Remove Direct Deposit Remove IRS Remove Tax Refunds
article thumbnail

IRS Sends Refund Interest Checks To 13.9 Million Taxpayers

PYMNTS

Department of the Treasury and the IRS are planning to send out interest payments totaling $18 on average to 13.9 million Americans who filed their tax returns in the last few months, according to a press release. In any such incident, where the date is postponed from its usual April 15 deadline, the IRS is required to pay interest.

IRS 120
article thumbnail

Credit Karma To Advance Tax Refunds For Free

PYMNTS

citizens who file their tax returns through Credit Karma Tax to get a $500 to $1,000 advance on their tax refund with no fees or interest. The clients can get access to the funds as quickly as 24 hours after the IRS accepts the tax return. In a press release , the company said the service will enable U.S.

article thumbnail

Death And Taxes: One Is Becoming Much More Digital

PYMNTS

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. Rise of Quicker Payments. New Products.

article thumbnail

Tax Time Tardiness And The Faster Refund

PYMNTS

The March 2020 Disbursements Tracker ,® done in collaboration with Ingo Money , explores faster payment options that are available to taxpayers and tax preparers in this time of turmoil, so that when refunds are (eventually) issued, they will be digitally disbursed with speed and safety. It’s About More Than Taxes.

IRS 52
article thumbnail

How Smarter Payment Tools Make Filing Taxes Less Taxing

PYMNTS

As of March 16, 2018, the Internal Revenue Service (IRS) reports approximately 72.7 For many, though, the hard part comes after their taxes are filed and they are forced to play the waiting game, even if they opt to get refunds with direct deposit. percent uptick from the same period in 2017.

article thumbnail

State And Local Governments Wrestle With Faster Payments

PYMNTS

More states are starting to use recurring digital payments as the means by which tax refunds and other government monies are paid out. Advocates argue that digital funds deposited on debit cards are less prone to fraud and error, with speed and convenience for recipients. On the other hand, nothing succeeds like success.

article thumbnail

Data Dive: The Yes, No, Gotcha! Edition

PYMNTS

Credit Karma said yes to early tax refunds for consumers – for free. Good Tax Lending Karma. Good news for consumers avidly awaiting their tax refund for 2018: Credit Karma Tax is rolling out a new product call Earlybird Advance, an online refund advance service. And that was just Tuesday.