You did everything right — kept receipts, gathered your income forms, and filed your taxes on time. Now you’re getting a refund! But the big question is this: What is the direct deposit tax schedule and when will your tax refund arrive?
That depends, but if you filed your taxes electronically and requested your refund via direct deposit, you’ll get that money added to your account much faster than most.
See how it works, and check out our Refund Dates for Direct Deposit Versus Check Schedule below.
How It Works
The IRS processes tax returns as it receives them. If you file your tax return electronically — which is the fastest method to get the information to them — then the IRS will generally process direct deposit refunds within 7-10 days after receiving your tax return. The IRS is opening their eFile (electronic filing) for 2021 on February 12, 2021.