Page 1

5 Reasons to Use Direct Deposit for a Tax Refund

As tax filing season begins on January 29th, taxpayers should consider IRS direct deposit for any refunds due. Here are the reasons why 80% of taxpayers choose direct deposit every year. • Is Fast - IRS e-file with direct deposit is the quickest way for taxpayers to receive their refund. They can also use IRS Free File to prepare and e-file federal returns for free • Is Secure – As your tax refund goes directly into your bank account, there is no risk of having a paper check stolen or lost in the mail. This is the same method used by 98% of Social Security and Veterans Affairs beneficiaries. • Is Easy - Direct deposit is easy to use. Just select e-file in your tax software and follow the instructions. If you file a paper return, the tax form instructions will guide you. Make sure to enter correct bank account and routing number. • Has Options - Taxpayers can split a refund into several financial accounts. These include checking, savings, health, education and certain retirement accounts. Tips • Tax refunds should be deposited only into taxpayers account, their spouse’s account or both. • They should avoid making deposit into accounts owned by others. • Only three electronic direct deposit refunds can be made into a single financial account or pre-paid debit card. Essential Tax Services 13168 Piedmont Vista Drive Haymarket, VA 20169 703-754-2601

5 Reasons to Use Direct Deposit for a Tax Refund  

As tax filing season begins on January 29th, taxpayers should consider IRS direct deposit for any refunds due. Here are the reasons why 80%...

5 Reasons to Use Direct Deposit for a Tax Refund  

As tax filing season begins on January 29th, taxpayers should consider IRS direct deposit for any refunds due. Here are the reasons why 80%...

Advertisement