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Tuesday, February 08, 2005

It's tax time again. We managed to file very early this year and have both the federal and state refunds already. Our state refund arrived one week after we filed and the federal came just three days later.

Want to speed things up without paying an arm and a leg for those stupid refund loans? Go to the IRS website and check out the Free File program to see if you can file your federal return online for free through a participating company. You will need to check with the individual companies to determine how much they charge for filing a state return. You should also check your state department of taxation to see if they offer free filing directly through their website or sponsor corporate partnerships for free filing. Whether you file online or on paper, request direct deposit if available. This step speeds up your refund by almost two weeks. Note that some states require you to file electronically in order to receive your refund via direct deposit.



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