Tax Refund

The IRS will start processing tax returns on Monday, January 23, 2023. Don’t wait to file. File today with TurboTax, and be first in line for your tax refund!

Whether you want to do your taxes yourself, get help along the way, or just fully hand over your taxes to a tax expert, TurboTax is ready to help you get your biggest refund.

Last year, more than two-thirds of taxpayers received a direct deposit tax refund of an average of nearly $3,200. We know that your tax refund can make a big difference in your financial life, whether you need to pay down debt or save for something special. 

Combined with e-file, direct deposit is the fastest way to get your tax refund. Overall, the IRS anticipates nine out of 10 taxpayers will receive their refund within 21 days or less when they file electronically with direct deposit if there are no issues with their tax return. 

The IRS encourages all taxpayers to file as soon as possible and reminds you to keep copies of your prior-year tax returns for at least three years. The filing deadline to submit 2022 tax returns is April 18, 2023. The due date is April 18, instead of April 15, because of the weekend and the District of Columbia’s Emancipation Day holiday, which falls on Monday, April 17.

Taxpayers requesting an extension will have until Monday, Oct. 16, 2023, to file.

Get your tax refund up to 5 days early with TurboTax

You could get your tax refund up to 5 days earlier when you have it deposited with Credit Karma Money™*. If you do choose to use Credit Karma Money™ to get your refund earlier all the money will be yours to keep because we never charge fees.** 

Check back with the TurboTax Blog this tax season to get the latest news for all things taxes and saving money!

*Get your tax refund up to 5 days early: When it’s time to file, have your tax refund direct deposited with Credit Karma Money™, and you could receive your funds up to 5 days early. If you choose to pay your tax preparation fee with TurboTax using your federal tax refund or if you choose to take the Refund Advance loan, you will not be eligible to receive your refund up to 5 days early. 5-day early program may change or discontinue at any time. Up to 5 days early access to your federal tax refund is compared to standard tax refund electronic deposit and is dependent on and subject to IRS submitting refund information to the bank before release date. IRS may not submit refund information early.  

**No Fees: Third-party fees may apply. Please see Account Terms & Disclosures for more information.

For Credit Karma Money (checking account): Banking services provided by MVB Bank, Inc., Member FDIC. Maximum balance and transfer limits apply.

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Lisa Greene-Lewis
Lisa Greene-Lewis

Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcast to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. More from Lisa Greene-Lewis

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