Faster access compared to standard tax
refund electronic deposit and subject to IRS submitting refund information to the bank before release date.
Not exact matches
For
refunds; Direct
deposit of your
refund, Paper Check, and other
refund settlement products; For balance due payments: I - PAYbyCreditCard option for tax payments, Paper Payment Vouchers (may also use
Electronic Funds Withdrawal — Direct Debit (ACH Debit) payment option and Installment Agreement Request.
However, that estimate assumes that you'll use
electronic filing to get your return to the tax man and that you've asked to have your
refund deposited directly into your account.
According to the IRS, those who combine an
electronic submission with direct
deposit could see their tax
refund in their bank accounts in as little as 8 to 10 days after they file as opposed to 4 to 6 weeks for a traditional paper return.
With
electronic deposit of tax
refunds these days, does the IRS check the names on the account number entered on the tax form before EFTing the money?
Utilize direct
deposit:
Electronic filers who opt for
refunds via direct
deposit get their money faster than anyone else.