When filing taxes and getting a refund, you will need to choose how you will receive your money. If you knew how easy and quick it was to get your money with direct deposit, would you choose this method? Because of it’s ease, almost 84 million individuals chose this method last year. Understanding the benefits can allow you to make a more informed choice.
One of the main benefits of this method is that you will have added security. You won’t have to worry about losing a check in the mail or someone stealing your refund check. Instead, the money will be placed automatically in your checking account.
Another benefit is that direct deposit is so simple. Your TurboTax 2014 tax software will guide you towards choosing this method once you file your taxes. All you need to do is enter your checking account information to get your money.