Filed Your Taxes Electronically? Here’s When You Should Get Your Return
By Randall | April 19th, 2008 | Category: Taxes | 3 comments 1,258 views | 3 Comments » |
I’ve never been a big fan of government. Looking back, I’ve worked for the U.S. government in one capacity or another for about a decade, and I’ve seen a lot of different things.
The one thing I’ve seen consistently is a lack of organization and planning. This isn’t to say the government is unique, I’ve seen the same thing at a lot of larger Fortune 500 companies I’ve worked at too. They just have more incentive ($$$) to get things right. The government just prints more money when they run out.
So I’m pleasantly surprised with the IRS and their emphasis on the electronic filing and direct-deposit of our returns this year. I filed electronically with TurboTax this year, on April 14th (Note: I usually try two-three different programs to see which is easiest, and TurboTax holds the lead with being able to download my W-2s and most of my investment earnings information directly. TaxCut is a close second though, having a slightly easier user experience).
I have ALREADY received my state return, and the federal is due back in less than a week!
This is a TERRIFIC turnaround rate as compared to years past. I remember when it’s taken months to get the return, even when I filed electronically. Filing by paper almost GUARANTEED a month or more wait for the cash. I don’t know whether it’s the bad economic environment that has spurred the fast turnaround in payments (to get money back in the consumer’s hands) or the advances in technology, but I DO say; GOOD JOB INTERNAL REVENUE SERVICE.
I must be hallucinating. I bet you do a Google search on that phrase and this web site will be number one!
When is Yours Due?
For those with outstanding taxes, you can go to the IRS Website and see when your return is due.
Average turnaround times are around a week for electronic filers, or around 2 weeks for paper filers. That’s a great improvement over years past.
Remember also, that a lot more people are filing this year than usually do because of the economic stimulus package. To get the economic stimulus checks as soon as possible, you had to file a tax return this year whether you needed to or not. People that normally don’t have to file, because they make under the current minimum tax filing limit (somewhere around $15,000 I think) are filling out forms so they can get the stimulus checks as soon as possible. That’s a few million more forms than the IRS would normally get and they’re STILL turning things around good.
Dare I say that the IRS could be a shining example of how government OUGHT to treat its citizenry??
Brrr, what a thought! Kind of like saying sharks are wonderfully efficient swimmers (they are, but they can also gnaw a leg or arm off if you’re not careful).
Expecting a return this year? What do you think about the better turnaround times? Leave us a comment and let us know!

I filed my taxes back in February and the deposit showed up exactly on the date their form promised. TurboTax provided this information as well. I was pleased with TurboTax this year as well, I even blogged about it: http://debtfreethisyear.blogspot.com/2008/03/cutting-expenses-turbotax.html
Brian’s last blog post..April Debt Status
Oh, the EASY life of those getting a tax return!
I had to PAY the IRS $4700 this year :/ It’s better than loaning money to them, I believe, but still. If I hadn’t saved for my taxes, I would be in a hard place this year!
Shanti @ Antishay’s last blog post..My 2008 Resoluions in Review
In the last 15 years or so the IRS has made an effort to nullify it’s image as all thats wrong with the government.
They are charged with one mission, collect the taxes that congress proposes. They have this huge list of rules they have to abide by.
So it’s no surprise that they embraced electronic filing.
With this they were able to streamline their process. Instead of waiting for countless data entry personnel to enter paper forms (introducing a point of error), returns can be processed electronically and flagged for review if necessary. If no review a payment (if warranted) is triggered.
I received my Federal return in 9 days. Filed on Sunday afternoon, confirmation Sunday evening. Refund in the bank the next Tuesday.
My state return, Illinois, took about 5 days.
I think that if all government worked this well there would be no national deficit.