(NEXSTAR) – This year is also a time when we cross our fingers and want to get our money back after filing taxes – and for those accounts payable, the IRS has some quick refunds. I have a guideline.
The majority of Americans have already received refunds using direct deposits, but if not, the IRS will do it. “The best and fastest way to get a tax refund.”
If you are using tax software, simply select Direct Deposit as your refund method and enter your bank account and bank code. If you don’t know where that information is, you can look at a paper check. This check has the bank code on the bottom left and the account number on the bottom right. You can also check your online back account information or call your bank for support.
If you have a prepaid debit card, you may be able to send money directly, but you will need to check with your financial institution to make sure you have the correct routing and account information.
For taxpayers who do not have a bank account, the IRS encourages people to visit FDIC website, Veterans Benefit Banking Program or National credit union management Help to open an online account.
To further speed up the refund process, submit your taxes electronically and choose deposit directly for your refund. According to the IRS, if the entire process is done electronically, 9 out of 10 refunds will be issued within 21 days.
It may be important to do so this year. Still unknown How will the proliferation of COVID-19 cases caused by the omicron variant affect IRS workers responsible for handling returns?
The IRS also states that filing a complete and accurate tax return will help streamline the process.Taxpayer Encouraged Check IRS.gov for the latest questions about prepayment of child tax credits and claim collected rebate credits for lack of stimulus and other issues.
Can’t wait to see that larger number in Antsy and your account? You can use the IRS to check the progress of your refund at any time Where can I get a refund tool.
The tax season starts two weeks early
This year’s tax filing season begins on January 24, 17 days before last year, the Internal Revenue Service announced on Monday.
The IRS warns that the resurgence of COVID-19 infections, in addition to less funding approvals requested by the Biden administration, could make this filing season particularly difficult.
“The pandemic continues to create challenges, but the IRS reminds people that there are important steps that can be taken to ensure that tax returns and refunds do not face processing delays,” said IRS Commissioner Chuck. Retig says.
Avoiding paper tax returns will be more important than ever this year to avoid processing delays, Rettig said. He submitted their returns electronically to taxpayers and urged them to receive their refunds by direct deposit.
Also, taxpayers who received COVID-19 relief economic impact payments last year, or received a child tax credit prepayment to ensure that they report the correct amount on their tax return to avoid processing delays. It is also important for taxpayers.
The IRS will send a letter to the recipient of the impact payment. Prepaid child tax credit payments and taxpayers can also see the amount received on the website IRS.gov.
The tax return filing deadline is April 18th (Monday) this year, which is three days behind the normal tax payment deadline of April 15th. Later dates are the result of a liberation vacation in the District of Columbia. By law, Washington, DC holidays, like federal holidays, affect everyone’s tax deadlines.
April 18th is the deadline for tax returns or extension applications. This will allow taxpayers to file their 2021 tax returns until October 17th.
The Associated Press contributed to this report.
IRS Tips for Fastest Tax Refunds
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