DIRECT DEPOSIT PUTS YOUR MONEY IN YOUR POCKET…FASTER
Don’t wait around for a paper check. Have your federal (and state, if applicable) tax refund deposited directly into your bank account. Selecting Direct Deposit is a secure and convenient way to get your money into your pocket more rapidly.
- Security – Eliminates any possibility of a check being lost in the mail. Thousands of checks are returned to the IRS by the US Post Office every year as undeliverable mail. Direct Deposit eliminates the possibility of you not receiving your check, or of your refund check being stolen from your mailbox.
- Convenient – The money goes directly into your bank account. You won’t have to make a special trip to the bank to deposit the money yourself.
- Easy – Simply provide this office with your bank routing number and account number when we prepare your return and you’ll receive your refund far more quickly than you would by check.
- Multiple Options – You also have the option of electronically directing your refund to multiple accounts. With the “split refund” option, taxpayers can divide their refunds among up to three checking or savings accounts and three different U.S. financial institutions. A word of caution—some financial institutions do not allow a joint refund to be deposited into an individual account. Check with your bank or other financial institution to make sure your direct deposit will be accepted.
- Deposit Can’t Be to a Third Party’s Bank Account – To protect taxpayers from scammers, direct deposit tax refunds can only be deposited into an account or accounts owned by the taxpayer. Therefore, only provide your own account information and not account information belonging to a third party.
For more information regarding direct deposit of your tax refund and the split refund option, we would be happy to discuss your options with you at your tax appointment.
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