Direct Deposit Your Federal Tax Refund

2/29/2016

The Internal Revenue Service (IRS) has been working with Financial Institutions to increase direct deposit for the upcoming 2016 tax filing season.


Key Benefits

  • 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.

Learn more about the benefits of direct deposit at the IRS website.