How quickly did you receive your 2020 tax refund?
Re: How quickly did you receive your 2020 tax refund?
Filled in mid-Feb. Still processing. The only thing out of the ordinary was the plug-in vehicle credit.
I did my Dad's taxes and submitted in early Mar. Refund received in 8 days.
I did my Dad's taxes and submitted in early Mar. Refund received in 8 days.
- SmileyFace
- Posts: 9186
- Joined: Wed Feb 19, 2014 9:11 am
Re: How quickly did you receive your 2020 tax refund?
I filed 4 returns (my own and 3 family members) - all of which had a refund - and all were received within two weeks. The largest amount back was about $4K so perhaps it has something to do with the size of you overpayment (perhaps more scrutiny on larger returns but I am just guessing).
-
- Posts: 1911
- Joined: Wed Jan 29, 2020 9:29 am
Re: How quickly did you receive your 2020 tax refund?
Filed on 3/20 and the return is still being processed (i.e., still not approved). Approval has never taken this long, usually happens within a day, so I'm expecting a letter from them. I was looking forward to getting that refund already.
Update: tax preparer told me that I should expect to wait and I'll be lucky if I get it by the end of April.
Update: Refund arrived 4/7
Update: tax preparer told me that I should expect to wait and I'll be lucky if I get it by the end of April.
Update: Refund arrived 4/7
Last edited by whereskyle on Wed Apr 07, 2021 5:59 am, edited 2 times in total.
"I am better off than he is – for he knows nothing and thinks that he knows. I neither know nor think that I know." - Socrates. "Nobody knows nothing." - Jack Bogle
-
- Posts: 662
- Joined: Mon Mar 19, 2012 7:20 am
- Location: On the beach in SC. Hilton Head Island.
Re: How quickly did you receive your 2020 tax refund?
Efiled 2.12. Refund deposited on 2.24. Efiled SC 2.12. Refund 3.27. Both federal and state involved large refunds.
Re: How quickly did you receive your 2020 tax refund?
Mailed paper return on 02/06/21. Refund deposited to my account on 03/26/2021. Took 6 weeks 6 days. Used to get refund in about 3 weeks for paper return in the past.CardinalRule wrote: ↑Sat Mar 06, 2021 8:19 am If you have filed your 2020 federal tax return, with a refund due, how quickly did the IRS process it?
For us
• Return e-filed on TurboTax and accepted: 02/20/2021
• Refund received (direct deposit): still being processed as of 3/6/2021 (https://sa.www4.irs.gov/irfof/lang/en/i ... status.jsp)
This is very new to us - we have not had a refund for many years. In our case, it's about $9,000, due to some miscalculations on estimated taxes (related to realized capital gains).
"Know what you own, and know why you own it." — Peter Lynch
Re: How quickly did you receive your 2020 tax refund?
Our return was accepted on Feb. 12th. We still haven't received our refund, as of today (March 28th). I use the IRS' Check My Refund feature daily and have tried calling multiple times, but I haven't figured out how to speak to a person. Most calls are simply dropped because their lines are too busy.
Our refund amount is a little more than $14,000.
We have also not received our 3rd round of stimulus money. I've tried to use the IRS' tool to check the status of that, but it gives me some general message about us either not being able to receive that stimulus money or the information not being available. Our AGI was lower than the $150,000 max for couples filing jointly. I don't know why we wouldn't qualify. Our assumption is that the stimulus money is being held up because our latest tax return hasn't been processed.
We're more than a little frustrated, especially since there are big ticket items that we have been waiting to purchase, such as a new car, siding for our home and things for our baby that's on the way. I will probably change the way that I pay my wife's estimated quarterly taxes this year in an attempt to lower our refund amount.
- Tim
Our refund amount is a little more than $14,000.
We have also not received our 3rd round of stimulus money. I've tried to use the IRS' tool to check the status of that, but it gives me some general message about us either not being able to receive that stimulus money or the information not being available. Our AGI was lower than the $150,000 max for couples filing jointly. I don't know why we wouldn't qualify. Our assumption is that the stimulus money is being held up because our latest tax return hasn't been processed.
We're more than a little frustrated, especially since there are big ticket items that we have been waiting to purchase, such as a new car, siding for our home and things for our baby that's on the way. I will probably change the way that I pay my wife's estimated quarterly taxes this year in an attempt to lower our refund amount.
- Tim
- CardinalRule
- Posts: 1204
- Joined: Sun Jan 15, 2017 10:01 am
- Location: United States
Re: How quickly did you receive your 2020 tax refund?
Replying to my own post, our return is still being processed as of March 29. I definitely know the exact amount of my expected refund, as I have entered it daily for the past week or so.CardinalRule wrote: ↑Sat Mar 06, 2021 8:19 am If you have filed your 2020 federal tax return, with a refund due, how quickly did the IRS process it?
For us
• Return e-filed on TurboTax and accepted: 02/20/2021
• Refund received (direct deposit): still being processed as of 3/6/2021 (https://sa.www4.irs.gov/irfof/lang/en/i ... status.jsp)
This is very new to us - we have not had a refund for many years. In our case, it's about $9,000, due to some miscalculations on estimated taxes (related to realized capital gains).
The variations in refund timing are fascinating. Some got their refunds very fast, and others have been waiting longer than me!
Re: How quickly did you receive your 2020 tax refund?
E-filed on March 6, received refund (via paper check) in mailbox on March 23.
-TheDDC
-TheDDC
Rules to wealth building: 75-80% VTSAX piled high and deep, 20-25% VTIAX, 0% given away to banks.
Re: How quickly did you receive your 2020 tax refund?
E-filed with H&R Block March 3.
State Refund: Deposited March 11
Federal Refund: Still Pending...
-Exodus
State Refund: Deposited March 11
Federal Refund: Still Pending...
-Exodus
The outcome is the perspective...
-
- Posts: 51
- Joined: Sat Jun 06, 2015 4:34 pm
Re: How quickly did you receive your 2020 tax refund?
Filed fed and state electronically on March 8th, both pretty straightforward, both still being reviewed...
Re: How quickly did you receive your 2020 tax refund?
E-Filed and Return Accepted 2/19
Still being processed...
Still being processed...
Re: How quickly did you receive your 2020 tax refund?
After waiting over a month, a missing portion of refund in paper I bond arrived today unannounced. The delay was probably caused by misprinted barcodes which are heavily crossed out with magic marker.
Re: How quickly did you receive your 2020 tax refund?
Professional tax preparer here. I have clients that got their refunds in less than 2 weeks and I have other clients that haven't gotten their refunds and it's been almost 2 months. No rhyme or reason. Can't even get a straight answer from the IRS after being on hold for over an hour. A few of my clients got their refunds a few weeks before the IRS website "Where's My Refund" tool even showed a date. This year is a whole other animal.
-
- Posts: 423
- Joined: Sun Jan 19, 2020 6:59 am
Re: How quickly did you receive your 2020 tax refund?
2/27 - Federal and State returns accepted.
3/16 - State refund deposited to my account.
4/2 - Federal says still processing. Refund a little over 9k.
4/18 - Still processing
Both e-filed with TurboTax.
3/16 - State refund deposited to my account.
4/2 - Federal says still processing. Refund a little over 9k.
4/18 - Still processing
Both e-filed with TurboTax.
Last edited by makingmistakes on Sun Apr 18, 2021 2:24 pm, edited 1 time in total.
Re: How quickly did you receive your 2020 tax refund?
Return accepted within minutes but it’s been 3 weeks and still no deposit.
Re: How quickly did you receive your 2020 tax refund?
Filed - 2/19
Federal refund - 2/25
NY state refund - 3/9
Federal was super fast this year!
Federal refund - 2/25
NY state refund - 3/9
Federal was super fast this year!
- CardinalRule
- Posts: 1204
- Joined: Sun Jan 15, 2017 10:01 am
- Location: United States
Re: How quickly did you receive your 2020 tax refund?
Somehow I was not even aware of the "Taxpayer Advocate Service," and our household doesn't meet the case criteria it outlines for assistance, but this posting does underscore the breadth of the delays that many taxpayers are currently experiencing.
TAS’s Ability to Help With Delayed Refunds Is Limited
https://www.taxpayeradvocate.irs.gov/ne ... s-limited/
TAS’s Ability to Help With Delayed Refunds Is Limited
https://www.taxpayeradvocate.irs.gov/ne ... s-limited/
Re: How quickly did you receive your 2020 tax refund?
Filed online (TurboTax) 2/19--IRS accepted immediately
Received IDVerify letter from IRA on 3/21--and successfully verified ID online on same day
Still waiting 4/5--refund a little under $18K
I tried to call the IRS this morning and got a recording saying IRS was too busy to answer my call.
Received IDVerify letter from IRA on 3/21--and successfully verified ID online on same day
Still waiting 4/5--refund a little under $18K
I tried to call the IRS this morning and got a recording saying IRS was too busy to answer my call.
Re: How quickly did you receive your 2020 tax refund?
Federal (Filed using H&R Block s/w):
Filed on: 03/11
Accepted: 03/11 (immediately)
Approved: around 03/25
Refund: 03/31
State (using state web site):
Filed on: 03/26
Refund: 03/31
Filed on: 03/11
Accepted: 03/11 (immediately)
Approved: around 03/25
Refund: 03/31
State (using state web site):
Filed on: 03/26
Refund: 03/31
Re: How quickly did you receive your 2020 tax refund?
E-filed and accepted Fed return with Turbo tax on 3-29-21. Refund of $2,326 was direct deposited on 4-06-21. So, 8 days.
-
- Posts: 630
- Joined: Wed Mar 04, 2009 9:48 pm
Re: How quickly did you receive your 2020 tax refund?
Filed on 2/21, IRS website still says my return is "being processed". I'm getting a large refund (almost all of federal tax) because of living overseas and using FEIE. Unfortunately I can't stop withholding because I always owe a few dollars from investment income, so I can't say that I'm not expecting to owe any tax.
-
- Posts: 507
- Joined: Wed Oct 26, 2011 8:19 pm
Re: How quickly did you receive your 2020 tax refund?
Fed 18 days
State 16 days
State 16 days
Re: How quickly did you receive your 2020 tax refund?
I filed on March 5th (after Turbotax resolved their inherited IRA/backdoor Roth IRA issues). The Fed one is still processing, but CA came back relatively quick (2 weeks).
Re: How quickly did you receive your 2020 tax refund?
E-Filed towards end of Feb
Showed “received” on IRS website 40 days later
Showed “accepted” on IRS website 1-2 weeks after showing received with expected deposit in 1 week
Showed “received” on IRS website 40 days later
Showed “accepted” on IRS website 1-2 weeks after showing received with expected deposit in 1 week
-
- Posts: 176
- Joined: Sat Jul 09, 2016 11:16 pm
Re: How quickly did you receive your 2020 tax refund?
Filed last weekend and just received my refund overnight so less than a week. Definitely the fastest I’ve ever received it.
-
- Posts: 3595
- Joined: Fri Dec 26, 2014 3:19 pm
Re: How quickly did you receive your 2020 tax refund?
e-filed for my deceased mother, and needed a paper check rather than electronic payment. It took 3 weeks for the check to arrive.
- Info_Hound
- Posts: 421
- Joined: Wed Mar 23, 2011 9:47 am
- Location: Threw a dart in a map and moved
Re: How quickly did you receive your 2020 tax refund?
Still waiting, IRS states they have received it, but have not processed it yet. Filed mid-February. Received my state refund about 3 weeks later. It was a simple standard tax return, efiled.
Re: How quickly did you receive your 2020 tax refund?
Filed and accepted 2/14
Refund deposited 2/19 -also fastest ever.
Refund deposited 2/19 -also fastest ever.
Re: How quickly did you receive your 2020 tax refund?
Filed on Friday, Accepted on Monday,and refund deposited on Friday.
Our first refund in many years.
Our first refund in many years.
- quantAndHold
- Posts: 10141
- Joined: Thu Sep 17, 2015 10:39 pm
- Location: West Coast
Re: How quickly did you receive your 2020 tax refund?
Us too. Filed in early March. Ours says still processing. I suspect it's because I filed right before ARP became law, and I had a repayment of part of my ACA premium tax credit, and the ARP changed that so that it doesn't have to be repaid. I read something the other day that said *don't* file an amended return, they'll recalculate the tax and send the refund. I'm guessing I'm waiting for them to recalculate my tax.Info_Hound wrote: ↑Sat Apr 10, 2021 10:52 am Still waiting, IRS states they have received it, but have not processed it yet. Filed mid-February. Received my state refund about 3 weeks later. It was a simple standard tax return, efiled.
Re: How quickly did you receive your 2020 tax refund?
Sent in a letter to Treasury Retail Securities Services in Minneapolis on March 29, 2021 by certified mail. I mentioned that of the three $1000 I bonds I received, they had serial numbers ending in N, N+2, and N+3, so I assumed the lost one was the N+1 one.obafgkm wrote: ↑Sat Mar 06, 2021 9:14 am Filed February 13, 2021 with H&R Block software. Received notice of acceptance about an hour later.
Received refund February 18, 2021 into my credit union account.
Received $4000 of my $5000 in paper I Savings Bonds February 27, 2021. Still waiting on my last $1000 savings bond as of this writing.
Received on April 16, 2021 a replacement $1000 I bond (I suppose; the serial number is the one I expected with the issue date being February 2021, so it could be the original that had fallen behind someone's desk in February and was never mailed ).
"I'm investing in stocks... chicken, beef, and vegetable. It's risky, but I know one day it'll pay off & I'll be a bouillonaire. Who knows, I might even open up a Broth IRA."
-
- Posts: 6561
- Joined: Tue Jul 26, 2011 1:35 pm
Re: How quickly did you receive your 2020 tax refund?
Filed march 15, still waiting .
We had to paper file. For some reason, e-file with Turbotax was being rejected for not having the AGI correct for 2019, but we triple checked it.
I hope this does not indicate a problem.
We had to paper file. For some reason, e-file with Turbotax was being rejected for not having the AGI correct for 2019, but we triple checked it.
I hope this does not indicate a problem.
-
- Posts: 2
- Joined: Wed Dec 04, 2013 1:01 pm
- Location: Alaska
Re: How quickly did you receive your 2020 tax refund?
Filed ours mid-Feb and still processing. Finally got through the gauntlet to get a live human at the IRS and I’m being told it’s pending because we made our 2020 estimates tax payments under my wife’s SSN and since I am the primary, it throws their entire system into chaos and will take a few more weeks. This was our first year doing estimated tax payments so lesson learned. Just did our 2021 Q1 payment and boy they took that money fast though!quantAndHold wrote: ↑Sun Apr 11, 2021 3:17 pmUs too. Filed in early March. Ours says still processing. I suspect it's because I filed right before ARP became law, and I had a repayment of part of my ACA premium tax credit, and the ARP changed that so that it doesn't have to be repaid. I read something the other day that said *don't* file an amended return, they'll recalculate the tax and send the refund. I'm guessing I'm waiting for them to recalculate my tax.Info_Hound wrote: ↑Sat Apr 10, 2021 10:52 am Still waiting, IRS states they have received it, but have not processed it yet. Filed mid-February. Received my state refund about 3 weeks later. It was a simple standard tax return, efiled.
- boglesmymind
- Posts: 72
- Joined: Sat Jan 09, 2010 8:10 pm
Re: How quickly did you receive your 2020 tax refund?
I e-filed on Feb 12 and only just received my refund April 14.
This took much longer than usual.
This took much longer than usual.
-
- Posts: 115
- Joined: Mon Jun 26, 2017 9:56 am
- Location: California
Re: How quickly did you receive your 2020 tax refund?
E-filed using Turbo Tax on 3/31/21
Got the State (CA) refund 4/7/21
The IRS refund status just switched to "refund approved" on 4/16/21 and says the refund will be deposited on 4/21/21
Got the State (CA) refund 4/7/21
The IRS refund status just switched to "refund approved" on 4/16/21 and says the refund will be deposited on 4/21/21
Re: How quickly did you receive your 2020 tax refund?
Paper filed Feb 23
IRS refund status: scheduled for deposit April 19
IRS refund status: scheduled for deposit April 19
Re: How quickly did you receive your 2020 tax refund?
Similar story for me. E-filed with TT early in February, refund showed up as "pending" in my checking account on 4/14, actually available on 4/15. Previous years' returns usually took around 4 weeks. Understandable that there'd be some delays this year.boglesmymind wrote: ↑Sat Apr 17, 2021 11:10 am I e-filed on Feb 12 and only just received my refund April 14.
This took much longer than usual.
- cheese_breath
- Posts: 11786
- Joined: Wed Sep 14, 2011 7:08 pm
Re: How quickly did you receive your 2020 tax refund?
E-filed Feb 19th. (Mine was in the bunch that IRS delayed processing) Credit union site shows my 'refund' will be deposited tomorrow, April 21. Although it isn't a refund. It's the rest of my 2020 stimulus payment. I never get a refund.
The surest way to know the future is when it becomes the past.
Re: How quickly did you receive your 2020 tax refund?
This gives me hope. I filed mid-Feb and I'm still waiting...sycamore wrote: ↑Sun Apr 18, 2021 11:35 amSimilar story for me. E-filed with TT early in February, refund showed up as "pending" in my checking account on 4/14, actually available on 4/15. Previous years' returns usually took around 4 weeks. Understandable that there'd be some delays this year.boglesmymind wrote: ↑Sat Apr 17, 2021 11:10 am I e-filed on Feb 12 and only just received my refund April 14.
This took much longer than usual.
Re: How quickly did you receive your 2020 tax refund?
Filed Feb 27th, accepted within an hour, still processing. If they've hit mid-Feb, maybe I get mine in early May.
A useful razor: anyone asking about speculative strategies on Bogleheads.org has no business using them.
- CardinalRule
- Posts: 1204
- Joined: Sun Jan 15, 2017 10:01 am
- Location: United States
Re: How quickly did you receive your 2020 tax refund?
+1 on the giving of hope. Filed on February 20 and hit my two-month "anniversary" today.alpenglow wrote: ↑Tue Apr 20, 2021 12:10 pmThis gives me hope. I filed mid-Feb and I'm still waiting...sycamore wrote: ↑Sun Apr 18, 2021 11:35 amSimilar story for me. E-filed with TT early in February, refund showed up as "pending" in my checking account on 4/14, actually available on 4/15. Previous years' returns usually took around 4 weeks. Understandable that there'd be some delays this year.boglesmymind wrote: ↑Sat Apr 17, 2021 11:10 am I e-filed on Feb 12 and only just received my refund April 14.
This took much longer than usual.
Re: How quickly did you receive your 2020 tax refund?
I filed on 2/19/21 and my transcripts finally updated today. I should receive my refund in a few days. The “where’s my refund” site still shows processing, but I hear that usually lags a day from the transcript update.
Re: How quickly did you receive your 2020 tax refund?
Mine was just deposited. EFiled a week ago
-
- Posts: 107
- Joined: Sat Feb 16, 2019 1:20 pm
Re: How quickly did you receive your 2020 tax refund?
Efiled via CPA, maybe 2 weeks. That was late March.
Federal tax refund
[Thread merged into here --admin LadyGeek]
It seems like our refund is taking longer this year. I think it normally gets filed electronically from the accountant's office, then takes about 2-3 weeks to deposit in the bank. We are now at five weeks. Should I be worried?
What is your experience?
It seems like our refund is taking longer this year. I think it normally gets filed electronically from the accountant's office, then takes about 2-3 weeks to deposit in the bank. We are now at five weeks. Should I be worried?
What is your experience?
Pale Blue Dot
Re: Federal tax refund
Don't trust me, look it up. https://www.irs.gov/forms-instructions-and-publications
-
- Posts: 1242
- Joined: Fri Mar 02, 2007 9:16 am
Re: Federal tax refund
-
- Posts: 1488
- Joined: Wed Mar 23, 2016 9:28 am
- Location: SE Michigan
Re: How quickly did you receive your 2020 tax refund?
Deleted. Posted to wrong thread.
-
- Posts: 1488
- Joined: Wed Mar 23, 2016 9:28 am
- Location: SE Michigan
Re: Federal tax refund
While I wouldn't put too much faith in this, my IRS account has a current notation that "if you've already filed, processing usually takes 21 days (electronic returns) or six weeks (paper returns)." That message has been appearing all month.
For the 2 returns I file (both e-filed via TurboTax, both moderately complex):
Return 1 filed and accepted 3/14/21, refund hit bank 3/22/21
Return 2 filed and accepted 4/10/21, refund not yet issued, account shows return not yet processed.
For the 2 returns I file (both e-filed via TurboTax, both moderately complex):
Return 1 filed and accepted 3/14/21, refund hit bank 3/22/21
Return 2 filed and accepted 4/10/21, refund not yet issued, account shows return not yet processed.
-
- Posts: 8626
- Joined: Wed Apr 08, 2015 11:31 am
- Location: West coast of Florida, near Champa Bay !
Re: Federal tax refund
I filed BIL's taxes April 12, via H&R Block, refund received yesterday, April 21.
Haven't filed our return yet, as we owe a bit.
Broken Man 1999
Haven't filed our return yet, as we owe a bit.
Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven then I shall not go." - Mark Twain