California Tax Refund: Estimating the Waiting Period for Taxpayers

Tax season can be a stressful time for many, but the anticipation of a tax refund often serves as a silver lining. Understanding when to expect your refund is crucial for planning purposes. The process begins early in the year, with California’s Franchise Tax Board opening up for returns as soon as January 2. Following closely, the IRS starts accepting income tax returns for the year 2023 on January 29.

It’s important to mark your calendars for the federal tax return deadline: April 15. This data is also crucial for state returns, including California. However, California offers a bit of leeway with an automatic extension to October 15 for filing state returns. But remember, any taxes owed must be settled with both the state and the IRS by April 15, regardless of when you file.

Tips for a Smooth Tax Filing Process

To ensure a smooth tax filing process, State Controller and FTB Chair Malia M. Cohen advises taxpayers to organize their tax records well in advance. Cohen also encourages Californians to utilize the FTB’s online services. These include electronic filing options and selecting direct deposit for faster refunds.

So, when can you expect your refund? If you file electronically through both the FTB and the IRS and opt for direct deposit without any errors in your return, the wait time is typically around 21 calendar days. However, if you file a paper return in California, the wait could extend up to three months. For federal taxes, returns that are amended or mailed in might take four weeks or longer to process.

Tracking Your Refund Status

Both the state and the IRS provide tools for tracking the status of your refund. To use the FTB’s service, you’ll need your Social Security number, ZIP code, exact refund amount, and the numbers in your mailing address. For example, for an address like 1234 Main St., you would use 1234. Last year alone, the FTB processed over 5.4 million refund status requests.

The IRS’s “Where’s My Refund?” tool is another resource, that becomes available 24 hours after filing an electronic return for the current year. To use this tool, have your Social Security number or individual taxpayer ID number, filing status, and the exact refund amount ready. The IRS2Go app is an alternative way to check your status. It’s worth noting that refunds involving earned income tax credits or additional child tax credits won’t be issued until mid-February at the earliest.