Taxes 2023: Tax filing steps to avoid to get your rebate as soon as possible

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As residents continue to combat rising prices on basic needs, many are greatly anticipating the tax rebate they will receive once they file their taxes.

The Internal Revenue Service has claimed that it will send 9 out of 10 refunds within three weeks, though it has also given a heads-up that taxpayers should not expect to receive their rebate at an exact date this year. The lack of clarity of when taxpayers will receive their payment will likely cause frustration for the taxpayers most in need of their rebate, according to CBS.

Taxes “are not completed until taxpayers get their money in their pocket,” said Mark Steber, the chief tax information officer at Jackson Hewitt. “The backlog at the IRS, the challenges at the IRS from lower staffing, has taught us several best practices for getting your money faster.”

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Here are some steps tax filers can take to receive this year’s rebate as soon as possible.

Filing your taxes by paper

When dealing with paper tax returns, the IRS needs to enter data from these paper returns into their computer systems manually, slowing down the process of recipients receiving their rebates. Steber recommends filing all returns electronically, noting that doing so “can cut weeks or days off your refund timing.”

Out of a total of 164 million returns, roughly 13 million people filed paper tax returns in 2022, a decrease from when there were 17 million paper tax returns in 2019, according to statistics from the IRS.

Not asking to receive your return via direct deposit

Both Steber and the IRS advise tax filers to ask for their rebate to be sent to them via direct deposit, as doing so can cut down on time if the rebate had been sent by mail. When asking for direct deposit, the IRS will ask for bank account and routing numbers, which filers should make sure are correct when giving the numbers to the agency.

Not being exact with your numbers

Steber notes the IRS is “pretty good about matching data” and recommends being exact with one’s numbers when filing taxes, including one’s income and mortgage rate. Failure to do so could lead to returns getting flagged for review, further delaying a rebate.

Not double-checking personal information

Another way returns can get flagged for review is if it has incorrect information regarding the filer. An example of this would be unintentionally giving the IRS an incorrect Social Security number, Steber said.

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Not waiting until you have all your tax forms to file

Though some may want their tax rebate as soon as possible, waiting to file until you have all of your tax forms is key when filing. While the IRS will begin accepting tax returns on Jan. 23, employers are not required to send workers their W-2s, which are wage and tax statements for 2022, until Jan. 31.

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