IRS News Release: Direct Deposit Speeds Up Refunds (IRC §6402) - Bloomberg Tax

With the onset of the 2019 tax filing season, taxpayers with refunds due would be better suited using direct deposit, the IRS announced. The IRS touted the simplicity and speed for which taxpayers can receive their refunds. Using direct deposit, a taxpayer can split their refund into up to three financial accounts, including a bank or Individual Retirement Account, the IRS noted. Taxpayers that electronically file their returns can get their refunds even faster with direct deposit. [IR-2020-05 (Jan. 9, 2020)]

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IRS News Release: Direct Deposit Speeds Up Refunds (IRC §6402) - Bloomberg Tax
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