India, Feb. 20 -- Even though filing taxes can be stressful, millions of Americans are expected to get money back in the form of a refund after their returns are reviewed and approved.

According to the Internal Revenue Service (IRS), how quickly that money arrives depends on when and how you file your return, and whether there are any errors.

The deadline to file taxes this year is April 15. That date is also the last day to pay any taxes owed. While taxpayers can request a six-month extension to file by submitting Form 4868, which moves the filing deadline to October 15, the extension does not give extra time to pay.

The IRS charges a 0.5 per cent penalty on unpaid taxes after April 15. However, if someone files on time and sets up a ...