Your income tax refund can never come too quickly, and the Internal Revenue Service and Minnesota Department of Revenue are fully aware.
Both tax collectors say an electronic path is the fastest for refunds. File your return online and then have them send the refund directly to a bank account. That way, you won’t have to wait for a check to be printed and mailed.
How much faster does the refund arrive? MN Revenue now says individual taxpayers can start checking for it about 72 hours – or once 3 days have passed – after filing a return online. Compare that with six weeks, which is the recommended wait time for a paper return. Those wait times don’t mean the refund will be delivered to the bank account yet, but they do allow tracking.
MN Revenue is touting improvements to its “Where’s My Refund?” service at its web site. Find it at www.revenue.state.mn.us/individuals/individ_income/pages/draft-wmr-context-page.aspx .
Its main feature is a big, blue button. Click that and you start tracking. You’ll need to enter your Social Security number, birth date and the refund requested on the tax return. (We should note that all this only works for returns filed in the last 12 months.)
The remake is designed to be simple. One feature, called “When Can I Expect My Refund?”,
shows the location of the return in the processing system. Once processing is completed, it reports the date the refund was sent.
The IRS also has a “Where’s My Refund.” See https://www.irs.gov/Refunds .It’s faster. You can begin tracking 24 hours after an electronic filing and four weeks after a paper return is mailed. But the IRS also says not to start inquiring about a refund for at least 21 days and six weeks respectively.
Like many tax preparers, we at EricJohn Ltd., are experienced in filing returns online and tracking them for your speedy refunds. Call us for more information!