Do You Want Your tax Refund Quicker

By: Leada Gore

According to the Internal Revenue Service, there are things you can do to speed up your tax refund. Some are common sense – check your math, make sure all your information is correct – but there are a few tips to help speed up the process:

Having all the necessary paperwork in front of you means you’re less likely to make a mistake. Before beginning, the IRS recommends you have:

Social Security numbers for everyone listed on the tax return.

Bank account and routing numbers

Various tax forms such as W-2s, 1099s, 1098s and other income documents or records of digital asset transactions.Form 1095-A, Health Insurance Marketplace statement.

Any IRS letters citing an amount received for a certain tax deduction or credit.

Reporting all your income may seem obvious but it can help prevent issues that can hold up any refunds. Income can include revenue from :
Goods created and sold on online platforms.

Investment income.

Part-time or seasonal work.

Self-employment or other business activities.

Services provided through mobile apps.

What do you do if you’re still waiting on your 2022 tax return to be processed? Here’s what the IRS recommends if you’re working on your 2023 return: Make sure to enter $0 for last year’s adjusted gross income, or AGI, on the 2023 tax return. Everyone else should enter their prior year’s AGI from last year’s return.
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