IRS Tax Tip 2003-16, (Jan. 23, 2003) -- Want a faster refund? The IRS says that more taxpayers are choosing direct deposit as the way to get their federal tax refunds. The payment is more secure – there is no check to get lost. And, it’s more convenient – no special trip to the bank to deposit a check! To request direct deposit, follow the instructions for “Refund” on your tax return.
Nearly 40 million people had their tax refunds deposited directly into their bank accounts during the 2002 filing season, a 17 percent increase from the year before. Choosing direct deposit is the best way to guard against having a tax refund misplaced or stolen.
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