Oklahoma State Tax Refund Timelines: Breaking Down Waiting Periods by Filing Methods
Federal Tax Refunds vs. Oklahoma State Tax Refunds: Understanding the Difference in Processing Times
Taxpayers eagerly awaiting their tax refunds in Oklahoma can expect varying wait times depending on how they filed their state taxes. If you filed online and opted for direct deposit, the refund could arrive in five to six weeks. Choosing a debit card option might extend the wait to six weeks. However, if you chose to mail your return and opt for direct deposit, brace yourself for a longer wait of ten to 12 weeks. Those selecting the debit card option with a mailed return may need to wait 11 to 13 weeks.
For federal tax refunds, the process is generally faster, with the IRS aiming to issue refunds within 21 days of filing, provided there are no errors on the return. Taxpayers can track the status of their federal refunds through the IRS website’s “Where’s My Refund?” tool. Similarly, Oklahoma’s Taxpayer Access Point offers resources for tracking state refunds.
Seeking Extra Time? How to Request an Extension Using Form 4868 for Both Federal and Oklahoma State Taxes
As the tax deadline looms, both federal and Oklahoma state income taxes are due on April 15th. Taxpayers facing challenges completing their returns by the deadline can file for an extension using Form 4868, granting them an additional six months to finalize their tax returns. However, those filing late without an extension may face penalties if taxes are owed.