{"id":96774,"date":"2024-03-08T14:22:54","date_gmt":"2024-03-08T14:22:54","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/"},"modified":"2024-03-08T14:22:54","modified_gmt":"2024-03-08T14:22:54","slug":"when-is-tax-money-being-released-in-2023","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/","title":{"rendered":"When is tax money being released in 2023?"},"content":{"rendered":"<p>Tax money release dates are a topic of great interest to many people each year. In 2023, the release dates will vary depending on the type of tax refund you are expecting. Several factors determine when you can expect to receive your tax refund in 2023, including how you filed your taxes, any potential delays, and the payment method you chose. Below is a breakdown of when you can expect tax money to be released in 2023.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#When_is_tax_money_being_released_in_2023\" title=\"When is tax money being released in 2023?\">When is tax money being released in 2023?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions:\">Frequently Asked Questions:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#1_Is_there_a_specific_date_when_tax_refunds_are_released_in_2023\" title=\"1. Is there a specific date when tax refunds are released in 2023?\">1. Is there a specific date when tax refunds are released in 2023?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#2_Will_filing_electronically_speed_up_the_release_of_my_tax_refund\" title=\"2. Will filing electronically speed up the release of my tax refund?\">2. Will filing electronically speed up the release of my tax refund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#3_If_I_filed_a_paper_return_how_long_can_I_expect_to_wait_for_my_tax_refund\" title=\"3. If I filed a paper return, how long can I expect to wait for my tax refund?\">3. If I filed a paper return, how long can I expect to wait for my tax refund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#4_Why_does_the_IRS_hold_refunds_for_EITC_and_ACTC_claimants_until_mid-February\" title=\"4. Why does the IRS hold refunds for EITC and ACTC claimants until mid-February?\">4. Why does the IRS hold refunds for EITC and ACTC claimants until mid-February?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#5_Does_filing_early_impact_the_release_date_of_my_tax_refund\" title=\"5. Does filing early impact the release date of my tax refund?\">5. Does filing early impact the release date of my tax refund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#6_How_do_payments_for_the_Child_Tax_Credit_impact_the_timing_of_my_tax_refund\" title=\"6. How do payments for the Child Tax Credit impact the timing of my tax refund?\">6. How do payments for the Child Tax Credit impact the timing of my tax refund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#7_What_happens_if_I_owe_money_to_the_IRS\" title=\"7. What happens if I owe money to the IRS?\">7. What happens if I owe money to the IRS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#8_Can_I_check_the_status_of_my_tax_refund_online\" title=\"8. Can I check the status of my tax refund online?\">8. Can I check the status of my tax refund online?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#9_Is_there_a_way_to_track_the_progress_of_my_tax_return_with_the_IRS\" title=\"9. Is there a way to track the progress of my tax return with the IRS?\">9. Is there a way to track the progress of my tax return with the IRS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#10_What_should_I_do_if_I_have_not_received_my_tax_refund_within_the_expected_timeframe\" title=\"10. What should I do if I have not received my tax refund within the expected timeframe?\">10. What should I do if I have not received my tax refund within the expected timeframe?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#11_Can_I_change_the_payment_method_for_my_tax_refund_after_filing_my_return\" title=\"11. Can I change the payment method for my tax refund after filing my return?\">11. Can I change the payment method for my tax refund after filing my return?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#12_Are_there_any_circumstances_that_could_delay_the_release_of_my_tax_refund\" title=\"12. Are there any circumstances that could delay the release of my tax refund?\">12. Are there any circumstances that could delay the release of my tax refund?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"When_is_tax_money_being_released_in_2023\"><\/span>When is tax money being released in 2023?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Most taxpayers can expect their tax refunds to be released within 21 days of filing their tax returns, assuming there are no issues with their return. However, the specific release dates for tax money vary by the type of tax refund you are waiting for.<\/p>\n<p>For those who filed electronically and opted for direct deposit, tax refunds are typically issued within 21 days of the IRS accepting the return. Paper returns take longer to process and may delay the release of the tax refund by several weeks.<\/p>\n<p>If you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), the IRS is required by law to hold your entire refund until mid-February. This delay is designed to allow the IRS to verify these claims more thoroughly to prevent fraudulent activity.<\/p>\n<p>The IRS processes tax returns in batches, which can also impact the release dates for tax refunds. Returns are typically processed in the order they are received, so filing early can help you get your refund more quickly.<\/p>\n<p>For those who are expecting a tax refund through the Child Tax Credit, payments are typically distributed monthly from July to December of the tax year. The remaining half of the credit can be claimed on your tax return, which may impact the timing of your tax refund.<\/p>\n<p>Taxpayers who owe money to the IRS should plan to pay by the tax deadline, typically April 15th, to avoid penalties and interest. Payments made after this date may result in additional fees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_Is_there_a_specific_date_when_tax_refunds_are_released_in_2023\"><\/span>1. Is there a specific date when tax refunds are released in 2023?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, the release dates for tax refunds in 2023 will vary depending on various factors, such as how you filed your taxes and any potential delays.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Will_filing_electronically_speed_up_the_release_of_my_tax_refund\"><\/span>2. Will filing electronically speed up the release of my tax refund?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, filing electronically and opting for direct deposit can help expedite the release of your tax refund.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_If_I_filed_a_paper_return_how_long_can_I_expect_to_wait_for_my_tax_refund\"><\/span>3. If I filed a paper return, how long can I expect to wait for my tax refund?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nPaper returns typically take longer to process, so you may have to wait several weeks longer for your tax refund compared to those who filed electronically.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Why_does_the_IRS_hold_refunds_for_EITC_and_ACTC_claimants_until_mid-February\"><\/span>4. Why does the IRS hold refunds for EITC and ACTC claimants until mid-February?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe IRS is required by law to hold refunds for EITC and ACTC claimants until mid-February to verify these claims and prevent fraudulent activity.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Does_filing_early_impact_the_release_date_of_my_tax_refund\"><\/span>5. Does filing early impact the release date of my tax refund?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, filing early can help expedite the release of your tax refund because returns are processed in the order they are received.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_How_do_payments_for_the_Child_Tax_Credit_impact_the_timing_of_my_tax_refund\"><\/span>6. How do payments for the Child Tax Credit impact the timing of my tax refund?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nPayments for the Child Tax Credit are typically distributed monthly from July to December, which may affect the timing of your tax refund.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_What_happens_if_I_owe_money_to_the_IRS\"><\/span>7. What happens if I owe money to the IRS?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you owe money to the IRS, you should plan to pay by the tax deadline to avoid penalties and interest.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_I_check_the_status_of_my_tax_refund_online\"><\/span>8. Can I check the status of my tax refund online?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can check the status of your tax refund online using the IRS&#8217;s &#8220;Where&#8217;s My Refund?&#8221; tool.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Is_there_a_way_to_track_the_progress_of_my_tax_return_with_the_IRS\"><\/span>9. Is there a way to track the progress of my tax return with the IRS?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can track the progress of your tax return with the IRS using tools like &#8220;Where&#8217;s My Refund?&#8221; or by calling the IRS directly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_What_should_I_do_if_I_have_not_received_my_tax_refund_within_the_expected_timeframe\"><\/span>10. What should I do if I have not received my tax refund within the expected timeframe?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you have not received your tax refund within the expected timeframe, you can contact the IRS for further information on the status of your refund.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_I_change_the_payment_method_for_my_tax_refund_after_filing_my_return\"><\/span>11. Can I change the payment method for my tax refund after filing my return?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you have already filed your return, you cannot change the payment method for your tax refund.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Are_there_any_circumstances_that_could_delay_the_release_of_my_tax_refund\"><\/span>12. Are there any circumstances that could delay the release of my tax refund?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, certain circumstances, such as errors on your tax return or missing information, could delay the release of your tax refund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax money release dates are a topic of great interest to many people each year. In 2023, the release dates will vary depending on the type of tax refund you are expecting. Several factors determine when you can expect to receive your tax refund in 2023, including how you filed your taxes, any potential delays, &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"When is tax money being released in 2023?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/when-is-tax-money-being-released-in-2023\/#more-96774\">Read more<span class=\"screen-reader-text\">When is tax money being released in 2023?<\/span><\/a><\/p>\n","protected":false},"author":13,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-96774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>When is tax money being released in 2023?<\/title>\n<meta name=\"description\" content=\"Tax money release dates are a topic of great interest to many people each year. 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