If your IRS direct deposit is still in the pipeline, don’t worry as you’re not feeling left out. The process that has already seen millions of Americans enjoying their 2024 tax refunds is still going on with a high number of people who are still waiting patiently and checking their bank accounts for updates. Now the question is will they get their money the same week the IRS direct deposit seems to be ranging from June 2 to June 8 for those who are qualified?
The term “IRS direct deposit” is getting quite a recall this month, and there is a reason for that. As we go deeper into June, those taxpayers who filed in mid-May or sent their paper returns earlier in the spring are getting impatient and are still following up on the status of their refunds. What could be the possible reason for the delay?
What Makes the Refund Never Show Up on Your Bank Statement
Your IRS direct deposit has a lot of chances to be late in June due to a number of causes. First, the timing of your submission is the main factor that influences the outcome. Those who submitted electronically around the middle of May may still be abiding by the 21 days which the IRS typically needs to process e-returns. The situation for your return, which has been taken aside for inspection—like to a new address, a name change, couples who married, or a missing form—might, however, indicate a delay of a longer period of time for receipt of the money.
People who mailed their returns in the month of April have to exercise patience and wait a bit longer. The third fillers should wait 6 to 8 weeks for processing and direct deposits will follow suit. Even after the IRS processes the refund, it may take a maximum of five business days for your bank to make it available to you.
Estimated Deposit Dates Based on Filing Date
Here are the this-week expectations for direct deposit dates in case you have filed electronically in the middle of May:
- Filed May 12: Expected deposit June 2
- Filed May 13: Expected deposit June 3
- Filed May 14: Expected deposit June 4
- Filed May 15: Expected deposit June 5
- Filed May 16: Expected deposit June 6
- Filed May 17: Expected deposit June 7
- Filed May 18: Expected deposit June 8
These are the respective windows when a faster or direct way of getting the money could have been applicable if your refund was not involved in the review and confirmation process.
However, please note it has not arrived by Friday or this upcoming Monday, then the likelihood of a delay but not denial or missing is very likely.
How Paper Filers Are Affected
In the event that you filled out a paper form in April, your refund might as well be landed between June 2 and June 8. For example, a return filed on April 21, is around the end of the sixth week of processing on June 2. If it was filed on April 24 or April 25, it is likely that the refund will be sent at the end of this week or in the beginning of next.
It should be noted that not only will the money possibly not arrive during the weekend, but it may also take a few extra days due to mail delays. Therefore, e-filing and selecting direct deposit is still the quickest way to receive your refund.
Average Refund Amounts Are Still Strong
For this month, the average IRS direct deposit refund is about $3,034. A lot of taxpayers who received this kind of refund were among the first to file but they either needed detailed revision or even manual. In the event of a lower-than-expected refund, the taxpayer should examine the income, deductions, and credit amounts again. In case your refund is still pending, it normally pays to wait within the business days of the coming week for the result.
What to Do If You’re Still Waiting
If your refund didn’t come by June 9th, the smart move is to go online and check your refund status. Your payment details and deposit confirmations come from the IRS once the payment has been scheduled. Just remember to have your Social Security number, filing status, and exact refund amount with you when you are checking the status.
The majority of running behind refunds for long weeks are not a result of serious reasons, but simply from the point of non-violation of the debt. One of the most important tasks is to be aware of the status of your refund and to ensure that the information for the deposit is correct. The current batch of IRS direct deposits is still being made, most of them between June 2 and June 8, so your money may not be very far off.
