If you’re expecting a large tax refund in 2025, waiting can be tough—especially when you need that cash fast. Fortunately, the IRS offers ways to speed up the process, and it all starts with choosing the fastest filing methods. Let’s look into the best strategies for getting your refund ASAP, along with helpful tips if you’re not using direct deposit yet.
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Filing Options
The fastest way to receive your tax refund is by filing electronically and selecting direct deposit. Why? Paper checks can take weeks, sometimes even months, to arrive.
The IRS has made it clear: electronic filing paired with direct deposit is the quickest route to get your money. You’ll need to have your bank’s routing and account numbers ready, which you can easily find online or by visiting your local branch.
In 2024, the IRS processed approximately 161,489,000 tax returns. Out of those, 103,185,000 taxpayers received refunds, but only 93,506,000 used direct deposit.
That leaves nearly 9.7 million people waiting longer for a paper check. If you need cash quickly, avoid being in that group by setting up direct deposit.
Direct Deposit
Direct deposit sends your refund straight to your bank account—bypassing the delays that come with mailing and cashing a paper check. In fact, refunds through direct deposit can hit your account within days after processing. Compare that to a paper check, which can take weeks just to be mailed, let alone deposited and cleared.
If you don’t have direct deposit set up yet, don’t worry—it’s simple. You’ll just need to provide your bank’s routing number and your personal account number when you file.
Don’t Have a Bank Account
No bank account? No problem. The IRS offers several options to help you access your refund faster:
- Open a Bank Account: The IRS recommends opening an account at an FDIC-insured bank. You can visit your local bank or use the National Credit Union Locator tool to find a nearby credit union here.
- Veterans Benefits Banking Program (VBBP): If you’re a veteran, you can take advantage of the VBBP, which offers free banking services through participating banks.
- Prepaid Debit Cards: You can also choose to receive your refund on a prepaid debit card that accepts direct deposits. Be sure the card has a routing and account number for seamless processing.
- Mobile Banking Apps: Some mobile apps allow you to receive direct deposits, making it a great option for those who prefer online banking.
IRS Tips
Here are some quick tips from the IRS to help ensure you get your refund as quickly as possible:
- File Early: The sooner you file, the sooner your refund will be processed.
- Check for Accuracy: Mistakes in your return can delay processing, so double-check your numbers.
- Track Your Refund: Use the IRS “Where’s My Refund?” tool to track your payment status online.
- Avoid Paper Returns: Paper returns can significantly delay your refund due to processing times.
Final Thoughts
If you need your tax refund quickly in 2025, filing electronically and opting for direct deposit is your best bet. Even if you don’t have a bank account yet, there are several options to get your refund faster.
Remember, the key is to avoid paper checks and use direct deposit whenever possible. By following these steps, you’ll have your refund in hand faster, ready to cover your needs without unnecessary delays.
FAQs
How can I get my tax refund faster?
File electronically and choose direct deposit.
What if I don’t have a bank account?
Use a prepaid debit card or mobile banking app.
Why is direct deposit faster than a check?
Direct deposits bypass mailing and clearing delays.
How many received refunds via direct deposit in 2024?
93,506,000 taxpayers used direct deposit.
Where can veterans open a bank account?
Through the Veterans Benefits Banking Program (VBBP).
