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Direct Deposit for Tax Refunds

March 1, 2016

Direct Deposit is a safe, reliable, and convenient way to receive Federal payments. The Department of the Treasury’s Bureau of the Fiscal Service and the Internal Revenue Service both encourage direct deposit of IRS tax refunds. Direct Deposit combined with IRS e-file provides taxpayers with the fastest and safest way to receive refunds.

Did you know...

  • Eight out of 10 taxpayers get their refunds by direct deposit.

  • Direct deposit is simple, safe and secure.

  • 98 percent of all federal benefits are made by direct deposit.

  • Direct deposit also saves you money. It costs the nation’s taxpayers $1 for every paper refund check issued, but only about a dime for each direct deposit made.

To learn more about signing up for direct deposit, call us at 859-253-6222.

The U.S. Department of the Treasury has also answered some FAQs regarding tax refunds and direct deposit via the link below:

https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions