What day of the week does IRS deposit refunds?

Answered by Jarrod Smith

As someone who has personally dealt with the IRS refund process, I can provide you with some insights. In the past, the IRS used to release a full schedule for refund deposits, indicating specific dates for when refunds would be issued. However, due to changes in their auditing system, they no longer provide this detailed schedule.

Currently, the IRS issues refunds every business day, Monday through Friday. This means that refunds can be deposited into your bank account or mailed out as a check on any of these weekdays. It’s important to note that weekends and holidays are excluded from this schedule.

In my experience, the timing of your refund deposit can vary based on a few factors. First, it depends on how you choose to receive your refund. If you opt for direct deposit, the IRS will typically process and deposit your refund faster than if you choose to receive a paper check. Direct deposit is generally the quickest way to receive your refund.

Additionally, the timing of your refund can also be influenced by the accuracy and completeness of your tax return. If there are any errors or discrepancies that require further review, it may delay the processing and issuance of your refund. This is why it’s crucial to double-check your tax return for any mistakes before filing.

It’s worth mentioning that the IRS has a tool called “Where’s My Refund?” on their official website. This tool allows you to track the status of your refund and provides an estimated date of when it will be issued. I found this tool to be quite helpful in keeping track of my refund progress.

The IRS now issues refunds every business day, Monday through Friday, excluding weekends and holidays. The timing of your refund deposit can vary depending on factors such as your chosen refund method and the accuracy of your tax return. Utilizing the IRS’s “Where’s My Refund?” tool can provide you with updates and an estimated refund issuance date.