Written By: Anushka
Federal tax refund checks are on the way, providing financial relief to low and moderate-income taxpayers.
Eligible taxpayers include those with low to moderate income who filed their returns by April 15, 2024.
Individual filers can receive $200, while joint filers can receive $400.
Refund checks are issued based on filing dates, with refunds varying from early February to late May.
The IRS started accepting e-filed returns from January 22, 2024. Direct deposit is the preferred refund method.
Over 90% of refunds are issued within 21 days, depending on various factors like filing date and claim specifics.
Factors affecting refunds include tax return filing date, credit claims, filing method, existing debts, and life events.