We filed taxes 2 weeks ago and I went to the website and they said that we would get out taxes by Feb 27 is this an estimate. It is going to be direct deposited why so long! Is this just an estimate.
2007-01-26 01:58:05 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Because the IRS works in conjunction with other Federal Agencies, Including Banks to verify that a taxpayer doesn't have outstanding Fed Debts such as Student Loans, VA, Bankruptcies, Child Support. Also, because so many people get those "pre-file loans", the IRS has agreed to cross collect from one tax/loan provider to the next.
If your filing status has changed from the previous year or dependents claimed or dropped, it can be that your return is getting closer scrutiny.
Good Luck & Blessings
2007-01-26 02:19:19 · answer #1 · answered by Wood Smoke ~ Free2Bme! 6 · 1⤊ 0⤋
It is an estimate, they have to double check and make sure your taxes were completed properly, they don't want to over pay or under pay anyone on their returns. It normally takes 4- 6 weeks for the government to process your taxes. They want to make sure you don't owe them any money, back taxes, back child support, old student loan money. Also if they tell you that you'll get your money on Feb. 27 and you get it Feb. 20 you'll be happier then if they say Feb. 20 and you don't get them until Feb. 27, you'll be pretty mad.
2007-01-26 10:20:35 · answer #2 · answered by froggi6106 4 · 0⤊ 0⤋
If you filed for DD, it's possible that there is some sort of hold-up on your return. Normally filing this early will get you your refund in 2 weeks or less, often much less. Yes, the status on the website is just an estimate.
2007-01-26 10:04:35 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Only you can answer the question of if its going to be direct deposited.
The reason it takes so long is that the IRS is overburdened, while simutaneously being undermanned, especially at this point of the year.
2007-01-26 10:05:46 · answer #4 · answered by M O 6 · 1⤊ 0⤋