I filed my taxes on the 12th. I can't wait to get that money...over $7300. IIt's bought us a house. I changed my husbands W4 so he was taxed at a really high rate this year to ensure a big refund. I know I know it's an interest free loan to the government but you gotta do what you gotta do to save money. We are not savers so we used Uncle Sam. Anyhoo...back to my original question...Is there a specific say that the IRS issues direct deposits? Also, is a tax refund that high going to set off some kind of alarm causing a further delay? Anyone have any answers?
2007-01-14 07:01:10 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
For e-file returns accepted before 11 am on Thursday, January 18, the IRS has published that they will send the refunds electronically on January 26.
This is the first day refunds are scheduled to be sent out. No guarantees of course.
2007-01-14 12:03:55 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
Yes, the direct deposits are made on Fridays. Yours probably won't make next Friday, although it's possible, but should be there the following Friday.
The large refund won't set off any alarms. Don't worry about it. Lots of people do what you're doing.
2007-01-14 15:11:00 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
YES, anything over 5,000 gets checked.
Checks always get mailed out on a Friday, so you would approx receive them on a Tuesday.
I have direct deposit, so I get it on Friday, right away.
2007-01-14 15:09:25 · answer #3 · answered by kabmiller@verizon.net 4 · 0⤊ 0⤋
thats a good question. my family sounds like yours in the fact that we arent savers either. our refund is only $3500. not bad i guess. hopefully we will get our money soon!!
2007-01-14 19:38:33 · answer #4 · answered by storm_mitch 3 · 0⤊ 0⤋