This article provides tips on how to expedite your tax refund process. Filing electronically and choosing direct deposit are highlighted as the most efficient methods. It also emphasizes the importance of accuracy in tax returns to avoid delays caused by errors.
If you're eager for a tax refund , there are a few ways to get your payment faster, experts say. If you're expecting a refund, there are key things to know, according to tax experts. 'There are some very simple tips to get the fastest refund possible,' said Mark Steber, chief tax information officer of Jackson Hewitt Tax Services. For most filers, the federal tax deadline this year is April 15 for returns and balances.
The agency expects more than 140 million individual returns before the due date. This free tax filing option is 'fast and simple,' IRS says. Here's who can use it. Typically, you'll receive a tax refund if you overpaid taxes the previous year. But you could owe money if youIf you're eager for your refund, the best way to speed up the process is by filing electronically and picking direct deposit for your payment, former IRS Commissioner Danny Werfel said during a press call in early January. Paper refund checks are 16 times more likely to have an issue, such as theft or misdirection, according to the U.S. Department of the Treasury's Bureau of the Fiscal Service. However, it's also important to enter banking details correctly when selecting direct deposit for payment, experts say. You should always double-check routing and account numbers. You want a 'complete and accurate tax return,' she said. Otherwise, the IRS could flag your filing for mistakes, which causes delays. Some common tax return errors include missing or inaccurate Social Security numbers, misspelled names, entering information wrong and math mistakes
Tax Refund IRS Filing Direct Deposit Tax Errors
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