Question of the Day: How long does it take to get a tax refund?
Some play the waiting game longer than others.
Answer: Between 1 week and 2 months, depending on how you file
Questions:
- Which type of tax filing would you prefer to use? Why?
- Why might getting a tax refund in a timely manner be important to some people?
- If you were to receive a tax refund, how would you use it?
Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the Numbers (Smart Asset):
"When you get your tax refund will depend largely on how you file your return. The fastest option is to e-file your return and to receive your refund via direct deposit. For 2020 taxes, the majority of taxpayers who choose this option will receive their refunds within 21 days. That means your bank will have your refund within three weeks from the day the IRS accepts your tax return. Then it may take up to a few additional days for your bank to make the funds available to you."
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Need more resources? Check out the NGPF Taxes unit!
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About the Author
Ryan Wood
Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.
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