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Tax filers won't have to wait too long to either see their IRS tax refund deposited electronically into their bank accounts, or to receive a paper refund check in the mail.
According to the U.S. Internal Revenue Service (IRS), the average refund check this year was up by 4.6% or $3,011 compared to $2,848 last year.
The IRS lists the following issues that might extend the tax refund processing time and delay your refund: Amended return refunds take about 16 weeks You’re filing an injured spouse claim
Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit account). Instead, they may be drawn against "available funds" or "out of fund 0027" so that the issuer can collect interest on the float or delay redemption.
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Scammers may overpay by check, asking victims to refund the difference, only for the check to later bounce, leaving victims liable. Other scams involve fake listings where scammers posing as landlords request deposits before viewings, or charge high fees for background checks, mirroring tactics in check overpayment scams. Rental scams often ...
Given the danger of stolen or lost refund checks in the mail, direct deposit is a much more secure way to get your refund quickly. Of course, the best way to get your refund faster is to file as ...
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