If you want the IRS to deposit your refund into just one account, use the direct deposit line on your tax form. With split refunds, you have a convenient option for managing your money — sending some of your refund to an account for immediate use and some for future savings — teamed with the speed and safety of direct deposit.

Apr 11, 2024 · The IRS encourages taxpayers to file by the April 15 federal tax deadline and choose direct deposit to receive any refund they may be owed. Benefits of direct deposit. It's fast. The fastest way for taxpayers to get their refund is to file electronically and choose direct deposit. Taxpayers who file a paper return can also choose direct deposit ...

Dec 5, 2024 · The direct deposit limit will prevent criminals from easily obtaining multiple refunds. The limit applies to financial accounts, such as bank savings or checking accounts, and to prepaid, reloadable cards or debit cards.

Jan 28, 2025 · After you file your federal income tax return and request direct deposit, you can check on status of the refund using the Where’s My Refund tool on IRS.gov or the IRS2Go mobile app. Your refund status may be available as soon as 24 hours after the IRS receives your electronically filed tax return.

Nov 13, 2024 · The IRS uses direct deposit to electronically issue tax refund payments directly into taxpayers’ financial accounts. In most cases, you will receive your tax refund in less than 21 days after you file your federal tax return.

Dec 23, 2022 · The Department of the Treasury's Bureau of the Fiscal Service and the Internal Revenue Service both encourage direct deposit of IRS tax refunds. Direct Deposit combined with IRS e-file provides taxpayers with the fastest and safest way to receive refunds.

to direct deposit his or her refund into two or three accounts, you will need to complete Form 8888. Financial institutions generally don’t allow a joint refund to be deposited into an individual account. The IRS isn’t responsible if a financial institution refuses a direct deposit. Direct deposit of a taxpayer’s refund is to be made to

Feb 7, 2023 · According to the IRS, Direct deposit is the best way to receive your tax refund because it's safer, faster, and greener than getting your refund through a physical check in the mail.

Jan 22, 2025 · Fastest refund possible: Get your tax refund from the IRS as fast as possible by e-filing and choosing to receive your refund by direct deposit. Tax refund time frames will vary. Last tax year, the IRS issued more than 9 out of 10 refunds in less than 21 days.

Mar 4, 2022 · You can even split your refund between direct deposit and a paper check using Form 8888. (We recommend using direct deposit to get your tax refund faster.)