Tax Guide

Get answers to all your questions about taxes, personal finance, insurance and more.

Options for Getting Your Refund

In the past, we had to wait three to four weeks or even months to get a tax refund check. No more. Now, there are several ways to get your refund – often within a week or two.

When you do your taxes with 1040.com, here are the options you'll be presented during the checkout process:

Direct Deposit

Direct deposit to a bank or other account is probably the most popular refund method. When e-filing your return, you can select up to three different accounts to have your refund deposited into. These accounts can be your checking, savings, IRA, and even a HSA.

For those who don’t have a bank account, you can have your refund deposited onto a reloadable credit or debit card. But: Your card must have a routing and account number. Check with your card company to be sure.

Your refund should be deposited into your account(s) within one to two weeks of the date the return is accepted – not the date it was filed.

Important: If you filed jointly, you may be unable to deposit into an individual account or IRA. Check with your bank or IRA administrator to find out more.

Also, if you’re depositing your refund to your IRA, make sure you let the IRA administrator know which year the contribution should count for if the funds will be deposited before April 15.

Treasury “I” Bonds

If you decide you would like to save your refund for your retirement or for a gift for your children or grandchildren, using your refund to buy U.S. Savings Bonds is for you. You can use all or just part of your refund to purchase a Treasury “I” bond. You have to purchase bonds in increments of $50. “I” bonds earn interest for 30 years and pay federal taxes – no state or local taxes – when you cash in the bond.

You’ll receive your bonds in three to four weeks once the IRS sends the request to the Treasury Retail Securities Site.

Paper Checks

If you’d like to receive your refund by check, you always have that option. This option does take the longest to receive. Your check will be mailed to the address on the Name & Address screen, so make sure it’s correct and that you can receive mail there.