The Fastest Way to Get Your Tax Refund

March 27, 2020

Are you ready for tax season? While stressful, filing your taxes has one big positive: Getting a refund. With the help of Encino tax consultants, you can get a sizable refund to put towards debt, bills or a well-deserved vacation.

Of course, you want to get your money as fast as possible. Fortunately, there are a few steps you can take for a quicker refund.

Choose Direct Deposit

When you file, you have the choice of receiving a check in the mail or having the funds direct deposited to your account. If you choose the check, there are many steps before you have access to the funds:

• Check gets printed
• Check gets mailed
• Check is electronically or physically deposited

Mailing alone can take seven to 10 business days, which is effectively two weeks.

A direct deposit, on the other hand, is one step: Moving funds into your account. You may have to wait a few business days before the funds are accessible, but it’s still a great deal faster than opting for a check.

E-File

While it’s possible to mail in your forms, experts recommend that you electronically file. In fact, if you employ Los Angeles tax preparation services, your taxes will certainly be e-filed. This means the forms go directly into the IRS’s digital system, where they can be quickly processed. Written forms have to be entered into the system once received, delaying your refund.

Start Early

The best way to get your refund early is to file early. All businesses and financial institutions are required to send out tax information no later than January 31, so you should be able to file in February at the earliest. The longer you wait, the more people submit documents and the more information the IRS has to process. If you delay filing until the deadline, you may end up waiting a while for your funds, even if you e-file and choose direct deposit.

This year, get your refund quickly and easily. Encino tax advisors can help you get the most out of your refund with expert knowledge of the tax code.

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