How To Calculate Tax Refunds

How To Calculate Tax Refunds

How To Calculate Tax Refunds

This article will discuss how to check on the status of a federal income tax refund and update a mailing address on file with the IRS. It will also cover how to request direct deposit, which is the only way to ensure an income tax refund is received in a timely manner.

In the news release, IR-2007-189, the IRS announced that $110 million worth of 2006 tax year refund checks were returned as undeliverable by mail. The problem arose from incorrect mailing addresses, presumably for taxpayers who moved after filing their tax returns and did not notify the IRS.

How to Check on the Status of Income Tax Refunds

To check on the status of a federal income tax refund, taxpayers may use the Where's My Refund? tool on the IRS website or call 1-800-829-1954. The IRS may request the following personal information to validate an individual's identity: