When Can I Get My Tax Return 2016?

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Introduction

As tax season approaches, many people eagerly anticipate receiving their tax returns. Whether you’re relying on the extra cash to pay off debts, cover expenses, or treat yourself to something special, it’s important to understand when you can expect to receive your tax return in order to properly plan your finances.

In 2016, the tax return deadline for most individuals was April 18th, with the exception of a few states where the deadline was extended to April 19th. However, the processing time for tax returns can vary depending on various factors, such as how you file your taxes, when you file, and the complexity of your return.

In this article, we will delve into the details of tax return deadlines, filing options, factors affecting processing time, and tips to expedite the processing of your tax return. Additionally, we will explore how you can check the status of your tax return and common reasons for delays.

By gaining knowledge and understanding of the tax return process, you can better navigate through it and ensure that you receive your refund in a timely manner.

Understanding Tax Return Deadlines

Filing your tax return on time is crucial to avoid penalties and potential complications with the Internal Revenue Service (IRS). The tax return deadline for most individuals is typically April 15th of each year. However, the exact deadline may vary depending on various factors.

In 2016, the tax return deadline was April 18th, with a few states having an extended deadline of April 19th. It’s important to stay updated on any changes to the tax return deadline, as it can vary from year to year due to weekends, holidays, or other circumstances.

It’s essential to understand that there are different deadlines for filing your tax return and paying your taxes. While the filing deadline is typically in mid-April, you may be required to pay your taxes by the original filing deadline, regardless of whether you have filed your tax return or submitted an extension. Failure to pay your taxes on time can result in penalties and interest charges.

If you need additional time to file your tax return, you can request a six-month extension by submitting IRS Form 4868. However, keep in mind that an extension to file does not grant an extension for paying any taxes owed. It’s important to estimate your tax liability and pay any taxes due by the original filing deadline to avoid penalties and interest.

Understanding the tax return deadlines is essential for ensuring compliance with IRS regulations and avoiding unnecessary fees. Be sure to mark the tax return deadline on your calendar and take steps to file your tax return on time or request an extension if necessary.

Filing Options for Tax Returns

When it comes to filing your tax return, you have several options to choose from. The method you choose can impact the processing time and convenience of your tax return. Here are the primary filing options available:

1. Paper Filing: This traditional method involves filling out a paper tax return form and mailing it to the appropriate IRS address. While it may be time-consuming and prone to errors, some individuals prefer this method for various reasons, such as not having access to a computer or preferring a physical copy of their tax return.
2. E-Filing: Electronic filing, or e-filing, is becoming increasingly popular due to its simplicity and speed. E-filing allows you to submit your tax return electronically using IRS-approved tax preparation software or through an authorized tax professional. This method not only reduces the risk of mistakes but also offers a quicker processing time compared to paper filing.
3. Free File: If you meet certain income requirements, you may be eligible for the IRS Free File program, which allows you to prepare and file your federal tax return for free using online software provided by reputable tax preparation companies.
4. Professional Assistance: If your tax situation is complex or you prefer professional guidance, hiring a tax professional, such as a certified public accountant (CPA) or enrolled agent (EA), can help ensure accuracy and maximize deductions. They can help you navigate through tax laws and help identify any potential deductions or credits that you may have missed.

Consider your individual circumstances, tax situation, and personal preferences when selecting a filing option. E-filing is the most popular and efficient method, as it allows for faster processing and ensures that your tax return is delivered securely to the IRS. However, choosing the option that best suits your needs is key to a smooth tax return filing process.

Factors Affecting Processing Time

The processing time for your tax return can vary depending on several factors. Understanding these factors can help you manage your expectations regarding when you can expect to receive your tax refund. Here are some key factors that affect the processing time:

1. Filing Method: The method you choose for filing your tax return can impact the processing time. E-filing typically results in faster processing compared to paper filing. The IRS processes electronically filed returns more quickly and accurately, reducing the chances of errors and the need for manual data entry.
2. Accuracy: The accuracy of your tax return plays a significant role in processing time. Any errors, inconsistencies, or missing information can trigger a delay. Double-check your tax return for accuracy, review all entries, and ensure that your personal information, income, deductions, and credits are correctly reported.
3. Complexity: The complexity of your tax return can impact the processing time. If your return includes complex financial transactions, business income, rental properties, or multiple deductions, it may take longer for the IRS to review and process your return. Be prepared for a potentially longer processing time if your return involves intricate tax situations.
4. Filing Date: The timing of your tax return filing can also affect processing time. Filing early in the tax season when the IRS receives fewer returns can result in a faster processing time. Conversely, filing closer to the tax return deadline or during peak filing periods may lead to longer processing times due to the higher volume of returns received by the IRS.
5. Errors or Issues: Any errors, issues, or discrepancies on your tax return can prolong the processing time. Common errors include incorrect Social Security numbers, math errors, mismatched names and identification numbers, and incorrect filing statuses. It’s crucial to thoroughly review your tax return to minimize the potential for such errors.

While it’s difficult to predict the exact processing time for each individual tax return, understanding these factors can help you gauge the likely timeframe. The IRS provides a general guideline of processing times, typically ranging from a few weeks to a few months. Utilize online tools, such as the IRS “Where’s My Refund?” tool, to track the status of your return and stay informed.

Where’s My Refund?

Once you’ve filed your tax return, you may eagerly wonder when you’ll receive your refund. The good news is that the IRS provides a tool called “Where’s My Refund?” that allows you to track the status of your tax return and refund. This online tool is accessible through the IRS website and can provide valuable information on the progress of your refund.

To use “Where’s My Refund?”, you will need to have certain details on hand, including your Social Security number, filing status, and the exact amount of your expected refund. With this information, you can easily check the status of your refund and obtain an estimated date of when you can expect to receive it.

The tool provides three stages of the refund process:

1. Return Received: This stage indicates that the IRS has successfully received your tax return. It typically takes the IRS up to 24 hours to acknowledge the receipt of an electronically filed return and up to four weeks for a paper return.
2. Refund Approved: This stage signifies that your tax return has been processed and that the IRS has approved your refund. The refund approval process can take anywhere from two weeks to several months, depending on various factors.
3. Refund Sent: Once your refund has been approved, it will be sent to you through the chosen method of payment, either by direct deposit or a paper check. The time it takes for the refund to be sent can depend on the payment method selected and may take an additional few days to a week to reach you.

Using the “Where’s My Refund?” tool can provide you with peace of mind and keep you informed about the status of your refund. If you encounter any issues or delays, the tool may also provide information on how to resolve them.

Remember, the information provided by the tool is updated once daily. If you’ve recently filed your tax return, allow adequate time for the IRS to process it before checking the status of your refund. If your tax return processing time exceeds the expected timeframe, it may be worth contacting the IRS to inquire about any possible issues.

How to Check Your Tax Return Status

Checking the status of your tax return is a straightforward process. The IRS provides multiple options for tracking the progress of your tax return and refund. Here are some methods you can use to check your tax return status:

1. “Where’s My Refund?” Tool: As mentioned earlier, the “Where’s My Refund?” tool on the IRS website is a convenient way to track your refund status. You’ll need to provide your Social Security number, filing status, and the exact refund amount to access the tool. It will provide updates on the three stages of the refund process: return received, refund approved, and refund sent.
2. IRS2Go App: If you prefer to track your refund on your mobile device, you can download the IRS2Go app for iOS or Android. The app provides access to tools and features, including the “Where’s My Refund?” tool, allowing you to check your refund status on the go.
3. If you prefer to check your refund status over the phone, you can call the IRS Refund Hotline at 1-800-829-1954. Be prepared to provide your Social Security number, filing status, and the exact refund amount when prompted by the automated system.
4. Visit a Local IRS Office: If you prefer a face-to-face interaction, you can visit a local IRS office and inquire about the status of your tax return. However, it’s recommended to schedule an appointment in advance to ensure that you receive proper assistance.

Regardless of the method you choose, it’s essential to have the necessary information on hand, such as your Social Security number and filing status, to access your tax return status. Keep in mind that it may take some time for your tax return to be processed, so it’s advisable to wait a few weeks after filing before checking the status.

Additionally, be cautious of potential scams or fraudulent websites claiming to provide tax refund information. Only use official IRS resources and trusted methods to check your tax return status to ensure the security of your personal information.

By regularly checking the status of your tax return, you can stay informed and track the progress of your refund. If you encounter any issues or significant delays, it may be prudent to reach out to the IRS directly for assistance.

Common Reasons for Delays

While the majority of tax returns are processed smoothly and within a reasonable timeframe, there are instances where delays can occur. Understanding the common reasons for delays can help you identify potential issues and take appropriate action. Here are some common factors that can cause delays in the processing of your tax return:

1. Incomplete or Inaccurate Information: Providing incomplete or inaccurate information on your tax return can cause delays. Missing or incorrect Social Security numbers, mismatched names, and identification numbers, and errors in reporting income or deductions can trigger an extended processing time. Double-check your tax return for accuracy and ensure all necessary information is provided.
2. Math Errors: Simple math errors can also lead to delays. Incorrect calculations, misplaced decimal points, or miscalculations can result in discrepancies that must be resolved by the IRS. Review your calculations carefully or consider using tax preparation software to minimize these errors.
3. Claimed Refundable Credits: If you claimed refundable credits, such as the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), your refund may be delayed. According to IRS regulations, refunds containing these credits are not issued until mid-February to allow time for additional verification and fraud prevention measures.
4. Identity Theft or Fraud Concerns: If the IRS suspects identity theft or fraudulent activity on your tax return, it will initiate a verification process, which can significantly delay the processing of your return. Steps such as verifying your identity, submitting additional documentation, or resolving potential fraudulent activity may be required to resolve the issue.
5. Backlog or High Volume: During peak tax season or when the IRS is experiencing a backlog of tax returns, processing times may be delayed. Higher than usual volumes of tax returns can slow down the processing system, leading to longer waiting periods for refunds. This is more likely to occur if you file your tax return closer to the tax return deadline.

If you experience a delay in receiving your refund beyond the expected processing time, it may be worth contacting the IRS directly to inquire about the status of your return. They can provide further information or identify any underlying issues causing the delay.

Remember to be patient and allow adequate time for the IRS to process your tax return. Taking precautions to ensure the accuracy and completeness of your tax return can help minimize the chances of encountering delays.

Tips to Expedite Your Tax Return Processing

While the exact processing time for your tax return is ultimately determined by the IRS, there are several steps you can take to potentially expedite the processing of your return. Here are some helpful tips to help move things along more smoothly:

1. File Electronically: E-filing your tax return is generally faster than mailing a paper return. Electronic filing reduces the chances of errors and allows for quicker data processing. Consider using IRS-approved tax preparation software or working with a tax professional to ensure a smooth electronic filing process.
2. Double-Check for Accuracy: Carefully review your tax return to ensure that all the information provided is accurate and complete. Check for errors in calculations, missing or incorrect Social Security numbers, and any other potential mistakes that could delay processing.
3. File Early: Filing your tax return as early as possible may increase your chances of faster processing. By filing earlier in the tax season, you avoid the peak filing periods when the IRS receives a higher volume of returns. This can potentially expedite the processing of your return.
4. Choose Direct Deposit: Opting for direct deposit of your refund can significantly speed up the time it takes to receive your money. Direct deposit eliminates the need for a paper check to be mailed, saving additional processing time.
5. Be Aware of Tax Law Changes: Stay informed about any changes in tax laws or regulations that may impact your tax return. Being aware of new requirements or eligibility criteria can help you avoid potential delays or complications.
6. Respond Promptly to IRS Notices: If the IRS sends you a notice requesting additional information or clarification, respond promptly. Ignoring or delaying your response could cause further delays in the processing of your return.
7. Consider Using a Tax Professional: Working with a tax professional, such as a certified public accountant (CPA) or enrolled agent (EA), can help ensure that your tax return is accurately prepared and filed. They have the expertise to navigate complex tax situations and can help minimize errors or potential issues that could result in processing delays.

While following these tips may help expedite the processing of your tax return, it’s important to remember that each tax return is unique. Processing times can vary based on factors beyond your control. It’s best to be patient and allow the IRS sufficient time to process your return accurately.

By being proactive and taking steps to ensure the accuracy and completeness of your tax return, you can minimize the likelihood of encountering delays and potentially receive your refund sooner.

Conclusion

Understanding the process and timeline for receiving your tax return is essential for effective financial planning. While there are no guarantees on exactly when you will receive your refund, being aware of the factors that can affect processing time can help set realistic expectations.

In this article, we have explored various aspects of tax return processing, including the importance of meeting tax return deadlines, different filing options available, factors that can impact processing time, how to check the status of your tax return, common reasons for delays, and tips to potentially expedite processing.

By filing your tax return accurately and on time, opting for electronic filing, reviewing your return for accuracy, and choosing direct deposit for your refund, you can increase the chances of a smoother and faster processing experience. It’s also vital to stay informed about any tax law changes or updates that may affect your return and to respond promptly to any notices or requests from the IRS.

Keep in mind that processing times can vary due to factors beyond your control, such as the complexity of your return or the overall volume of returns being processed by the IRS. Therefore, patience is key when waiting for your tax refund.

Lastly, if you encounter significant delays or have concerns about your tax return, do not hesitate to contact the IRS directly for assistance or to seek advice from a tax professional.

By following these guidelines and staying informed, you can navigate the tax return process with confidence and ensure a smoother experience when it comes to receiving your tax return.