What time does hr block deposit tax refunds

If you did not use direct deposit for your refund, the IRS will begin mailing approximately 5 million checks weekly starting next week beginning with households with the lowest adjusted gross incomes.

— H&R Block (@HRBlock) April 17, 2020

Once you’ve gone through the burdensome process of filing your taxes, your sigh of relief might be short-lived. That’s because you’ll likely be wondering, “How long does it take to get a tax refund?” But as excited as you may be to get that refund check from your federal income tax return, you may be disappointed with IRS processing times. So as you plan your budget for the year, you should know how long it will take to get your federal tax refund. If you want to go beyond taxes and build a comprehensive financial plan for your future, a financial advisor can help you put a financial plan together.

How Long Will My Tax Refund Take?

When you get your tax refund will depend largely on how you file your return. The fastest option is to e-file your return and to receive your refund via direct deposit. For 2021 taxes, which you will file in 2022, the majority of taxpayers who choose this option will receive their refunds within 21 days. That means your bank will have your refund within three weeks from the day the IRS accepts your tax return. Then it may take up to a few additional days for your bank to make the funds available to you.

If you file a paper return or if you want to receive your refund as a paper check, your return will take longer to process. Filing a paper return and receiving your refund as a paper check will take the longest to process at two months or more. So if you’re inclined to sit around asking, “How long does it take to get a tax refund?” you might want to consider e-filing, or at least direct deposit.

The table below will give you an idea of how long it typically takes to get a tax refund:

Federal Tax Refund ScheduleTime from the day you file until you receive your refund*1-3 weeks3 weeks1 month2 months

*Note that these are just guidelines. Based on how you file, most filers can generally expect to receive a refund within these time frames.

For reference, here’s a detailed breakdown of when taxpayers received their refund in 2021:

2021 IRS Refund ScheduleWeek of February 13February 26March 5Week of February 20March 5March 12Week of February 27March 12March 19Week of March 6March 19March 26Week of March 13March 26April 2Week of March 20April 2April 9Week of March 27April 9April 16Week of April 3April 16April 23Week of April 10April 23April 30Week of April 17April 30May 7Week of April 24May 7May 14Week of May 1May 14May 21Week of May 8May 21May 28Week of May 15May 28June 4Week of May 22June 4June 11Week of May 29June 11June 18Week of June 5June 18June 25Week of June 12June 25July 2Week of June 19July 2July 9Week of June 26July 9July 16Week of July 3July 16July 23Week of July 10July 23July 30Week of July 17July 30August 6Week of July 24August 6August 13Week of July 31August 13August 20

Tax Returns That Include the EITC or ACTC

If you claimed either the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), you may have to wait a bit longer for your refund. Law requires the IRS to hold refunds from these returns until February 15. You shouldn’t expect the refund to hit your bank account until late February, according to the IRS. If you don’t elect for direct deposit or if there are problems with your return, you can expect the refund to take longer.

How to Check Your Tax Refund Status

Are you the sort of person constantly wonders, “How long does it take to get a tax refund?” If you want to check the status of your federal tax refund, you can use the Where’s My Refund? on the IRS website. You can also access that tool on the IRS2Go mobile app. Your return’s status will usually be available within 24 hours if you file electronically. If you mailed a paper return, it will take at least four weeks before you can check the status of your return.

You’ll need three pieces of information to check your return’s status:

  • Your Social Security number (SSN)
  • Your filing status
  • The exact dollar amount of your expected refund

If you filed a return with the EITC or ACTC, the IRS says you can expect your refund status to update by late February.

Bottom Line

How long it takes to get your tax refund will depend on how and when you file your tax return. The best way to get your refund quickly is to e-file your return and elect to receive the refund by direct deposit. For the 2021 tax year, the IRS has said that the vast majority of e-filers (who also use direct deposit for refunds) will receive their refund within 21 days.

Sending a paper return or receiving your refund as a paper check will potentially slow down processing by months. The IRS also processes returns more slowly at the beginning and end of the tax season. That’s because the majority of taxpayers file during those times.

How long does it take H&R Block to deposit your refund?

When will my refund arrive? If you e-filed your return and chose direct deposit to receive your refund, you'll usually receive your refund in 8-15 days. However, you should allow an extra 1-5 business days for your bank to process the funds.

What time does refund go on Emerald card?

If you file your tax return electronically and elect to receive your tax refund on your H&R Block Emerald Prepaid MasterCard®, another pre-paid debit card owned by you, or your personal bank account, you can expect your refund within 21 days after IRS acceptance*.