Tax Refund Schedule – Dates and Ways to Prepare

In the introduction, I have emphasized the importance of tax planning. From time to time I will give you some practical information that will help you get the funds you deserve. I got asked from one of my followers about the tax refund schedule and I thought I might share with you some info about it. While I can’t tell you what would be your refund sum, I can give you one important tip – File it using a software program or with the IRS E-File. This will save you a lot of time and you will get the refund much quicker. Normally, the IRS issue refunds in less than 21 days. The tax refund schedule of direct deposit is usually 7 days shorter than the tax refund schedule of paper check mail, therefore, I recommend to choose the first option.

Tax Refund on Time
Tax Withholding Form

Tax Refund Schedule – This year’s data

Below you will find a chart which shows this year’s data, which should help you evaluate the length of the process  (source: The College Investor)

2019 IRS Tax Refund Estimated Calendar
Date Accepted Direct Deposit Sent Paper Check Mailed
Jan. 28 – Feb. 2, 2019 Feb. 15, 2019 Feb. 22, 2019
Feb. 3 – Feb. 9, 2019 Feb. 22, 2019 March 1, 2019
Feb. 10 – Feb. 16, 2019 March 1, 2019 March 8, 2019
Feb. 17 – Feb. 23, 2019 March 8, 2019 March 15, 2019
Feb. 24 – March 2, 2019 March 15, 2019 March 22, 2019
March 3 – March 9, 2019 March 22, 2019 March 29, 2019
March 10 – March 16, 2019 March 29, 2019 April 5, 2019
March 17 – March 23, 2019 April 5, 2019 April 12, 2019
March 24 – March 30, 2019 April 12, 2019 April 19, 2019
March 31 – April 6, 2019 April 19, 2019 April 26, 2019
April 7 – April 13, 2019 April 26, 2019 May 3, 2019
April 14 – April 20, 2019 May 3, 2019 May 10, 2019
April 21 – April 27, 2019 May 10, 2019 May 17, 2019
April 28 – May 4, 2019 May 17, 2019 May 24, 2019

How to prepare for your next tax refund application?

Preparing to your next tax refund application is pretty straightforward, look for the next IRS’s tax refund schedule, and apply on time. Make sure you have the following (Source: The IRS):

  • Proof of identification (photo ID)
  • Social Security cards for you, your spouse and dependents 
  • An Individual Taxpayer Identification Number (ITIN) assignment letter may be substituted for you, your spouse and your dependents if you do not have a Social Security number
  • Proof of foreign status, if applying for an ITIN
  • Birth dates for you, your spouse and dependents on the tax return
  • Wage and earning statements (Form W-2, W-2G, 1099-R,1099-Misc) from all employers
  • Interest and dividend statements from banks (Forms 1099)
  • Health Insurance Exemption Certificate, if received
  • A copy of last year’s federal and state returns, if available
  • Proof of bank account routing and account numbers for direct deposit such as a blank check
  • To file taxes electronically on a married-filing-joint tax return, both spouses must be present to sign the required forms
  • Total paid for daycare provider and the daycare provider’s tax identifying number such as their Social Security number or business Employer Identification Number
  • Forms 1095-A, B and C, Health Coverage Statements
  • Copies of income transcripts from IRS and state, if applicable

But preparing for a tax return, is not tax planning. You know by now that I am a big advocate of Not Paying Taxes Legally. I will share more insights about how I’ve managed to save more than $100K a year using a tax benefit we’ve received in our company. Meanwhile, I want to recommend a great source to get you into this mindset. The guys from AxeTheTaxes are doing an amazing job and help you keep your rights and pay less taxes. Their free test is a good place to start.

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