IRS reveals the fastest way to get your tax refund

Tax season is in full swing in the United States.

From January 23 to April 18, the IRS will be receiving federal tax returns from individuals and businesses , corresponding to the fiscal year 2022.

According to official estimates from the government agency in charge of tax collection, it is expected that around 168 million Americans will file their respective tax returns this year.

If taxpayers cannot complete the process by the deadline, they can request an extension from the IRS, which will postpone the deadline to October 15th. However, it is important to note that the extension only applies to process the declaration as such, not to paying taxes.

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IRS reveals the fastest way to get your tax refund

The IRS recommends filing your tax return electronically to ensure faster processing. Once your return is processed, the Internal Revenue Service has a period of 21 days to issue your refund; as long as you have completed the process electronically and have requested payment through direct deposit. The IRS has revealed that this is the fastest and best way to get your refund.

“There is no possibility that the check will not pass, be lost, stolen or destroyed,” says the government agency.

If you carry out the process in the traditional way and wait for the payment via printed check, the time for receipt of the refund may increase from six to twelve weeks, however, the payment may be delayed more depending on the workload of the IRS; so it is best to follow the recommendations of the government agency.

“There is nothing like the electronic transfer system used to deposit about 98 percent of benefits from millions of Social Security and Veterans accounts,” the IRS notes.