Want Your Tax Refund ASAP? Do These 2 Things | Personal Finance

If you want to e-file in order to get your refund ASAP, the good news is that you can probably do so for free. The IRS has a website that provides resources you can access to submit your tax forms electronically at no cost to you. These resources include fillable forms that people of any income can use for free, as well as software that guides you through tax preparation but which is free only if you have an adjusted gross income of $73,000 or less.

Be aware, though, that if you’re filing electronically using guided tax prep software, submitting your state returns may or may not come at a cost depending on income, the software you use, and where you live.

2. Claim your refund via direct deposit

The IRS also urges tax filers to request their refunds via direct deposit if they want their money quickly, rather than requesting a paper check. As the IRS explains, direct deposit is free, convenient, and secure.

To obtain your refund via direct deposit, just select this option as your refund method and enter both your bank account and routing number when filing. You can even split your refund into multiple financial accounts if you want to do so, or you can buy up to $5,000 in savings bonds with the money.


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