It’s that time of year again – time to get your refund! Whether you’re receiving a federal or state refund, tracking it down can be painful. Like most people, you probably don’t have time to track your federal and state refunds. But there’s no need to be frantic – you can get your refund in a snap! Here are some tips on how to track your federal refunds in a snap:
Federal Taxes:
To get a refund from the IRS, all you need is a W-2 form from your employer. You can find out if you have one by checking the “Wage and Tax Statement” section on IRS.gov. If you don’t have a W-2 form, or if it’s lost or damaged, you can still get a refund by filing an IRS Form 4868, claiming an exemption for dependents, or using the Free File Tax Software available at IRS.gov and participating tax preparers.
1. Use an online refund tracking service. These services will send you an email or text message every time your refund is processed, so you’ll always know where and when you’ll receive it. Log into the IRS website and look for “Your Refund.”
2. Click on “View Your Refund Status” and print out the confirmation page if there is one.
3. Compare your refund amount with the amounts from your tax return forms. Contact the IRS or your state revenue agency if there are any discrepancies.
4. Record all dates and transactions related to getting your refund – this will help you keep track of when it was sent to you, when it was received, etc.
5. Keep a paper copy of your refund check stub and bank statement. If the bank process your refund electronically, they may also send you an email or text message confirming the transaction.
State governments offer a variety of ways to get your money back, and most have processing times that are much shorter than the average federal refund. In most cases, you can receive your check or deposited funds within about two weeks of filing your return.
Here are tips for getting your state refund in a snap:
1. Check the status of your return online. Most states offer an online returns portal that will let you view the status of your return from start to finish. You can also print out a copy of your completed tax form if you need to submit it with your return.
2. Try e-File if You Can. Many people prefer e-File because it’s faster and easier than filling out paper forms. However, not all state refunds are processed this way.
Conclusion
In conclusion, knowing how to track your federal and state refunds is an integral part of filing your taxes. The IRS provides online tools to help, like the Refund Status Check tool on IRS.gov. So be sure to check it often to stay on top of your refund’s progress. Finally, if you need assistance filing your taxes, a tax professional can help you get the most out of your refund.
