Are you expecting a tax refund this year? Consider receiving your refund via direct deposit. According to the Internal Revenue Service, receiving your tax refund via direct deposit is easy, safe and fast!
It’s also the most popular option for receiving a tax refund, as refunds can be processed in 21 days or less instead of four to six weeks by mail. According to information from the IRS, eight out of 10 taxpayers choose this method to receive their refund. Filing electronically also avoids the possibility that your check could be lost or stolen or returned to the IRS as undeliverable.
What you need to provide for direct deposit
If you wish to receive your refund via direct deposit, you must choose the option on your tax return.
You’ll also need to provide your banking information:
7 17 Credit Union routing number: 241282849
Your 7 17 Credit Union account number:
- Your checking account number can be located on the bottom of your checks.
- Your savings account number can be located on your account statement.
The IRS is not responsible for any errors you might make when entering your bank information, and you will not be able to change information once you submit your tax return. Be sure to double-check your information to make sure it is correct before submitting it to the IRS. Your tax refund must be deposited into an account in your name. You are not able to deposit your refund into another person’s account. Also, a joint refund cannot be direct-deposited into an individual account.
Track your refund
Refund information will typically be available within 24 hours after the IRS acknowledges receipt of an electronically filed return or four weeks if you mail a paper return. You can track its progress using the “Where’s My Refund?”
app online or the free IRS mobile app IRS2Go