For those who are anticipating a Tax Refund this year – the biggest question on their mind is…
How long does it take to get tax refund back?
That’s what I want to know – tough times like these call for quick action with a quick return.
According to the IRS a person has got 2 options for receiving their refund -
- Paper check
- Direct Deposit
If you go the “old fashioned” way of the paper check you should get your refund check within six weeks from the received date – way too slow for me!
The preferred method & the quickest way to get your tax refund back is Direct Deposit to your savings or checking account. You’ll get your refund back within 3-weeks after the acknowledgment date.
To check on your refund, go to “Where’s My Refund” or call the Refund Hotline at (800) 829-1954. Please allow 4 weeks after you mail your return before calling this automated system. When you call, you will need to provide your Social Security number, your filing status, and the exact whole dollar amount of the refund shown on your return. There are several reasons for delayed refunds.
AVOID using a Rapid Anticipation Loan or RAL!!!
This is a high-interest rate, short-term loan that takes money out of your pocket! Sometimes the interest rate is as high as 250% ($1,000 refund – minus a $30 e-file fee and $59 loan fee).
If you need assistance with your Taxes – contact one of our listed Tax Preparation Services – Accountants
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