When Will I Get My Tax Refund This Year?
Each year, tens of millions of people collect tax refunds from the IRS, and this year, 61% of Americans expect to receive one, according to tax prep company Jackson Hewitt. But the matter of how soon your money will be in your hands hinges heavily on when you submit your return to the IRS, how you submit it, and the specific tax credits you claim on it.
The Internal Revenue Service recently announced that it will begin accepting tax returns on Monday, Jan. 27. You have two options in that regard -- file electronically, or submit a paper return.
Taxpayers are generally advised to go the electronic route, and for a couple of reasons. First, the error rate on these returns is much lower than for paper returns, which means you're less likely to make mistakes that delay your refund or get your return rejected. Secondly, you'll typically get your refund much faster if you file electronically.
Source Fool.com
