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If you chose the direct deposit option for your refund, wait five days after the IRS sends the refund to check with your bank about it. If you requested direct deposit, the IRS may still mail a...
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.
If you opt for a check over a direct deposit, you’ll also need to wait for your refund to arrive in the mail. Not only is direct deposit faster, it’s also a safer way to protect your tax return.
As of 2006, tax filers may split their tax refund with direct deposit in up to three separate accounts with three different financial institutions. This has given taxpayers an opportunity to save and spend some of their refund (rather than only spend their refund).
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.
The payments for the 2020 tax year are coming ahead of schedule, with more than 700,000 residents being sent direct deposits Thursday.