To fast-track your 2024 tax return, the IRS recommends direct …

Jan 4, 2024 · You can use your tax software to do it electronically or use IRS Form 8888, Allocation of Refund if you file a paper return. You can split your refund, in any proportion you want, and direct deposit funds in up to three different accounts with U.S. financial institutions, …

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How To Track Your 2024 Tax Refund – NECN

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Jan 30, 2024 · The bill would incrementally increase the maximum refundable child tax credit to $1,800 for 2023 tax returns, $1,900 for the following year and $2,000 for 2025 tax returns.

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FAQs about To fast-track your 2024 tax return, the IRS recommends direct … Coupon?

Will direct file return in 2024?

By the final week of the 2024 tax season, the IRS says Direct File processed over 5,000 accepted returns daily, totaling more than 140,000 filings. That had some wondering whether the program, which has critics, including some in the United States Congress and tax prep industry giants like Intuit TurboTax and H&R Block, would return next year. ...

How do I Check my 2023 income tax refund?

You can check the status of your 2023 income tax refund 24 hours after e-filing or after four weeks if you filed by paper. Information is updated once a day, overnight. You’ll need your Social Security or taxpayer ID number, filing status and exact refund amount on your return. ...

What is the IRS direct file pilot program?

The IRS recently completed its Direct File pilot program. This test tax filing initiative was designed to offer taxpayers a new, simple way to file their federal taxes directly with the agency for free. By the final week of the 2024 tax season, the IRS says Direct File processed over 5,000 accepted returns daily, totaling more than 140,000 filings. ...

How do I file my tax return electronically?

To file electronically you can either use the IRS' Free File service that, if you qualify, let's you file your tax return for free. Our picks for best tax apps this year also let you file electronically. When you file your taxes, you usually have the option to add a bank account so you can receive your refund through direct deposit. ...

How can I get a tax refund faster?

Tell your pro you want direct deposit. You can even speed things up more. "Combining direct deposit with electronic filing is the fastest way to receive your refund," the IRS said. DIY or call for help: Is it better to pay someone to do your taxes or do them yourself? We'll help you decide. ...

How long does it take to track a tax return?

Make sure it's been at least 24 hours before you start tracking an online return, or up to four weeks if you mailed your return. The Where's My Refund tool lists the federal refund information the IRS has from the past two years. If you're looking for return details from previous years, you'll need to check your IRS online account . ...