Kentucky Department of Revenue will start tax refund process this 29th of January.
Kentucky Department of Revenue and the IRS will start their refund processing on the same day. (Photo: WLTX-TV)
Processes For Refunds By The Kentucky Department of Revenue
The tax season is starting soon, with the IRS and Kentucky Department of Revenue accepting returns next week. The IRS, the same with the Kentucky Department of Revenue will begin processing tax returns on January 29th and issues most refunds in less than 21 days.
Kentucky Department of Revenue recommends to file online and choose direct deposit for the fastest refund. The Kentucky Department of Revenue will start processing returns on January 29th.
According to a published article by Yahoo News, the Kentucky Department of Revenue also shared that e-file returns will take up to six weeks and paper returns taking up to 14 weeks to process. The Kentucky Department of Revenue also stated that anyone can track the status of your federal and Kentucky tax refunds online. The main tax deadline in 2024 is April.
Tax Refunds For This Year
In a published article by Money, many Americans are expecting a smaller tax refund this year compared to last year, according to a survey by tax prep software company TaxAct.
A quarter of taxpayers anticipate a decrease in their refund for their 2023 tax return compared to their 2022 return. With COVID-related refund-boosting programs no longer in effect, these expectations may become reality for many.
The survey also revealed that 35% of taxpayers are worried about filing their taxes incorrectly, and 37% are struggling to understand which deductions to take.
READ ALSO: Expansion Of Working Families Tax Credit Is Being Implemented In Michigan
