If you haven’t yet filed your tax return with the IRS but want your refund money as quickly as possible, make sure you file electronically and set up direct deposit. It’s a simple way to access your IRS money a few days or weeks sooner than if you depend on the mail to submit your taxes and receive your refund.
Your refund could arrive up to five days earlier via a money transfer app.
If you’d like to set up direct deposit with Cash App, here’s how to do it.
1. Download the Cash App app on your mobile phone and create an account or sign in.
2. Tap the Banking tab on the bottom left side of your screen. It’s the one shaped like a building.
3. Scroll down and select Direct Deposit. It will note that you can get your money two days faster.
4. Next, you’ll need to create a free Cash Card. Tap Get Free Cash Card and follow the on-screen prompts.
5. Once you’re finished, you can go back to the Direct Deposit tab and copy your routing and account numbers. Use those when you file your taxes. Your refund will arrive up to two days sooner.
Read more: IRS Delays 1099-K: What PayPal, Venmo and Cash App Users Need to Know for Tax Season
Just like Venmo (owned by PayPal) and Cash App, you can get your money back two days sooner with PayPal. Here’s how.
1. Download PayPal on your mobile device and sign in or create an account.
2. Scroll through the top menu options and select Direct Deposit.
3. Now you should be able to access your routing and account information in your PayPal wallet. You can get your refund up to five days early when you use PayPal for direct deposit from the IRS.
For more information, here’s how to track your tax refund.
