TurboTax is already accepting tax returns and will securely hold them for transmission to the IRS and States once they begin accepting e-file. Whether you want to do your taxes yourself, file with the help of an expert, or have an expert file for you, TurboTax is open and ready to help you get your biggest refund.
Last year, close to 75 percent of taxpayers received a direct deposit tax refund of close to $3,000. We know that your tax refund can make a big difference in your financial life, whether you need to pay down debt or save for something special.
Combined with e-file, direct deposit is the fastest way to get your tax refund. Overall, the IRS anticipates nine out of 10 taxpayers will receive their refund within 21 days of when they file electronically with direct deposit if there are no issues with their tax return.
The IRS encourages all taxpayers to file as soon as possible and reminds you to keep copies of your prior-year tax returns for at least three years. The filing deadline to submit 2020 tax returns is May 17, 2021.
Check back with the TurboTax Blog this tax season to get the latest news for all things taxes and saving money!