Are you eagerly waiting for your tax refund? You're not alone! According to the IRS, more than 150 million individual tax returns were filed in 2021, and approximately 70% of filers received a tax refund. It's no surprise that many people want to get their refund as quickly and securely as possible and “where’s my refund” is a common question.
Here are some tips to help you get your tax refund quickly and securely:
File your taxes early. The earlier you file your taxes, the earlier you'll receive your refund. The IRS begins processing tax returns in late January, and they usually issue refunds within 21 days of receiving a tax return. So, if you file your taxes early, you'll likely receive your refund earlier and avoid any unforeseen delays that could pop up.
Choose direct deposit. If you choose direct deposit as your refund option, you'll get your refund faster than if you receive a paper check in the mail. Direct deposit also eliminates the risk of your refund check getting lost or stolen in the mail.
Verify your bank information. Make sure you provide the correct bank account and routing numbers when you file your taxes. If you make a mistake, your refund could be delayed or deposited into the wrong account. Double-check your bank information before submitting your tax return.
Beware of scams. Unfortunately, tax refund scams are common during tax season. Scammers may try to trick you into giving them your personal and financial information by phone, email, or text. Be wary of unsolicited calls or messages claiming to be from the IRS or other tax agencies. The IRS will never ask for your personal or financial information via email, text, or social media. If you discover you are a victim of a scam or your tax return has been filed already, contact us immediately.
Track your refund. You can track the status of your tax refund using the "Where's My Refund?" tool on the IRS website IRS.gov. You'll need your Social Security number, filing status, and the exact refund amount to check your status. Just an FYI refund statuses update once daily.
Getting your tax refund quickly and securely is essential for many taxpayers. By following these tips, you can ensure that you receive your refund as soon as possible and avoid scams or delays. And if you need help with your tax return, R&G Brenner Tax + Accounting is here to help. We offer professional tax preparation services and can help you get the most out of your tax return. Contact us at 888-APRIL-15 today or click “Book Now” above to schedule a consultation or appointment.