Checking your federal refund status allows you to track the progress of your tax refund after you have filed your tax return. The Internal Revenue Service (IRS) issues refunds for overpaid taxes, and the status of your refund can be checked online, by phone, or through the IRS2Go app.
Knowing your refund status is important because it can help you budget and plan for the future. If you are expecting a refund, you may want to adjust your spending or savings habits accordingly. Additionally, if there are any issues with your tax return, you can be notified through your refund status.