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The IRS has been urging taxpayers to set up direct deposit for faster, more secure receipt of their tax refund in 2022. But for the more than 7 million Americans who are "unbanked," which...
The current round of stimulus payments, part of a new $1.9 trillion stimulus deal, began distribution at the end of last week through direct deposit. The IRS has yet to announce the schedule...
A TreasuryDirect account holder can direct the Treasury to deposit all or part of their income tax refund into their account using IRS Form 8888. A person can also instruct their employer to direct deposit an amount from each paycheck into their TreasuryDirect account, which replaced an earlier system where an employee could instruct their ...
On Feb. 9 the IRS announced that taxpayers who file an amended tax return electronically can now choose direct deposit to expedite their refund.
Under the current system, processing tax returns can take as long as one week and taxpayers have to wait between 14 and 35 days for the IRS to deposit their refund or mail them a check. Using CADE, tax returns will be generally completed within 24 hours and deposits issued within 48–72 hours.
If you chose to e-file your taxes and opted for a refund via direct deposit, you should receive your refund within 21 days after you file.
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