When did you get your refund 2014

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Today is the official start to the I.R.S. 2013 Tax Season. We want to compile a list of payments dates for our users to see to better help them determine the date that they will get their refund. So we pose the question, “When did you get your refund 2014?”

We would like everyone to reply to this post with the date that their refund was accepted and the date that I.R.S. has set for their direct deposit or check. To find out this date, you will need to visit the I.R.S. Where’s My Refund webpage.

Optionally, we would also like you to post the date that your state refund, what state, and when your state finance department gives your refund date. To find out this, visit our Where’s My State Refund page.

Please comment below with Federal Acceptance Date, Federal Payout Date, (optional) State Acceptance Date, State, and State Acceptance Date.

Thank you for helping to make our 2014 Refund Schedule to be as accurate as possible.

Discuss this on The Income Tax Forums.

2014 IRS Refund Cycle Chart for 2013 Tax Year

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2014 IRS Refund Cycle Chart and e-file payment information.

This is a schedule for 2014 IRS Refund Cycle Chart. Direct Deposit and Check date’s below. Please see disclaimer. 2014 tax refund schedule is listed below for information purposes. This is just for the first week. Find out when you’re state income tax refund will be in. Please consider donating $1 to $5 to us for help with cost of running the site. Thank you.

2014 IRS E-File Cycle Chart Please note that due to heavy volumes on the opening week of tax season, several direct deposits may be pushed to the second week of payouts. 

IRS approves your return (by 11:00 am) between…* Projected Direct Deposit Sent on or before* Projected Paper Check Mailed*
January 24 and January 31 2014 2/6/2014 & 2/10/2014 2/7/2014 Continue reading

Your taxes are due!

Tax Day is officially here.

If you still haven’t filed, then you’re among the minority. As of the end of last week, the IRS had received nearly 100 million tax returns — roughly three-quarters of the returns it expects to get this tax season.

For procrastinators who are owed a refund, it won’t hurt to file late. Penalties are only incurred if you owe tax. But it’s still a good idea to file for an extension, just in case you end up being wrong and actually owe money.

So far this tax season, about 12 million taxpayers have requested extensions.

Related: Don’t miss these Tax Day deals

The average refund is $2,792, up 1% from last year, and people are using them for everything from hosting a crawfish boil to paying off student loans.

But because your refund may be one of the biggest checks you may receive all year, be careful to protect your identity. Scammers are also on the prowl during tax season, and the IRS has issued an alert about a new phone scam where IRS impersonators are calling taxpayers and asking for personal information or demanding that they pay back taxes.

The IRS has also warned taxpayers to watch out for fake charities, emails from IRS impersonators and shady tax preparers who do things like claim bogus children or convince you to hide income offshore.

Related: 10 tax audit red flags

The recently discovered Heartbleed bug, a security flaw that exposes Internet users’ passwords, has also raised questions about whether it’s safe to file online, though the IRS says taxpayers should ignore the bug and still file their taxes.

If you want to be extra safe, you can file the old-fashioned way — by snail mail. Although the vast majority of filers prefer to file online, with nearly 90% of all returns submitted electronically this year.

Another thing to watch out for: audit red flags. While the chance of being audited is less than 1% on average, certain actions are more likely to spark scrutiny from the IRS. Common triggers include overstating your charitable donations, being a millionaire, and claiming the Earned Income Tax Credit — a commonly abused credit.

Related: 13 crazy tax deductions

Don't give Uncle Sam a 0% loan
Don’t give Uncle Sam a 0% loan

Claiming strange deductions will also raise eyebrows. Some of the weird write-offs that have failed over the years include airfare for a pet, a birthday party, and pantyhose. But others are perfectly acceptable, even though they may sound bizarre. Hermit crab food, scuba trips and Viagra for a woman were all given the green light by the IRS.

You can even claim a boyfriend or girlfriend as a tax break, but your significant other will have to earn less than $3,900, live with you year-round and you must pay for more than half of their expenses.

Once you’ve filed, relax and celebrate with any one of dozens of Tax Day deals, including free cookies, curly fries, massages and paper shredding.

IRS already cut billions in tax refund checks #taxrefund

Millions of taxpayers have already received big refund checks, as the 2014 tax filing season seems to be humming along without a hitch. IRS issuing many refund checks already.

The Internal Revenue Service announced today that it issued $64.5 billion in refunds to 19.5 million taxpayers as of Feb. 7, a total dollar amount that was up 24% from the same time last year. The average refund check issued this year, $3,317, is also 4.6% larger than last year.

It’s not too surprising that this filing season is running more smoothly than last year, when the IRS lagged the previous year’s pace for issuing refunds throughout most of the filing season. The agency had to put off accepting certain tax forms until as late as March because it was updating its systems following the tax-code revamps caused by the fiscal-cliff legislation.

But taxpayers are also submitting their returns more quickly. The IRS received more than 27 million returns as of Feb. 7, up 2.5% from the same time in 2013. Nearly 96% of those were filed electronically. Samuel Hale, 21, a college student near Fort Worth, Texas, says his refund was deposited into his checking account Friday morning, a week after he filed his return electronically using online software. “I was very surprised,” says Hale, who couldn’t file his return until April last year because of a missing W-2 form.

In an interesting shift, the data shows more taxpayers are doing their own returns so far this tax season. Roughly half of the returns submitted, or 13.3 million, were self prepared, up 14.7% from last year. Typically, about 60% of returns are handled by a tax pro, according to IRS data.

Of course, not all taxpayers have been able to file their returns yet. Some people are still waiting on paperwork from their brokers, employers or colleges that they need to report all income and claim certain tax breaks. And some people aren’t eager to file their returns. Taxpayers who need to cut a check to the IRS generally wait until closer to April 15 to file.

Taxpayers can track their refunds using the  “Where’s My Refund?” tool starting 24 hours after filing electronically, or four weeks after mailing in a return. About 90% of refunds are issued within 21 days, though some may be delayed if there is an issue with the return.

Discuss this and more on the Income Tax Forums.

Looking For Your Tax Refund? What You Need To Know So Far For 2014

It’s that time of year again. You know, the time of year where you’re relegated to doing a lot of waiting. And waiting. It’s hard, I know, between the delayed opening for tax season and the terrible weather that we’re experiencing in parts of the country. Things are moving kind of slow. Plus side? They are moving. Here’s the skinny so far:

I know, you’re already fretting about where your refund might be. The good news is that I’ve heard that refund checks are slowly making their way to your bank accounts. If you’re wondering where yours might be, you can check the“Where’s My Refund?” online tool at IRS: you can check on your status within 24 hours after the Internal Revenue Service has received your e-filed return or four weeks after you mail a paper return. The system is available pretty much all of the time but it does shut down from time to time for updating, specifically the system is unavailable every Monday from 12:00 am (Midnight) to 3:00 am EST.

There are three stages of refund claims according to the system: (1) Return Received, (2) Refund Approved and (3) Refund Sent.

Return Received means… well, you can figure that one out.

Refund Approved means that the IRS has processed your return and your refund has been approved. The IRS will send your refund to your bank via direct deposit or directly to you in the mail if you requested a paper check. The fastest way to get your refund is by using direct deposit.

Refund Sent means that your refund is on the way. If the IRS has sent your refund to your bank or other financial institution for direct deposit, it may take 1 – 5 days to deposit the funds into your account. If you requested a paper check, it could take several weeks for your check to arrive in the mail; the same time frame applies to debit cards.

Expect to see your refund in hand within 21 days though, anecdotal, if you use a combination of e-filing and direct deposits, last year taxpayers reported receiving their refunds with ten days of filing (fingers crossed). The system is only updated once a day (usually at night) so the IRS is imploring you to only check once a day – so many folks checked repeatedly last year that it crashed the system.

If you have limited access to internet, the IRS does have phone and walk-in updates for refunds. With limited available resources, they’re not excited about picking up the phone – but they will (maybe). But you will have to wait. They can only answer questions in person or by phone if it’s been 21 days or more since you filed electronically, or more than 6 weeks since you mailed your paper return.

It’s possible your tax return may require additional review and take longer. This can happen when the return has errors or is missing information. Take the extra time to double-check the return before you send it so that you can avoid any obvious and silly mistakes, like forgetting to sign the return. If there are other issues, like duplicate claims for dependents (happens with divorces quite often), injured spouse claims or identity theft or fraud, the IRS will have to investigate a little and that will slow your refund.

If you need to file an amended return, be prepared to wait. Processing times alone for amended returns can take up to sixteen weeks. You can check on the status of refunds related to amended returns by using the “Where’s My Amended Return?” tool on the IRS website.

And that brings up another issue: certain returns are a bit complicated. And processing times are longer for those returns. And you don’t want to wait. I know that you don’t want to wait because I’ve seen your emails – you know, the ones with all of your creative strategies for getting your refunds faster than you are supposed to. So let me help you out: don’t cheat to get your money faster. It’s simply not smart.

Yes, I’ve seen and heard all of the tricks. Filing as HOH to get the refund now and amending later. Filing with more dependents than you’re entitled to and figuring it out later. Overstating deductions. Understating income. And I know that you’re going to explain to me that it’s fine because you know your Uncle Jimmy did it and he got away with it. Well, super for Uncle Jimmy. But the reality is that lying on your return is wrong. It’s also criminal.

Even assuming that you don’t get charged criminally for fraud, the IRS does track patterns of tax behaviors. And if they notice that you happen to be the taxpayer who files for refund each February and amends each April, you’ll eventually be flagged. And in addition to slowing future refunds, you’ll also get socked with a pretty nasty punch. Trust me. These are the clients who end up in my office with a tax liability nearly two or three times the original amount owed once the penalties and interest have been piled on. It’s not smart. It’s wrong. And it’s completely not worth it.

So there you have it. The quick and dirty state of tax refunds for 2014 to date. Unlike last year’s fiasco with the educational credits, I haven’t heard of any patterns of errors on the part of IRS or any specific software companies. I’m constantly checking for you and I’ll be posting updates as they are made available.

Until then, be patient, be diligent and try not to rub that whole you’re-getting-a-refund thing in our faces. Some of us might be a little bitter.

Learn about Topic 152. Discuss this on the Income Tax Forums.

First IRS Tax Payments Just Went Out

First IRS 2014 Direct Deposits Just Went Out.

February 6th, 2014, 12:00A.M. the I.R.S. sent out thousands of tax payments to individuals who filed before January 31st, 2014. Some individuals who filed before January 31st, 2014 were not included in this due to the overflow of individuals who submitted their returns. Those individuals should watch the Where’s My Refund page and expect a payout on the next payout day being “on or before February 13th, 2014.”

Also a very important note: “if your payment was sent to like turbotax type where it has to go through another bank to take out fees then you have to wait until that bank opens and they will process them. Some banks are not open yet so check your accounts later this morning or afternoon.”

Please reply to this post when you submitted, were accepted, approved, and if you received your refund last night.

I.R.S. Where’s My Refund updated

I.R.S. have finally updated their Where’s My Refund tool. They will be unloading millions of dollars over the next few days to taxpayers.

We have received news that the I.R.S. updated their Where’s My Refund webpage last night at 12 A.M.. Thousands of people have their Direct Deposit date sets to “on or before February 6th, 2014″. This means that the February 5th payout date is still correct. They will send the funds to the bank on Monday and the funds will be set to be direct deposited on Wednesday February 5th 2014. This will give your bank time to handle the huge load of all of the transfer they receive of millions of dollars over a day period.

I.R.S. release millions of dollars to tax payersPlease check the I.R.S. Where’s My Refund webpage and then be watching your bank account for the direct deposit. We strive to keep our schedule as accurate as possible and hope that you have enjoyed reading.

We are compiling a list of refund dates for 2014, so please visit this post and comment when you were accepted versus when you actually received your refund. Please like us on Facebook, follow us on Twitter, tell your friends about us.

Thank you.