Tax season has officially kicked off for individual filers. Here’s how to avoid mistakes and get a faster tax refund, according to experts.
Tax season officially kicked off for individual filers on Jan. 29, and the IRS has started to process 2023 returns.
If you're expecting a refund this filing season, there are a few ways to get the money faster, experts say.After-tax 401 contributions can be an ‘opportunity’ for big savers"Filing electronically and selecting direct deposit is the best way to get your refund fast," IRS Commissioner Danny Werfel told reporters during a media briefing Friday. During fiscal 2022, some 93.
When selecting direct deposit, it's important to double-check your banking details such as routing and account numbers. If those are wrong, the IRS may have to mail your payment by check, experts say."You need to be accurate," Steber said."You can guesstimate on horseshoes" but not on your taxes, Steber added.
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