Every tax season Americans rush to submit their tax returns to the IRS in hopes of receiving their refund as soon as possible. There are ways to help the process along.
Many Americans are seeing refunds worth thousands, all owed to them by the IRS.
There are two things you can do to see your refund arrive more quickly.
Filing electronically with the IRS
There are two ways to file your taxes: paper or electronically.
In order to get your refund quicker, you should file your taxes electronically.
This will give you a better chance at getting your refund within three weeks.
IRS: Still waiting for a 2020 tax refund?
With paper it can take up to six weeks.
Filing by paper also gives your refund a chance to get lost in the mail.
Most people making under $73,000 can e-file for free using the free software offered by the IRS.
Where’s My Refund and IRS2Go App explained
Choose direct deposit instead of receiving a paper check from the IRS
Asking to get your refund by direct deposit will get you your money quicker than opting for a paper check.
If you want your refund to go to different places, you can choose different bank accounts.
You can have it deposited into checking, savings, college, or retirement accounts.
Choosing a paper check will take much longer to process and runs the risk of getting lost in the mail.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected].