Get a Faster Refund With Direct Deposit

Expecting a tax refund? You can get it faster if you fill out the direct deposit information on your tax return to directly deposit your refund into your bank account.

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Expecting a tax refund? You can get it faster if you fill out the direct deposit information on your tax return to directly deposit your refund into your bank account.

Direct deposit is available for all taxpayers, regardless of how they file their return - phone, computer or mail. Directly depositing your refund into your checking or savings account is more secure because there's no check to get lost. And it takes the U.S. Treasury less time than issuing a paper check. It also saves you from making a special trip to the bank to deposit a paper refund check.

If you mail a paper return, fill in the direct deposit information in the "Refund" section. And if you're filing electronically, you can also provide direct deposit information to have your refund deposited directly into your bank account. You may want to ask your financial institution if they accept direct deposit, including joint tax refunds into individual accounts. They can also verify the correct routing and account numbers that you will need on your return when using direct deposit.

Although direct deposit can be used in most situations, it can't be used when filing a prior year's return. Also, direct deposit will not occur if the name on the tax return and bank account don't match. Direct deposits of refunds won't go into foreign bank accounts, either. If, for some reason, the refund can't be directly deposited into a taxpayer's account, the U.S. Treasury will send a check instead.

Courtesy of ARA Content, www.aracontent.com, e-mail: info@aracontent.com

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