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So, what are the downsides of using direct deposit? When it comes to stimulus check delivery, the second round of checks revealed two issues that affected millions of people (a relatively small percentage of all direct-deposit recipients). You could get your tax refund back weeks sooner with direct deposit versus a paper check When you file your taxes, you usually have the option to add a bank account so you can receive your refund through direct deposit.
"The best and fastest way to get your tax refund is to have it electronically deposited for free into your financial account," the IRS says. When you have virtually any issues concerning exactly where as well as how to make use of
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This is a profession where luck and some decision is only important. To do this, you'll need to enter your banking information when you file your 2020 taxes this year. 2:59 You could be among the first group to get the next stimulus check faster, too On the whole, people who had direct deposit set up with the IRS received their first and second stimulus checks much sooner than those who didn't. Now that a proposed third stimulus check is on the table, you'll want to get your direct deposit information set up as soon as possible.
Also, because stimulus checks are expected to arrive while tax season is still ongoing, filing your taxes early could mean the next check is based on your 2020 filing rather than 2019, which may have certain advantages.