How Most Taxpayers Already Receive Refunds
Many Americans have already made the switch.
According to recent IRS data, over 90% of taxpayers now file their taxes electronically, and a large majority choose direct deposit for tax refunds.
- Electronic refund options include:
- Direct deposit to a bank account
- Deposit into multiple accounts
- Prepaid debit cards
- Digital payment services supported by banks
Taxpayers who e-file and choose direct deposit typically receive their IRS tax refund much faster than those who request a paper check.
