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Tax filers won't have to wait too long to either see their IRS tax refund deposited electronically into their bank accounts, or to receive a paper refund check in the mail.
Santa Barbara Tax Products Group processes tax refund-related financial products on behalf of University National Bank, [5] [6] servicing U.S. taxpayers through partnering tax professionals including Jackson Hewitt Tax Service, [7] and online tax preparation software providers including Turbo Tax. [8] [9]
According to the IRS, the average tax refund for 2023 was $2,753 as of April 21. While this figure is down about 10% from the average refund from last year, it’s still a significant amount of money.
If you don’t receive a refund within 45 days of this year’s April 18 filing deadline — which would be June 2 — the IRS will owe you interest on the refund. More From GOBankingRates
In India, there is a provision of refund of excess tax along with interest. For claiming a refund one has to file the income tax return within a specified period. However, under Sections 237 and 119(2)(b) of the Income Tax Act, the Chief Commissioner or Commissioner of Income Tax are empowered to condone a delay in the claim of a refund. [15]
In order to track your refund, you’ll need to provide your Social Security number, tax filing status and expected refund amount. The IRS says that most tax refunds are sent out in less than 21 ...
In January 2010, the company sold its Refund Anticipation Loan and Refund Transfer business to Santa Barbara Tax Products Group for $10 million. [5] In April 2010, Gerald J. Ford bought a 91% stake in the company for $500 million. [6] [7] On December 1, 2012, the bank was acquired by MUFG Union Bank for $1.5 billion. [8]
To see your refund’s status, select “Check the status of your 2023 original income tax refund,” then enter your Social Security number and refund amount. Why is my refund delayed?