What does it mean when the IRS says your tax return has been received and is being processed?
What does the status “Your Tax Return Has Been Received and Is Being Processed” means.
This means that your tax return is received by the IRs and it’s in the process.
It will show you the refund date only when the refund has been approved and the IRS has finished processing it..
What does it mean when IRS is processing?
This means the IRS has your tax return and is processing it. Your personalized refund date will be available as soon as the IRS finishes processing your return and confirms that your refund has been approved. Most refunds are issued in less than 21 days.
How long after IRS says they are processing?
98% of all refunds should be processed and paid in 21 days, but there may be delays given the extraordinary set of circumstances related to the pandemic. If a taxpayer has already submitted their tax return, they can track the status of their refund through the IRS’ “Where’s My Refund?” portal.
What does it mean when IRS says your refund is being processed 2020?
“We have received your tax return and it is being processed. … After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.