CFR - Code of Federal Regulations Title 21. The information on this page is current as of April 1 2017. For the most up-to-date version of CFR Title 21, go to the Electronic Code of Federal Regulations (eCFR).
To date, the IRS has issued nearly 40 million refunds worth $120 billion, with the average refund worth $2,800. This is slightly more than than last yearâs average refund at the same time.More than 96 percent of refunds have been paid through direct deposit directly into taxpayer accounts.The tax agency still estimates that 9 out of 10 refunds will go out within 21 days from when a return is filed.his is slightly more than than last yearâs average refund at the same time. More than 96 percent of refunds have been paid through direct deposit directly into taxpayer accounts. The tax agency still estimates that 9 out of 10 refunds will go out within 21 days from when a return is filed.
Processing Times for Tax Refunds. The length of time it takes the CRA to process your income tax return and refund depends on how and when you file your return. Processing Times for Paper Returns. Paper returns usually take four to six weeks to process. For paper tax returns filed before April 15, wait four weeks before you check on your refund. For paper tax returns filed after April 15, wait six weeks before you check. Processing Times for Electronic Returns. Electronic (NETFILE or EFILE) returns can take as little as eight business days to be processed.