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[when is my tax relief check coming]

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Tax Refund and Rebate Check or Deposit

There may be many reasons why you want that tax refund check. It may be to pay your mortgage or rent or to go on the vacation you have delayed way too much. One thing is for sure once you make that tax deposit your plans will go into high gear. So considering your plans it makes it all the more difficult to wait till you get that tax refund. You should also realize that not every tax refund results in a check or deposit in your bank account. Some taxpayers elect to have their refund applied to the next year or a tax refund may be taken to offset taxes not paid in a prior year.

NYC residents need that tax refund no more than ever

Why is a tax refund bad?

You probably think that getting a tax refund is like winning the lottery or some sort of contest. A better example may be making a deposit in a bank where you do not receive interest, does that sound like a good deal? If you think of it as money that you already earned possibly thirteen months ago the tax check you receive might not seem so great anymore, when you realize that by filling out a correct form W-4 you may have seen that money quite a while ago and would not be waiting on it now. In fact even if you are not paying in any withholding you could actually get your earned income tax credit paid to you during the year in advance of your tax filing by giving your employer the right forms. 

What is the fastest way to get your tax refund check?

You may want to consider doing direct deposit into your checking account to get your money faster, it surely would save you the trip to the bank. Faster than that may be electronic filing of your tax return which would get your taxes filed quicker. Other taxpayers have used a Refund Anticipation Loan to get that refund it a few short days. Please be aware that there are fees associated with refund anticipation loans and they can add up to a very high percentage rate for the number of days you have the use of the money. 

Did your tax refund measure up?