The U.S. Department of Treasury says they will be using digital options after September to send out money. But for those who don’t have a bank account, there are other options you can take advantage of.
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The IRS has important reminders. Have all your information before filing, file electronically, and choose direct deposit for faster returns. Go to irs.gov online if you need help. Earned income tax credit filers can't get refunds before mid-February. The regular filing and paying-without-penalty deadline is April 18, 2023.
A survey by Credit Karma says about 30% of taxpayers will rely on refunds to make ends meet. So, here are some steps to get yours back the fastest possible. One, make sure you file electronically, don't file paper tax forms. Request your refunds be sent to direct deposit, which could save 10 days. Review your returns to make sure you don't set off any red flags with the IRS.
The agency expects over 168 million returns will be filed by this year's deadline on April 18th, three days after the usual April 15th deadline, because of a holiday weekend. If you file electronically and expect a refund, the IRS says you should get a direct deposit within 21 days, barring any issues.
Tax season is here, and there are a lot of questions as residents file the necessary paperwork.