2020 tax refund?

Post by SquawkIdent »

I e filed in early February and had the small refund in 6 days.

I then helped a friend e file on February 19. That return still shows “pending”.

Local elected officials will be involved shortly. This behavior is boarding on criminal. I strongly advised this friend to adjust their holding so that next year they owe money. Enough is enough...
bgf
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Re: How quickly did you receive your 2020 tax refund?

Post by bgf »

I think it was 2-3 weeks, late April we got it. I also received what I believe is a "plus-up" payment or an advance of my 2021 Recovery Rebate Credit on 5/5/21. Total surprise to see that hit the account but I'll take it!
“TE OCCIDERE POSSUNT SED TE EDERE NON POSSUNT NEFAS EST"
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