Still not sure it’s for you? Here are four good reasons to choose direct deposit:
You should deposit your refund directly into accounts that are in your own name, your spouse’s name or both. Don’t deposit it in accounts owned by others. Some banks require both spouses’ names on the account to deposit a tax refund from a joint return. Check with your bank for their direct deposit requirements.
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This is not something that you would think would be a MUST HAVE for your smart phone but is pretty cool to track your tax refund.
Check refund status. Instead of having the client continuously calling you, the app includes an easy-to-use refund status tracker so taxpayers can follow their tax return step-by-step throughout the IRS process. Just have them enter their social security number, filing status and the expected refund amount. Your client can start checking on the status of their refund 24 hours after the IRS confirms receipt of an e-filed return or four weeks after mailing a paper return. Since the IRS posts refund updates on a daily basis, there’s no need to check the status more than once each day.
Go to your playstore and the app is called IRS2GO.
Have questions about your refund or preparation of your tax return? Give us a call.