The sooner I submit my tax return, the sooner I will receive my refund.
If you want to receive your IRS refund as quickly as possible, submitting the declaration in the first days can make a difference. Processing is done on a first-come, first-served basis, and those who submit earlier are more likely to receive the money first.
Early delivery of IRS can speed up the refund?
The delivery of the IRS statement starting on April 1st is eagerly awaited by many taxpayers, especially those entitled to a refund. But does submitting the statement earlier mean receiving the money sooner? The answer is yes, in most cases.
How does the processing of IRS work?
The IRS refund is only processed after the Tax Authority (AT) validates and calculates the amounts owed. This process is done in submission order, meaning those who submit first have their declaration reviewed sooner. Therefore, the earlier you send it, the higher the likelihood of receiving it quickly.
Deadlines and average refund times & nbsp;
The IRS campaign takes place annually between April 1 and June 30. Usually, the first refunds start to be paid about 15 to 30 days after the submission of the declaration.
In cases of Automatic IRS, the process tends to be even faster, with refunds being issued in less than 15 days. For those who have to fill out manually, validation may take longer, especially if there are inconsistencies in the data.
Factors that can delay the refund.
Although early delivery increases the chances of receiving the money sooner, some factors may delay the process:
- Errors or discrepancies in the declaration: If the declared values do not match the tax authority's data, the declaration may be subject to manual review, taking longer.
- Lack of validation in e-Invoice: If expenses are not correctly validated before submission, processing may be slower.
- Fiscal or Social Security debts: If there are pending debts, the refund may be withheld until they are settled.
Read more: Should I submit the IRS on the first day or not?
If you are waiting for your IRS refund, the best advice is to gather all documentation in advance and submit the declaration as soon as possible. This way, you ensure faster processing and avoid unpleasant surprises.
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