More than 80 million taxpayers choose direct deposit for their tax refund option! Below are four reasons why this is the safe and convenient option:
- Security. Thousands of IRS paper checks are returned by the Post Office to the IRS marked "undeliverable." Many others are stolen out of mailboxes on the street. Direct deposit eliminates these risks.
- Convenience. Refunds come faster and go directly into your designated account. No trip to the bank. It doesn't get any easier!
- Simplicity. Simply tell your qualified tax preparer that you want direct deposit. Be sure that you provide your bank routing number (always 9 digits) and proper account number. That's all it takes.
- Options. Do you want part to go into your checking account and part into a savings account? Simply let your preparer know what you would like and Form 8888 will allow you to split up your tax refund, even allowing for the purchase of US Savings Bonds with a portion of it.
Remember, the longer you wait to file, the longer it will be before that money is sitting there in your bank!