February 6, 2013 – IRS Funding Patterns

Over the next two days, the IRS will be releasing many of the refunds filed on January 30 and 31.
Initial estimates show that about 35% of refunds filed on January 30 and 31 are being released by the IRS within 5 to 6 business days (7 to 8 calendar days) of when the return was filed. Of the remaining refunds, using last year as a guide, we would expect the IRS to release most (but not all) of those within 10 to 14 days of when the return was filed. But, keep in mind that the IRS official guidance says only that the IRS will release most refunds in within 21 days.