The bottom line is that if you receive a message indicating you should reference Tax Topic 152, there is no need to panic. Your refund will likely continue to process, but it may take a little longer than expected.
Refunds from amended returns are generally issued within 16 weeks. Please note that due to COVID-19 processing delays, it's taking us more than 20 weeks to process amended returns. If you filed an injured spouse claim, refer to Topic No. 203 for more information.
Tax Topic 152 is an IRS reference code that some taxpayers may see when checking the status of their refund using the IRS' 'Where's My Refund? ' tool. Although Topic 152 doesn't require the taxpayer to take additional steps, your return may require further review and it could take longer than the typical 21 days.
Tax Topic 152 is an alert that tells you that your tax refund might be delayed as a result of several common reasons. These may include submitting your return late, filing an amended return, or claiming Earned Income Tax Credit. It's nothing to worry about and does not require you to pursue any additional steps.
One of the more common questions refers to Topic 152, and this simply means that you are going to get a refund. The IRS has said in their guidelines that 90% of tax filers should get their refund within 21 days of filing this year, and it's worth bearing in mind that these are normal days, not 'business days'.
This topic means the tax filer is under an IRS fraud alert and are being subjected to an audit followed by a Identity or fraudulent return review. This is something you will need to work with the IRS for to resolve, who will send a you a formal notice with details on the fraud alert.
It just means that the IRS is still processing your tax return. If you should receive a refund, you will be provided with a date when it will be issued as soon as it is available.
Tax Topic 152 simply means that your tax return is being processed. This also implies that if you see IRS Tax Code 152, then the government or IRS has not approved or rejected your refund. So, in essence, IRS code 152 gives refund information. In a few instances, your return status may take a while to be updated.
Does the irs make direct deposits throughout the day or just in the am or pm? Normally they sent to your bank between 12am and 1am. That does not mean it will go directly into your bank account. You bank can take up to 5 days to deposit it but normally it only takes a few hours.
IRS Refund Schedule for Direct Deposits and Check Refunds
They now issue refunds every business day, Monday through Friday (except holidays). Due to changes in the IRS auditing system, they no longer release a full schedule as they did in previous years.
If you were showing Tax Topic 152 simply means your return is still in the processing stage and topics and bars disappearing means the process is moving along. In regards to a refund delay, please see this Help Article which explains certain instances this can happen.
Section 152(c)(1) defines a “qualifying child” of a taxpayer as an individual who: (A) bears a certain relationship to the taxpayer, (B) has the same principal place of abode as the taxpayer for more than one-half of the taxable year, (C) meets certain age requirements, and (D) has not provided over one-half of his or ...
They tend to go out in the early morning (usually around 6am EST), so if it has not been deposited to your account by early morning it generally will not be deposited that day. When the status of your refund is Refund Sent, it means the IRS has sent your refund to your financial institution for direct deposit.
Once your return is accepted, you are on the IRS' refund timetable. The IRS typically issues refunds in less than 21 days after your e-filed return is accepted. You can use the IRS Where's My Refund? tool or call the IRS at 800-829-1954 to check on the status of your refund, beginning 24 hours after you e-file.
We issue most refunds in less than 21 calendar days. However, if you filed on paper and are expecting a refund, it could take six months or more to process your return. Where's My Refund?
Absolutely. WMR only updates once every 24 hours though. If you check it more than 5 times in a day, it actually kicks you out until the following day.
There might be some identity verification issues. If there are errors found on the tax return, the IRS issues you a letter, and the return is put back to still processing status.
First, they look for things like back taxes and unpaid child support. If they find any debts, they'll offset (reduce) your refund to cover the outstanding amount. Once they are satisfied that you have no outstanding debts, they will approve and then issue your refund.
Do NOT have charges pending in your account that depend on these funds until they are deposited, the government works at it's own pace and can deny the claim, even after it is accepted (although that is also unlikely). The government never processes refunds on Saturdays or Sundays, or federal holidays.
Reasons Your Tax Refund Can Be Delayed
Missing information. A need for additional review. Possible identity theft or tax fraud. A claim for an earned income tax credit or an additional child tax credit.
After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.