Don’t wait around for a paper check. Have your federal (and state, if applicable) tax refund deposited directly into your bank account. Selecting Direct Deposit is a secure and convenient way to get your money into your pocket more rapidly.
Security
Eliminates any possibility of a check being lost in the mail. Thousands of checks are returned to the IRS by the US Post Office every year as undeliverable mail. Direct Deposit eliminates the possibility of you not receiving your check, or of your refund check being stolen from your mailbox.
Convenience
The money goes directly into your bank account. You won’t have to make a special trip to the bank to deposit the money yourself.
Ease
Simply provide this office with your bank routing number and account number when we prepare your return and you’ll receive your refund far more quickly than you would by check.
Multiple Options
You also have the option of electronically directing your refund to multiple accounts. With the “split refund” option, taxpayers can divide their refunds among up to three checking or savings accounts and three different U.S. financial institutions. A word of caution—some financial institutions do not allow a joint refund to be deposited into an individual account. Check with your bank or other financial institution to make sure your direct deposit will be accepted.
Deposit Can’t Be to a Third Party’s Bank Account
To protect taxpayers from scammers, direct deposit tax refunds can only be deposited into an account or accounts owned by the taxpayer. Therefore, only provide your own account information and not account information belonging to a third party.
For more information regarding direct deposit of your tax refund and the split refund option, contact the Tax Experts at Henssler Financial: 770-429-9166 or experts@henssler.com
Disclosures:
All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing.
