A new home that is built during a given year is counted in that year's GDP, while the purchase of a previously owned house has already been counted in the GDP of the year it was constructed. In this way, only those residences that add to the overall housing stock count towards GDP.
For those who file an amended return, however, the period to receive a refund check will take 8-12 weeks. For efilers (e.g., those who file electronically) here is a refund cycle chart that gives target dates when either an electronic direct deposit or mailed paper check should be expected given a particular filing date.
So how much faster can e-filing and direct deposit speed up your tax refund? File by paper and you would typically receive a refund via paper check in about six weeks or more. File electronically but request a refund by paper check and you could wait three to four weeks for your tax refund. But file your tax return electronically and elect direct deposit, and you should receive the tax refund in as little as two weeks. View all articles by Ray Martin on CBS MoneyWatchÂ». Ray Martin has been a practicing financial advisor since 1986, providing financial guidance and advice to individuals.