Average Federal and State Tax Refund 2022-23: According to irs.gov, when you file a tax you will be able to get your refund within 8-21 days. As per the latest news the IRS might even take over 6 months to provide the tax filers with refund subject to their tax filing date. In this article we share all the latest updates on the refund date and amount. These refunds are very important for people who have filed taxes with their hard money. Now that we are in a place where tax season is at its peak, some of them have done proper tax filing and are waiting for returns and others are currently planning to make it as tax filers on time! To know about your Average Federal and State Tax Refund Processing Time, keep reading.
Tax filing is a very complicated time, the tax rates, and the refunds and we are not focusing on the different aspects of how to make this season the best possible way. We need to make sure that all the details on the refund dates are clear to you as the IRS Stimulus Payments are on their way soon. We are now trying to make sure that all our readers are doing the best they can and as you read these details will be very helpful in keeping a check on the Federal and State Tax Refund Processing Time.
When the refund was introduced about the State Tax Refund, people finally got a chance to save up and increase their savings amount. Now that the filings have been made the people want to know about the refunds and we have all the information you need to know.
Average Federal and State Tax Refund 2022-2023
Two bodies manage your taxes, one is the state and one is the central government. While you can be in any state, you will always be regulated finally by the IRS. The Internal Revenue Service is the key regulating body under which all the taxes are filed, and all the applicants get a chance to get the best of their refund updates. Your account created on the IRS portal is your gateway to each update.
In the table below we are sharing all the details with regard to the dates of your refund as the tax filing season reaches a final stages.
| Date of Filing | Date of Recieving | Date of Refund |
| March 20 | April 7 | April 14 |
| March 27 | April 14 | April 21 |
| April 3 | April 21 | April 28 |
| April 10 | April 28 | May 5 |
| April 17* | May 5 | May 12 |
In this article, we will try to cover all the aspects of the IRS Portal and the Dates of US Tax Refunds, keep reading. For all of you who want to know about the IRS Refund, keep reading as we share an overview box on the basic details of the IRS and make sure that you are all equipped with your credentials.
Average Federal and State Tax Refund 2022-2023 Overview
| Average Federal and State Tax Refund Processing Time Overview | |
| Name | Average Federal and State Tax Refund |
| Category | Finance |
| Organiser | US Government |
| Year | 2023 |
| Payment Type | IRS Tax Refund |
IRS Average Yearly Tax Refund
The yearly tax payments under the IRS scheme of refund have not been too many. Ever since the pandemic the government realized that many had to fall back on their savings and were not in a place to make things happen. This refund was given to make sure that the loyal taxpayers get a certain extra sum to improve their savings and those who struggle to make ends meet also get a chance to make things work out for them.
IRS refunds are a very smart scheme as the taxpayers are the only ones who get the refunds and anyone who doesn’t pay or does fraud will on itself be motivated to act right too. This is because the taxpayers are eager for their refund. The average refund numbers which have been calculated over time in terms of IRS refund payments have been mentioned in the table below.
|
Tax Season (2022-23) |
Average IRS Refund |
| 2022-2023 (est) | $2,550 |
| 2021-2022 | $3,293 |
| 2020-2021 | $2,882 |
| 2019-2020 | $2,546 |
| 2018-2019 | $2,870 |
When Can I Expect My Refund?
The ideal time to receive your refund you will be getting the refund in your account within 8 – 21 days of the filing, if you do not get your refund you need to make sure that all the details on the details are being worked on properly.
So make sure that you get a chance to work on the IRS official portal link at the bottom of this article, where once you log in with your social security number or the taxpayer’s number and you will be able to see the current status of the refund. Also, make sure you keep checking throughout the day because it is very important for your information to know what is happening.
You can also check out these Articles
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- Federal Tax Refund Schedule 2023
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- Child Tax Payment for March 2023
- Average Federal and State Tax Refund
- Cash App Payment Pending Problem Fixed
- Where is My New Jersey State Tax Refund
- How to File New Jersey State Tax Return
Please note Those who have either filed on paper or are awaiting the cheque in your mail need to wait up to 4 – 6 weeks. As the tax filing and refund is on paper will take more time than the other methods. But worry not, if none of these are your reasons its probably because your details are being cross-checked
Should I Call IRS If I Haven’t Received a Refund?
No, calling the IRS will not help you track your refund status. The best option is to check on the Where is my Refund portal of the IRS. This portal will have better information for you. The contact persons on the official page do not have any information on the IRS State Tax Refund.
When to expect your State Tax refund?
Once you get an update on your portal that your refund has been approved then a timeline of 30 days starts within which you will be given your refund. The ideal waiting time for the IRS State Tax Refund is one month after the approval. You can check the approval status on the IRS Where is my Refund Portal to get daily updates?
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