The IRS is slated to begin accepting 2017 tax returns on January 29, 2018. According to the IRS, 80 percent of taxpayers choose direct deposit as the method to receive their refund. Here are a few reasons why you should consider the same:
- It is the quickest way for taxpayers to receive their refund.
- It is considered the most secure method to receive the refund. Since refunds go right into a bank account, there is no risk of having a paper check lost or stolen.
- It is easy! You will simply need to provide your tax preparer with your bank account information.
- You have options to split your refund into several financial accounts, that can include checking, savings, health, education, and certain retirement accounts.
For questions or assistance in preparing your 2017 taxes or questions regarding the 2018 Tax Reform, please contact us.