IRS eFile Opens 1/17/2012

The federal 2011 income tax filing season officially opens today as the IRS begins to accept efile. IRS efile as we often discuss on our website, is the process of completing your federal income tax forms either online or with software on your computer, then, send the forms to the IRS electronically over the internet. The alternative to efile is of course to print federal income tax forms and mail them to the IRS.

To get your IRS income tax refund as fast as possible, efile and choose the direct deposit option. The top two income tax software providers H&R Block and Turbo Tax quote 8 days as the number of days to receive your IRS income tax refund using the direct deposit option. The IRS states "in as few as 10 days" on their website.

Planning to mail in your IRS income tax refund and receive an IRS refund check by mail? That could take up to 6 weeks! For sure it is much faster to efile and choose direct deposit. If you do not have a bank account that's ok. You can still efile and request a check to be mailed which is still faster than sending in paper forms.

Source: IRS.gov

Filed Under: income tax