You definitely want to get your tax refund as soon as possible. Learn how to get your tax refund faster here.
After filing your taxes to the IRS, you want to get you tax refund sooner. You will get your refund only if your withheld taxes and refundable credits are more than what you owe. Therefore, when filing your tax returns take advantage of all tax credits and deductions you qualify for, to get a huge tax refund. That aside, how can you get your tax refunds faster? Here are 4 tips to help you get your tax refund as soon as possible.
1/ Prepare Your Taxes Before the Tax Season
This is a secret many taxpayers don’t know. Before the IRS opens the tax season, you can prepare your taxes returns in advance using online tax filing. At this time, you should work on all tax credits and deductions you qualify for and complete the necessary forms you can early enough. This will make sure, once the 2021 tax season opens, you can file the tax return easily and fast without any problem.
2/ File Your Taxes Asap!
If you want to get your taxes within the first 2021 tax refund dates, you need to file your tax return as soon as the IRS opens the tax filing period. By making sure your documents are in order, you just need to submit your tax returns to the IRS for processing. If you submit your taxes as soon as possible, there are high chances you will get your tax refund within 21 days. Therefore, when the tax agency opens the tax filing period, file your tax returns asap, and you will be among the first taxpayers to get their tax returns.
3/ Avoid Paper Tax Return and Snail Mail
To get your tax refund within a few days, you should avoid paper tax return and mail. It will take a long time for the tax return to reach the IRS via the snail mail. In addition, paper work processing takes more time. That is why the IRS is encouraging taxpayers to file their taxes electronically or online. Therefore, you should file your taxes online using online tax filing software like TurboTax and H&R Block. When you do so, you will get your tax refunds even after 10 days.
4/ Select ‘Direct Deposit’ Method
When you file your taxes, you need to select Direct Deposit as the method IRS should use to pay your tax refund. If you pick check method, it will take longer for you to get your money back. Checks have to be signed and posted, which can take time. Therefore, if you want to be among the first taxpayers to receive their tax refunds within the first 2021 tax refund dates, skip the check method.
With the above tips, you can get your tax refund within a few days after filing your tax returns. Therefore, file your taxes online as soon the IRS declares 2021 tax season open, and you will get your tax refund sooner. Use TurboTax or H&R Block to file your tax returns, and you will get your tax refund in less than 15 days.