Still Waiting on Your Tax Refund? Find Out When It’ll Arrive

When can you expect your refund?

May 3, 2014 at 12:37PM

Christopher / Flickr source

The 2014 tax season may be over, but many Americans are still eagerly anticipating their tax refunds. Knowing that they'll get money back, they probably already have plans for how their tax refunds will be spent, saved or invested. But, when can they expect their refunds to arrive?

The IRS says that most refunds are issued in less than 21 calendar days after it has finished processing a tax return and confirm that the tax refund is approved. However, the timer begins only after the tax return gets to the IRS, which would depend on how it was filed.

To delay the arrival of tax refunds even more, taxpayers who opted to receive a refund check in the mail can expect to wait even longer to get their money.

Taxpayers who filed their returns electronically and chose to receive their refunds through direct deposit should see their refunds the soonest — within three weeks. Many people are reporting that their refunds came within one week after filing, even though they waited until late in the tax season to complete their returns.

Taxpayers who filed a paper return and chose to get a refund check in the mail will have to wait for quite some time before they get their money — possibly up to two months.

The IRS offers the "Where's My Refund?" tool to provide taxpayers with up-to-date status on their tax refunds. Status notifications include when the return was received, when the refund was approved and when the refund was sent.

See the below table to get a better idea of when you'll get your tax refund:

Tax Refund

As of April 11, 2014, the IRS processed more than 110 million income tax returns and issued more than 85 million refunds. The average tax refund was $2,751.

According to Capital One Bank's annual Taxes and Savings survey, 52 percent of Americans who expect a refund plan to spend it instead of saving it.

How are you using your tax refund?

For next year's taxes, take advantage of this little-known tax "loophole"
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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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