Taxpayers have until April 18 to submit their returns from 2022. The IRS says the fastest way to get your tax refund is through direct deposit.
helps low- to moderate-income workers and families get a tax break. According to the IRS, if a person qualifies, they can use the credit to reduce the taxes they owe while possibly increasing the amount of the refund.helps families with qualifying children get a tax break. According to the IRS, an individual may be able to claim the credit even if they don't normally file a tax return.
Additionally, the IRS says they must hold the entire refund, not just the portion, with the earned income tax credit or additional child tax credit.Once you file your taxes, the quickest way to get your return is through direct deposit. This method avoids the hassle of waiting to receive your refund check by mail. Plus, it minimizes the chances of it being lost or stolen or returned to the IRS as undeliverable.
According to the IRS, prepaid debit cards or mobile apps may allow a direct deposit of tax refunds but a routing and accounting number must be associated with it. The IRS notes that tax filers can contact the mobile app provider or financial institution to confirm which numbers to use.
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