The IRS (Internal Revenue Service) tax refund is a significant financial event for many U.S. taxpayers.
Understanding the process can help you get the most out of your tax return and ensure you receive your refund as quickly and smoothly as possible.
An IRS tax refund occurs when you have paid more taxes to the government than you owe.
This can happen for several reasons, including overestimating your tax liability, qualifying for tax credits, or having too much withheld from your paycheck throughout the year
When you file your tax return, the IRS calculates your actual tax liability, and if you've overpaid, they issue you a refund.
Once you've filed your tax return, it's natural to want to know when you'll receive your refund. The IRS offers a few tools to check your refund status:
The IRS also offers a mobile app that allows you to check your refund status, make payments, and access tax help.