Five Steps to Get Your Income Tax Refund Fast

Remember, your income tax refund is your money that you are lending to the government interest free. The sooner your complete the filling process, the sooner you get your money back. So get busy and complete those forms now.

If you only have your income, bank interest and may be school fee or loan interest, you can fill your own taxes. You do not have to pay $50.00 to $100.00 for a tax preparer to put numbers in your tax forms. You can do it yourself. You have to collect and prepare all documents already. Why not do the final step by just put the numbers in the right spaces by yourself.

You should have received your tax booklets and forms by now. Some of your employers also already sent you your w-2. The government requires that employers have to send your w-2 by February 1 of the year. Following are five steps to help you to get your income tax refund fast.

1. Gather your tax booklets such federal tax, state tax, and local tax. You also need to find all of your w-2 forms, your 1099 forms from banks interest earned in 2009.

2. Designate an area as tax filling place so you can spread all of your documents out to make them available at a glance.

3. Group your documents into group of the same category such as interest paid, interest earned, income, sale tax... Put each group in a separate envelop. Calculate the total for each group.

4. Now is the time to take your tax forms out and start with the federal tax first because some state tax accepts federal form. Therefore, if you completed it for federal income tax report, you only need to make a copy for states and local income taxes.

If you have no deduction and no children, you can use (click on the words) the 1040EZ form and instruction. There are 13 items, but you only need to fill out 12 items to get your refund. All of the instructions how to fill out each line are clearly stated on the form. Just do exactly as instructed on the form.

5. Sign your income tax form and choose which way you want your refund. If you want your refund check, just sign, date, occupation, and mail your income tax. If you want your refund to be deposited directly in you bank account, fill in the routing, account number, and what type of account, checking or saving. Mail your completed income tax form in the envelop, that came in with your tax booklet.

Use the label that addressed to you on your income tax booklet for the top section that says “Label Here”. Make sure to check if your name and address are correct.

You can use the information on your form to fill online or e-file to get your refund in 10 days with direct deposit.

You also can get help by access Free File through the IRS Web site and click on Free File. You can read more about Free File there.

Now you can go get started to get your income tax file so that you can get your refund fast. Good luck.

Disclaimer: This tax information is found in the IRS publication, provided as a public service, and cannot guarantee the accuracy of the information provided.