How to Track Down Your Tax Refund

How do you file your tax returns? If you file your tax returns electronically then it is easy for you to track down your tax refunds.  In the past people struggled a lot to file their tax refund and the reason for this was because they has to visit the IRS of their states in order to know more about their tax refund.

Where does the tax refund come from?

Tax refunds are money that come as a result of overpaying of taxes to your federal government. This overpayment is what leads to a tax rebate or a tax refund as it is commonly known by many. It is advisable that you file your returns electronically because in this way you can be able to follow the progress of your tax rebate. Buy can also file your returns by mailing them to the IRS of your state or country. Some of the ways to use to track down your IRS are:

  1. Visit the IRS tool online “where ‘s my refund”

Before you decide to visit the IRS tool online ensure that you have your social security number because without it you cannot be able to track down your tax refunds. You also need to know the amount that your refund has and your filing status as well. You can do all this using the tool “where’s my refund” tool. What kind of responses do you expect from the tool? You expect responses like the date of mailing of your refund or direct deposit, a notice if the address you are using is not correct or an indication to show you that your returns are being processed.

  1. Call the IRS

In the past you had to call the IRS in order for you to track down the records of your tax refund. But today the internet has made it easy for everyone to track down his or her refunds buy use of the tool ‘where’s my refund’. If you use the online request to contact the IRS it is in order for you to wait for some time before calling them. What you also need to know about the IRS refund call number is that it differs from one country to the other.

  1. Contacting the electron tax preparation service of your country

In this case it will depend on process that you used to file your tax returns. If you electronically filed your returns using Turbo Tax then you are supposed to contact them so that they can assist you to track down your tax refund. There are several free apps today that you can download and use to track down your tax refunds.

  1. Checking of the account balance

This is the last thing that you should do after you have tracked down your tax refunds using all possible means. If you requested to be paid directly to your account then do not wait for your IRS to contact you but ensure that you check your account balance because your money might be there.

Last but not least, tax refunds assist us in many ways for example you can use them to put permanent projects or save the money and use it when you are supposed to use it. We are all advised to use our tax refunds well and in a proper way. For more information about taxes visit www.taxreturn247.com.au