Thursday, December 15, 2011

About what time will the irs direct deposit my tax return?

the irs website said my return is due to be deposited today..anyone know about what time it will be submitted??|||Should be first thing in the morning, but may vary depending on your bank.|||It's the bank that controls when it goes in your account, not the IRS.|||There is no set time. The overnight transmittal of tax refunds takes 8 to 12 hours or longer to complete due to the volume of transactions involved. Once the money hits your bank it can take several hours to churn through all of the transactions even if your bank posts in real time. Many banks still batch process at end of day, in which case it would delay access to your money by another 24 hours or so.





The information on the IRS WMR page is an estimate only. Don't make major financial commitments based upon those estimates.|||The IRS doesn't control the timing - your bank does.

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