2017 IRS Tax Refund Timeline: What You Need to Know
This article explains the 2017 IRS tax refund schedule, covering key filing deadlines, processing times, and reasons for delays. It highlights how electronic filing can speed up refunds and offers tips for timely submission. Understanding these dates ensures taxpayers are prepared to file accurately and receive refunds promptly, typically within 10-14 days of acceptance. The article also notes common causes of delays, including incomplete or incorrect filings, helping taxpayers avoid processing issues and plan their finances effectively.
Understanding the 2017 IRS Tax Refund Timeline
Taxpayers often have questions about when they can expect their refunds, how much they might receive, and important filing deadlines. While exact refund amounts are hard to predict without full details, filing electronically through IRS E-File or other software can provide an estimated refund timeline. Paper returns generally cause delays, as processing takes longer. Knowing key dates helps, such as the official tax filing start date and deadline extensions, ensuring timely submission and understanding when refunds will arrive.
Important Dates for Filing and Refunds:
Tax Filing Start Date: The IRS began accepting 2017 tax returns on January 23rd, 2018. Preparing your return earlier with e-Filing can expedite the process. However, refunds won’t be issued until the IRS processes your submission.
Tax Deadline: The filing deadline was April 15, 2018, extended to April 18 if the date fell on a weekend or holiday like Emancipation Day in D.C. Extensions can be filed if more time is needed.
Expected Refund Timing: Most taxpayers (around 90%) receive refunds within 21 days of the IRS accepting their returns. Typically, refunds arrive in about 10-14 days after acceptance, assuming no issues.
Reasons for Refund Delays: Refunds claiming earned income or child tax credits are held until February 15, 2018. Other delays may result from incomplete returns, errors, incorrect SSNs, or bank details. Post-release, refunds can still take a week to arrive.
