TDS Refund Status - How to Check Income Tax Refund Status? (2024)

FAQs

TDS Refund Status - How to Check Income Tax Refund Status? ›

If you file online and set up direct deposit, you can expect a refund within 21 days. You can check the status of your return and any refund 24 hours after e-filing by visiting the IRS website or IRS2GO app.

Telephone access. If you don't have Internet access, you may call the refund hotline at 800-829-1954 to check on your tax year 2023 refund. To check on an amended return, call 866-464-2050.

You can check the status of your current year refund online, or by calling the automated line at (410) 260-7701 or 1-800-218-8160. Be sure you have a copy of your return on hand to verify information. You can also e-mail us at taxhelp@marylandtaxes.gov to check on your refund.

In order to maximise your Income Tax refund you need to meticulously plan your tax saving investments. The most commonly claimed deductions are under Section 80C, which includes investments like PPF, NSC, NPS and life insurance premiums, among others.

Once accepted, your tax return follows the IRS payment schedule, and only they have the status of its processing, whether you owe taxes or expect a refund. For electronic returns with direct deposit, IRS refunds typically arrive in bank accounts within 21 days of approval.

1) Pay the Income tax again: - If the employee doesn't claim the TDS credit while filing the ITR, then he will have to pay the Income Tax again on the Salary Income. The employee will face a double whammy of tax; first at the time of TDS deduction and second at the time of filing ITR.

By filing the ITR form, you can claim the TDS refund on a fixed deposit. Remember, if your annual income is less than the taxable slab, the tax will not be deducted from your fixed deposits.

If your ITR is processed but refund is not issued, it will show status 'Processed with refund due'. It normally takes 20 to 45 days after the ITR processing to receive the refund amount.

What number is 800 829 0922? ›

Keep in mind that any interest you receive on tax refunds is considered taxable income during the year you receive it. Call us at 1-800-829-0922 to review your account with a representative. Be sure to have your account information available when you call.

Getting help from Direct File customer support

If you need help while you're filing your return in Direct File, real-time live chat support from an IRS customer service representative will be available, with an option for a follow up phone call from an IRS assistor where needed.

The US Postal Service's tracking tool can help you find out exactly when your refund check will arrive.

The comptroller's office cited some common reasons for delays in receiving refunds for the 2023 tax year. They include:Your tax return contains errors, mathematical mistakes or other incorrect line entries. Your tax return is missing W-2/1099 forms or other missing forms or schedules.

Why is my refund taking so long? A refund will take longer if you file by mail or don't select direct deposit. In addition, if the return is more complex or corrections are needed, it may slow the process down.

Tax season began on Jan. 29, 2024, when the IRS started accepting and processing 2023 tax returns. As of the week ending March 8, the agency has processed about 62 million returns and issued more than 43 million refunds. To date, the average refund issued in 2024 is $3,145.

Once ITR is filed, it takes 3-6 months for the TDS refund amount to be credited into the taxpayer's linked bank account. It must be noted that the TDS refund time taken to refund the excess TDS amount depends on the swiftness of e-verification.

Taxpayers can track their refund using "Where's My Refund?" on IRS.gov or by downloading the IRS2Go mobile app.

Answer: Once the assessee has filed his/her income tax return and verified the same, income tax refund if any refundable to assessee will be issued to him usually within a month after his income tax return is processed with refund and intimation u/s 143(1) has been received.