Do you want your stimulus check fast? Apply for a return via direct deposit
Do you want your stimulus check fast?  Apply for a return via direct deposit

Do you want your stimulus check fast? Apply for a return via direct deposit

Stimulus check

Receipt of your stimulus check tax repay days earlier than planned is a pleasant surprise. Since the backlog of tax returns has stretched over to 2022, the IRS is forcing people to file online and set up direct payments to receive their stimulus check tax refund faster. This is especially crucial if there is a stimulus check on the table, such as your final child tax deduction.

Based on previous years’ processing times, taxpayers who e-file should expect to receive their stimulus check by direct payment as soon as one week after filing. It is important to remember that the processing time usually gets slower when the tax season begins and that IRS processes multiple returns.

Direct deposit helps you get your stimulus checks faster

The IRS uses computers to process electronically submitted returns, while paper returns must be processed by human workers. In the early stages of the epidemic, the IRS closed its offices and staff stopped receiving mail, delaying the processing of paper returns.

Aside from staff disruption caused by the epidemic, IRS personnel have not kept pace with population growth. Despite a population growth of 60%, the agency’s employment is currently the same as in 1970. This means that fewer people will be needed to cope with a larger number of returnees.

According to data from the Taxpayer Advocate Service, about 10 million people submitted paper forms last year, equivalent to about 7% of the 148 million reports filed in 2021. Tax experts urge individuals to join the approximately 138 million taxpayers currently uses e-archiving.

The IRS also advises people to make a direct payment of their refund. According to the agency, the fastest way to get your money is to use a combination of e-filing and direct deposit, which transfers the money directly to your bank account.

Last year, about 95 million customers received refunds, of which about 87 million opted for direct deposit.

According to the IRS, most people who submit electronically and opt for direct deposit will receive their rebate within 21 days, provided there are no return issues.

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