2020 Federal Income Taxes

[JEBar]

just checked again and was delighted to see our Federal Return has been accepted .... now the wait for our refund to be deposited begins ....

[Hatchdog]

Turbo Tax sent me an email yesterday saying my return has been accepted by the IRS.

[Jerrysea]

Turbo tax advises approx. 3 weeks for refund after IRS acceptance of return.

[JEBar]

Turbo tax advises approx. 3 weeks for refund after IRS acceptance of return.

info appreciated .... we've been wondering about it

[dave77]

Turbo tax advises approx. 3 weeks for refund after IRS acceptance of return.

info appreciated .... we've been wondering about it

My return was accepted last Wed., refund was deposited to my account this morning so 9 days.

My return is pretty simple, Social Security, a couple of pension 1090's, std. deduction and did get a tax credit for the rest of the stimulus checks. Don't know if how complicated your return is affects how long it takes.

[JEBar]

info appreciated .... ours was accepted on the 13th so for us 9 days would be this coming Monday ...

[2ffat]

We use TurboTax and filed this past week. Fed tax was accepted in less than an hour. State tax, however, was a pain. After three days, we got a notice that the state had rejected our filing due to a "software error." Friday I did another software update and refiled. This time the state accepted it. Moral of the story is reputable companies will stand by their programs and fix what needs to be fixed to help you with your taxes.

[RudyN]

I just mailed back the form so that my tax preparer can e-file both the Federal and State Tax Returns.

[Jerrysea]

Tax return received today. Less then two weeks since filing.

[JEBar]

our Federal Refund was deposited in our account sometime last night .... 10 days from being accepted

[John E Davies]

I filed early using Turbo Tax, the deposit of my refund was made on 02/24/21. That is pretty fast.

John Davies
Spokane WA

[MuddyWaters62]

I filed mine also with Turbo Tax, and it was accepted within a hour of filing. We will also get credit for the rebate. So now we wait. So far we are pleased with Turbo Tax. We have used them for several years. We don't have a state income tax here in Texas. They have their ways to drain your wallet.

Muddy Waters 67

[Hatchdog]

We received our refund on the 22nd, 10 days after our return was accepted by the IRS. I have used Turbo-Tax for years from going long form to today’s simple 1040. Only reason I couldn’t file for free is my wife has an account from her inheritance from her mom that paid too much interest so had to pay the $40 or so Turbo Tax fee. Good problem to have......

But wait there’s more.......

We get an email of what will be delivered by USPS and today’s email shows a letter from the IRS. Boy, sure hope they don’t audit our simple tax return done by Trubo Tax. If so, it will go down as the fastest audit in history. Can’t accuse me of cheating on my deductions since I didn’t have any. Ha!

[JEBar]

we haven't qualified for any deductions in several years .... doing our taxes is about as simple as they come ... 2 sources of income from NC State Retirement and 2 from social security .... all 4 income statements are from government offices .... no deductions .... like I said, pretty simple

[Hatchdog]

But wait there’s more.......

We get an email of what will be delivered by USPS and today’s email shows a letter from the IRS. Boy, sure hope they don’t audit our simple tax return done by Trubo Tax. If so, it will go down as the fastest audit in history. Can’t accuse me of cheating on my deductions since I didn’t have any. Ha!



As expected it was nothing. Just some information concerning the second stimulus check which we received way back when.

[fortyshooter]

Well Turboed my taxes this afternoon and glad that is done. I got audited back in 1986 and as the IRS letter stated it was a random audit.
A cold February day just after a snow/ice storm and the agent shows up in a van in my driveway. He was confined to a wheelchair and all went fine until he was ready to leave and I had to get him in his wheelchair down the front icy steps and sidewalk.
Well there was this pine tree just off the sidewalk straight ahead and you guessed it....he got away from me and into the tree!!
He said he was fine and stuff like that happens as I was sweating bullets about my return! Anyway 2wks later the local IRS office called to tell me my return was 100% correct. What a huge relief that was!

[Shakey Jake]

I'm still waiting for 1099's. Seems like they come slower every year. I'm almost tempted to file without them and then do an amended return. There are deadlines for them to be mailed but seldom enforced so companies do what they please. Still waiting for the wife's 1099 from ETS and the 1099S for the sale of mom's home.
Jake

[JEBar]

from what we've been hearing most Federal refunds are being deposited 7 to 11 days from the time they were accepted .... that seems to me to be a quicker turnaround than last year

[CT_Shooter]

Not complainin'; just wonderin'.

My electronic 1040 was accepted on Feb 13. The "Where's my Refund" website confirms they have it and reports that it "...is still being processed". I spoke with an IRS rep last Friday who said "data was being verified". Really?

I literally have four 1099-INTs and two 1099-Rs all totalling less than $5K. Until I'm required to withdraw money from my IRAs and 401Ks next year, my only other income is SS. I have zero deductibles and, after the standard deduction, my 2020 AGI was a whopping $5K.

I lead a very simple life and have no debt, so I don't need the refund (that I will eventually get), but I've never had to wait this long before.

I'm thinking they should really be looking at someone else's data. Seriously. I can suggest a short list of names that should keep them very busy.

[JEBar]

when it comes to filling out our taxes, ours (like yours) is about as simple as it can get .... our income is from 2 state retirements and 2 social security .... no deductions .... no clue why they would need to spend a second reviewing yours .... sounds like a possible computer glitch