I filed my taxes electronically on 4/14 through FreeTaxUSA. I paid an outstanding tax debt on Friday 4/17 through the IRS website to avoid any delays with my refund. By Tuesday 4/21, I was notified that the IRS was going to deduct the debt balance from my refund and the rest will be deposited into my account. So, the IRS withdrew the balance from my savings account with the payment I scheduled AND deducted the same amount from my refund. I guess this would be considered an overpayment. I'm more concerned about WHEN I will receive that money back. I understand a check may be sent out by mail, but how long will it take to process? I'm trying to buy a house and really need that money in present in my account.
I feel stupid.. I should have just let the IRS deduct the balance from my refund instead. Now they got double the money, I can't get through to a live representative or receive any direct answers pertaining to my account. PLEASE HELP! Has anyone experienced this in the past??
IRS received an overpayment, when will I get my money back?
byu/Visible_Dog_8837 intax
Posted by Visible_Dog_8837
1 Comment
Normally I would say a refund check would be mailed within 4 weeks.
However, there is new policy to eliminate paper checks and a new procedure involving sending the taxpayer a notice, getting banking information and then direct depositing the refund. All of this communication adds to the time frame for a resolution.
You may receive this notice https://www.irs.gov/individuals/understanding-your-cp53e-notice
You should log in and view your account transcript. That will show the payments and then show if any notices are being mailed and eventually you see a refund code with a date.