Updating turbo tax
What is the Difference Between Refundable and Nonrefundable Tax Credits? f you file your taxes with the IRS EFile, or with an tax software program that files your taxes online for you, then you are in luck – you will generally receive your tax refund much more quickly than if you file your taxes by mail.
Paper returns have to be manually entered into the system, and can remain in the queue for several days (or longer) before they can be processed.The reason is that electronic tax returns are easier for the IRS to process, making it faster for them to clear the books on your tax return and send you a refund—via either an ACH transaction or by check.ACH transactions (bank to bank electronic transfers) are much faster and safer than receiving a paper check.Typically, tax refunds are issued in less than 21 days.The IRS estimates that the delayed refunds may begin to show up during the week of February 27 for direct deposit.What is the first day you can file your 2016 taxes?
January 23, 2017 is the first day you can officially file your 2016 taxes.
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The delay will apply to 2016 tax returns filed in 2017.
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So if you want to receive your refund faster, electronic is the way to go!