Tuesday, February 5, 2008

Receive Your Refund Faster with Direct Deposit

Want your refund faster? Have it deposited directly into your bank account. More taxpayers are choosing direct deposit as the way to receive their federal tax refunds. More than 61 million people had their tax refunds deposited directly into their bank accounts in 2007. It’s a secure and convenient way to get your money in your pocket faster.

Security. The payment is secure — there is no check to get lost. Each year thousands of refund checks are returned by the US Post Office to the IRS as undeliverable mail. Direct deposit eliminates undeliverable mail and is also the best way to guard against having a tax refund stolen.
Convenience. There’s no special trip to the bank to deposit a check!
To request direct deposit, follow the instructions for "Refund" on your tax return.

Want an even faster refund? Try e-file from turbo tax! Taxpayers who file electronically get their refunds in about half the time as those who file paper returns.

Search for turbotax promo code and you can also electronically direct your refund to multiple accounts. With the new "split refund" option, taxpayers can divide their refunds among as many as three checking or savings accounts and three different U.S. financial institutions. The split refund option, using Form 8888, is also available for online returns when you use turbotax promotion code.

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