Why use an IRS tax refund calculator?

Calculator and few hundred dollars - accounting concept

Not many people look forward to tax season. It’s a time of year that most people associate with filling in endless, tedious forms, trawling through accounting records or, worst of all, writing a huge check to the Federal government.

However, some people do look forward to tax season for one compelling reason – they believe they are owed a substantial amount of money by the IRS. This assumption is not without merit – the IRS estimates that 77% of taxpayers are paid a refund, with an average refund amount of $2,913. That’s a decent amount of money by any measure! So, the chances are that if you are a tax payer, they owe you money.

So how does a taxpayer end up being owed money by the government? In the US, if the taxpayer is employed, income tax payments are withheld every month by the employer. The amount of income tax withheld doesn’t always fully correlate to the amount of tax owed, especially if the taxpayer’s circumstances have changed during the course of the year. Even if circumstances have remained the same, tax credits and other deductions aren’t calculated until the end of the year, and in some cases deductions alone can lead to a substantial tax refund.

Using an IRS tax refund calculator is necessary during the course of the tax return process, because you will have to give the IRS an estimated amount of the refund that you think you are due. It’s also fantastic to see that number, and look forward to that check coming in the mail or the direct deposit in your bank account.

Because it’s money that you aren’t expecting to get, some people treat their IRS tax refund as “free money”. This couldn’t be further from the truth – it’s not free money, it’s your money. Money that you have lent to the government as an interest free loan. When you start thinking of it in these terms, it’s natural to try to avoid getting a large tax refund by paying the right amount of tax over the course of the year instead.

If you don’t anticipate that your circumstances will change over the following year, then this is easy. You can simply make the calculation and instruct your employer’s finance department to deduct the correct amount from your monthly salary.

If you are on a low or medium salary, it might be wiser to continue your current arrangements. Although you may miss out on the interest payments on your money, it’s certainly better than being charged a penalty. The fee for not paying enough tax is $1000 for individuals with direct withholding.

Once you’ve used an IRS tax refund calculator to determine how much money they owe you, the next step is to use a state tax refund calculator for your particular state. If the IRS owes you money, the chances are that you are also owed money by your state’s tax authorities. You might have two large checks to look forward to!

Why It’s Too Early to be Asking “Where is My Refund for 2014?”


It’s only two days after Valentine’s Day and you’re already asking Where is My Refund 2014?   Umm, it’s too early to start wondering where it is.  Even if you think you know of some people who already got theirs, consider it a fluke and a huge stroke of good luck.  The IRS states that most people should have theirs within 21 days.  NO PROMISES!  Don’t be fooled by fake IRS Refund Calendars out there.  Notice that most of them have a disclaimer:

These are only estimates.

Why It’s Too Early to Expect your 2014 Refund

Yeah, bad estimates if you are basing them on the facts!  By publishing fake Refund Cycle calendars, people are misleading taxpayers and setting up high expectations that can’t be met.  The IRS cannot check for identity fraud and give out IRS refunds within 5 days.  It’s just not possible.  Don’t you want your refund to be safe from thieves?  Well that is what is takes to protect your refund…more thorough identity checking, fruad-proofing the system so fewer refund dollars get misdirected and stolen because someone stole your identity and filed a fraudulent tax return in your name and had your refund sent to their bank account instead of yours.

Why Do Some Refunds Take Longer Than Others?

And, just because your refund is taking longer than your friend’s refund, doesn’t mean there’s reason to panic.  The IRS is a little bit cryptic about why some tax returns get held up and other breeze by quickly, but it’s pretty certain that it has to do with typos, name mismatches, social security mismatches, and other things that could mean a fraudulent tax return.  But don’t worry unless you really did file a fraudulent tax return!  The IRS will figure it out, and if they need more information from you they’ll write you a letter.  Don’t respond to phone calls because the doesn’t call…they write letters.


IRS Status of Refund

Smiling young man with check in his hands

Looking for the IRS Status of Refund for your tax return?  Well beware the scammers out there!  You’ll see websites offering tax calendars showing when to expect your tax refund.  Some show turnaround times as little as 5 days!

Well let me give you the truth:  the ONLY way to find out about your IRS Status of Refund is to go directly to the IRS website and log in.  You can find personalized information about your tax return and what happened to it since you filed it with the IRS.  There no such things anymore as the following outdated ways of finding out about your IRS refund:

  1. Refund Schedule
  2. Refund Cycle Chart
  3. IRS Refund Schedule
  4. IRS Refund Status Schedule

Now we have the IRS Refund Tracker and it’s light years ahead of the old charts and cycles.  You get your own information, not some one-size-fits-all chart that never was much good anyway at predicting the turnaround time of your tax return.

So nowadays when you do see the charts with the current year date on it…

  • 2014 IRS Refund Chart
  • IRS Refund Schedule 2014
  • IRS Refund Cycle Chart 2014


…you can guarantee it’s a hoax.  The IRS has only ONE thing to say on tax refund turnaround times:

9 out of ten taxpayers will get their IRS refunds in 21 days

That’s it!  21 Days!  So where some website owners got the gall to print Refund Schedules that claim you’ll get your refund in 5 days is anybody’s guess.


To track your refund, which is the ONLY way to get your IRS Status of Refund, go here to the IRS website’s Refund Tracker page and log in.  You’ll need your Social Security Number, some numbers from your tax return, and few more pieces of personal information that only you would know.



How Not to be a Financial Fool With Your Refund


Long ago, before we were a nation of debt, nobody cared about their IRS Tax Refund Status.  They did their taxes and if a refund check came in the mail then well that’s nice but they knew it was their money all along anyway.  Now, we are a nation of financial fools.  This sounds extreme but how else to describe the phenomenon of taxpayers believing that their tax refund is a gift from the IRS?  How else to describe the notion that people think a huge IRS refund is a great thing.  They clearly don’t understand where the refund comes from (their own pockets).  They just want to know the IRS Tax Refund Status so they can pay their bills or buy something.  Yes, we are now a nation of financial fools.

Do You REALLY Need a Tax Professional?

You can tell by the tax company ads that start running a few weeks after the new year.  These ads lead people to believe that they need a professional to prepare their taxes for them…WRONG!  Software and online tax services make so EASY to do your own taxes.  You will save an average of $75, which is the average starting price to prepare the simplest version of the IRS Form 1040.  If your tax return requires additional forms and schedules, the price goes up from there.  Why in the world would you NOT try doing your own taxes to save money?

Is This You?

Or are the tax companies who charge to prepare the simplest tax forms relying on the same financial foolhardiness that also makes people spend their tax refunds before they get them?  Is it the same group of taxpayers…they think the refund is a gift, they pre-spend it so they are desperate to get their refunds, and they pay to have their simple tax forms filled out for them.  Yes folks we have another case of savvy marketing, profiting off other peoples’ ignorance, and lame duck taxpayers not bothering to see beyond the hype and try preparing their own taxes.

Are You Desperate About Your IRS Tax Refund Status?

Don’t fall into this trap.  If you are desperate about your IRS Tax Refund Status, that’s the first clue that something is amiss.  Learn some personal finance basics and save yourself a whole bunch of money and aggravation for years to come.

Quick Tips to Stay Ahead of the IRs Refund Calendar for 2014


If you want your tax refund back as fast as possible, there are only two things you can do to try and speed up your timing on the IRS Refund Calendar for 2014.  One is to file electronically and the other is to choose a Direct Deposit refund.  Here’s how to achieve both:

How to File Your Taxes Electronically

Hands down, the best way to file your federal income tax return is to do it yourself using free software on your own computer.  Here’s why.

  • It’s cheaper since it’s free
  • It’s faster since you can start preparing your return any time, even before the IRS starts accepting e-files in late January
  • It’s easy since nowadays the software guides you through easy questions that anyone can understand

How to Get Direct Deposit Refund

This is actually just another reason to file your income taxes electronically with your own PC at home using tax prep software.  When you are almost finished with the tax program, at the end they will ask you how you want your IRS refund sent to you.  If you want to be on the early end of the IRS Refund Calendar for 2014, you will choose Direct Deposit, which is so much faster than the other choice…a paper check mailed to you.  Need I even explain why?

Keeping Tabs on the IRS Refund Calendar 2014

To keep abreast of the IRS Refund Calendar 2014 after you’ve e-filed your taxes, use the IRS Refund Tracker, which lets you create a login on the IRS website,  Then you’ll get to see what’s up with your tax return, and estimate when your refund will be issued.

The IRS Refund tracker is available here and don’t go anywhere but the IRS website since you’ll be at risk of compromising the safety of your personal information by typing it into a random non-IRS website.  Identity theft and refund stealing are rampant in the tax world!


A Little Known Secret About the IRS Direct Deposit Schedule


Same as with the IRS Refund Schedule for 2014, the IRS Direct Deposit Schedule in 2014 is a misnomer.  That’s because there is no schedule!   The IRS now only gives a general guideline as to how long it will take for your refund to be issued.  Most people will get their tax refunds within 21 days.  As for an IRS Direct Deposit Schedule 2014, we have only a time frame. The Direct Deposit schedule is just another name for an IRS Refund Schedule, which actually doesn’t exist. Again, all we have from the official source is that refunds are generally issued within 21 days.  That’s ALL anyone can say on this issue!

The IRS Direct Deposit Schedule for 2014…

That means, if you electronically submitted your tax return to the IRS on January 31, 2014 (the earliest you could possibly submit) you will probably see your Direct Deposit by February 21.  The key word here is probably.  In the words of the IRS, “9 out of 10” refunds are issued within 21 days.  That’s 90%.  So, for every 100 people that sees a refund within 21 days, 10 will have to wait longer.

What to do if Your IRS Refund Direct Deposit Seems Late

Can you see the odds here?  Don’t panic if you are one of that 10%.  You can call the IRS IF it’s been 21 days.  But first, check the status of your 2014 IRS refund on the IRS website on the Where’s My Refund? page here.

If the IRS Refund Status page doesn’t satisfy, then call the IRS Refund hotline at:

(800) 829-1954

This is available 24/7 and it’s an automated line.  If this still doesn’t help, you can call the IRS and speak to a person but keep in mind they won’t be able to tell you much more than what you see on the Where’s My Refund? page or the automated IRS Refund Hotline.  There is also a general IRS help line, at

(800) 829-1040



How You Are Being Tricked About Your 2014 IRS Refund

Money Woman

The IRS does not release IRS Refund Schedules anymore, but does give stats on how long it should take to get your refund.  If you e-filed, then you can expect to get your refund within 21 days.  For the IRS Refund Schedule 2014, some taxpayers will get their refunds even sooner.  However, the only official word on turnaround time for refunds in 2014 comes from the IRS, and all they say is “less than 21 days”.  In fact here’s the direct quote:

“The IRS issues more than 9 out of 10 refunds in less than 21 days.”

That’s ALL they say!  If you find information that claims the IRS says they’ll issue refunds faster than that, or any IRS Refund Schedules for 2014 that give a one-week turnaround time, that information is WRONG.

Don’t Let Anybody Tell You There is an IRS Refund “Schedule” in 2014

For one, there is no such thing as an IRS Refund Schedule anymore.  That’s because the IRS’s new anti-fraud programs mean that each tax return takes a different pathway through the processing systems, so no two turnaround times are alike.  The abundance of data on each tax return means that there are endless things that could raise a red flag in the IRS’s computers, resulting in seemingly infinite combinations of pathways.  No two tax returns are alike, so the idea of an IRS Refund Schedule in 2014 is laughable.  Basically, you’ll get your refund when you get it!

You can expect your refund within 21 days, however.  But if it’s been two weeks and your refund hasn’t come through yet, don’t call the IRS.  In fact, the IRS website instructs taxpayers not to call them asking about the status of a refund until it’s been more than 21 days.  You’ll just be wasting your time, their time, and taxpayer money as well.

If you want to see for yourself, here’s a link to the Where’s My Refund? section of the official IRS website.  Here, you can see their exact words the part about waiting 21 days.




The IRS Tax Refund Schedule 2014 for Early Filers

Woman in home office with computer smiling

The 2014 IRS Tax Refund Schedule has begun.  The IRS took in its first e-filed tax returns one week ago, so the first rollouts of refunds should start happening soon.

Were you an early filer?

There’s a growing body of taxpayers who make it a point to file as early as possible with the goal of getting their IRS refunds as soon as humanly possible.  If you are an early filer, then you might see your refund very soon.  IRS Refund dates for 2014 are right around the corner.  The IRS tax refund schedule for 2014 is of course based on past years’ turnaround times…and a vast majority of early filers got their refunds in 10 days last year.

We Can Estimate a Refund Schedule But Times Have Changed

But there are only a few years of history to use as a gauge.  Why?  Because the IRS completely changed the way they look at tax returns in couple of years back.  It wast his change that makes anything like a regular IRS Tax Refund Schedule in 2014 nearly impossible to rely upon.

No two tax returns are alike, of course.  And because of that, it’s nearly impossible to predict which tax returns will raise alerts in the IRS computers, signalling them to be pulled out and sent for deeper analysis.  What the IRS is doing is checking for suspicious data on every single tax return they get.  If something is flagged, that return is held up for a more thorough check.  Of course that causes delays in what used to be a pretty regular IRS Tax refund schedule.  It’s for this reason that neither the IRS nor anyone else can no longer publish a “Refund Schedule”.

Instead of the IRS Tax Refund Schedule 2014, Use This

So where does that leave us?  Actually, with something better.  It’s called the IRS Refund Tracker.  You log in and track your very own tax return on the IRS website.  It’s very similar to tracking a package.  Tracking a package is far superior to relying on average transit times, right?  Well it’s the same with your IRS refund for 2014.

Get Your IRS Refund Dates Straight For 2014


It’s Tax season again, and you know what that means… everyone is getting pretty antsy about receiving their IRS refunds.  It’s the dead of winter and wouldn’t it be nice to have some extra cash lying around to spend?  Where is that darn refund anyway?

If you find yourself in the trap of having file your federal tax refund and needing your refund so desperately that you experience anxiety then it’s time to take a look at the situation and get control.


First, get your knowledge straight: IRS Refund Dates in 2014 are not predictable or regular in any way.  Yes, they used to be…there are still people out there searching in vain for things like the IRS Refund Cycle Chart 2014.  Doesn’t exist anymore.  There just aren’t regular dates and schedules nowadays.  Each tax return makes its own journey through the processing routine, at its own pace and with its own twists and turns.

It’s a little bit like life.  You wouldn’t be asking for a regular cycle chart for life events like marriages or births would you?  You can get a status for your tax return, and from that you can try and guess the IRS refund dates.  Just go to IRS.gov and click on Where’s My Refund? to see the following:

  1. whether or not the IRS received your tax return yet
  2. if they did, on what date they acknowledged receipt of your tax return
  3. whether there are any issues with your return, but not what the issues are (you’ll get a letter from the IRS if they need something from you)
  4. if your IRS refund date has been set, it will be there…which means on its way

This is a much better system for keeping track of IRS refund dates in 2014, anyway.  Those old charts were estimates and the new refund tracker is real information straight from the IRS, just for you.


Where are the IRS Refund Cycle Dates for 2014?


Tax time is in full swing and you may have already filed your income tax return for last year.  If so, you might be expecting a refund and you’re looking for the IRS Refund Cycle dates for 2014.  Are you looking for a chart dates?

Searching for the IRS Refund Cycle Dates in 2014 is a Waste of Time

Do you like wasting your time?  No, didn’t think so…which is why I’m here to tell you about the new way to find out where your refund is.  It’s the IRS website, or the IRS2go App for your phone.  Stop searching the internet for IRS refund cycle dates in 2014 because that’s just so…2010.  The IRS stopped publishing so-called IRS Refund Cycle charts in 2011 when they introduced the IRS Refund Tracker.

The IRS Refund Tracker is simply an area on the IRS website where you can create a login and password.  You can then log in every day to check the status of your very own tax return.  In the “old days”, before the new tracking system, sure it was easy to find a chart with refund dates on it.  But the dates were all-purpose dates for every taxpayer.  They represented when you could expect to receive your IRS refund, but not what was actually happening to your personal tax return.

There is no Cycle Anymore

The old Refund Cycle date charts created expectations that sometimes weren’t met.  That, in turn, caused stress on taxpayers whose refunds were delayed.

“If there’s a regular  IRS Refund Cycle of dates, then why is my refund so late?

Now the IRS doesn’t issue refunds in as regular a manner as they used to.  Some people’s returns get processed quickly and others get delayed.  It’s kind of like the Security line at the airport.  Some people get checked a little more thoroughly and others sail through without a hitch.  Almost everyone eventually gets to the airplane.  It’s just that some get delayed and some don’t.

So please stop your search for the IRS Refund Cycle Dates in 2014.  They just don’t exist!