Well, well, well… here we are in a new year, and – you guessed it – a new tax season.
Tax Season 2018 is well under way. In fact, you can start filing your individual tax returns on January 29th, 2018. And for a lot of us, that means that we will be getting our tax refunds back really soon… let’s break down why direct deposit may be the way to go for you personally.
Here’s Why:
Getting a direct deposit from the IRS is easy, safe, and fast. In fact, according to the IRS statistic itself, about 80% of taxpayers choose it every year.
It’s FAST
If you electronically file your federal tax return and use direct deposit, this is the quickest way to get your refund back.
It’s SECURE
Because your funds are going right into a bank account, there is no risk of having a paper check lost, or even stolen.
It’s EASY
Having direct deposit is an easy choice – all you need are the correct numbers for your bank.
It Gives OPTIONS
You can even select the option to split the refund into several financial accounts. This include checking, savings, education, etc. You would use the IRS Form 8888 Allocation of Refund to deposit your refund in up to three of your accounts.