Tax season is underway. If you filed immediately, there’s a good chance your federal tax refund will hit your bank account soon, if it hasn’t already. The fastest way to get your federal tax refund is by filing your return electronically and using direct deposit.

There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the refund has been sent, it could be up to 5 days before the money shows up in your bank account or a few weeks before your check has been received.

As tax season approaches, understanding the timeline for receiving your IRS Tax Refund can help alleviate financial stress. While the process is influenced by various factors, knowing when to expect your refund can aid in planning.