Tax season for 2025 has kicked off with the IRS accepting income tax returns starting January 27th. While many dread the process of filing taxes, most Americans eagerly anticipate receiving their tax refunds. The burning question on everyone’s mind is usually, “When will I get my tax refund?” While an exact answer is challenging to provide, based on various factors and the expertise of CPA Practice Advisor, we can offer a reliable estimate.
If you have a straightforward tax situation, such as a job with a W-2 form, perhaps some additional income like 1099 forms, and basic deductions like child tax credits, the refund process should be relatively smooth for you.
For those with more complex financial situations, involving assets, marriage, divorce, children, retirement, real estate, or foreign assets, seeking guidance from a tax professional like a CPA or EA is crucial to ensure compliance with tax laws and maximize available deductions.
The timeline for receiving your tax refund depends on several factors like when you file your return, the presence of certain credits like the Earned Income Tax Credit (EITC) or Child Tax Credit (CTC), and whether you e-file or mail your return. Generally, direct deposit refunds can be expected within 10-21 days of the IRS accepting the return, often by mid- to late February for early filers.
It’s essential to file your tax return promptly once you have all necessary documents to expedite the process. E-filing typically results in quicker refunds compared to mailing paper returns. Additionally, various tools like the IRS website’s “Where’s My Refund” feature or the IRS2Go app can help track the status of your refund.
For those unable to file their taxes by the April 15 deadline, filing an extension using Form 4868 grants an automatic extension until October 15. However, any taxes owed must still be paid by April 15 to avoid penalties.
Overall, using a professional tax preparer can provide accurate estimates of refund dates, ensure proper filing, and potentially maximize refunds. By staying informed, planning ahead, and seeking professional assistance when needed, taxpayers can navigate the tax season with confidence and ease.