Tax refunds are expected to be huge this year. How to get yours ASAP
Yahoo Finance·2026-01-25 10:06

Group 1 - The core point of the article is that tax refunds are expected to be significantly higher this year, with many Americans seeking the fastest method to receive their refunds through electronic direct deposit [1][2] - Approximately 75% of Americans typically receive tax refunds, with the average refund in 2025 reported at $2,939. This year, refunds could increase by as much as 30% due to new provisions from President Trump's tax and spending bill [2] - The IRS aims to increase the percentage of taxpayers receiving refunds via direct deposit, as it is the fastest and safest method, having phased out paper checks for individual taxpayers since September 30 [3] Group 2 - Nine out of ten taxpayers currently receive refunds through direct deposit, which is over 16 times less likely to be lost, stolen, altered, or delayed compared to paper checks [3] - To sign up for direct deposit, taxpayers using tax software need to select direct deposit and provide their bank account and routing numbers [4] - Taxpayers using a tax preparer should inform their preparer of their preference for direct deposit, while those filing paper returns must mark direct deposit and ensure their information is accurate to avoid delays [5][6] Group 3 - For individuals without a bank account, options include finding a bank through the FDIC website or the National Credit Union Administration, as accounts can typically be opened quickly [7] - Refunds can also be deposited onto reloadable prepaid debit cards or mobile apps, which may have different routing and account numbers from the card number [8]

Tax refunds are expected to be huge this year. How to get yours ASAP - Reportify