Are you ready for Tax Season?

It's the beginning of everyone’s favorite part of the year: tax season, or as we like to think of it, refund season!

Tax season can be stressful, but did you know that nearly 80% of people who file a return will receive a tax refund check? Yes. You read that correctly. Uncle Sam has refunded an average of $3,120 over the past few years. If you’re eagerly awaiting that big payday like most Americans, you’ll want to receive your reimbursement ASAP. Below we’ve outlined the fastest way to deposit your tax refund check with Iowa State Bank.

Why wait for a tax refund check in the mail, when you can have it automatically deposited directly into your ISB Account?

One of the best ways to ensure that you receive your refund check quickly is by electing to e-file with direct deposit. According to the IRS, it’s “the fastest way to get your tax refund check.” Filing with direct deposit is convenient and easy. Here’s a quick step-by-step guide to getting your tax refund direct deposited to your Iowa State Bank Account:

Step 1: Get your Iowa State Bank Account and Routing Numbers. 

Your Iowa State Bank account number: ____________
Iowa State Bank Routing Number:  073922432
Step 2: Include your Iowa State Bank Account information when you file your return.

If you’re using a tax software, like TurboTax or QuickBooks, you’ll be presented with options as to how you would like to receive your tax refund check: direct deposit or check by mail. Select direct deposit and make sure to include your Iowa State Bank Account number and the Iowa State Bank Routing Number listed above. If you’re having your taxes filed by a professional, let your tax preparer or accountant know that you want to receive your tax refund check via direct deposit and provide them with your account information.

Be sure to double, triple, and quadruple check the information provided to avoid any errors which could delay your refund. If your checking account number has changed in the past year be sure to update the account number in you tax software, and if applicable notify your tax preparer of the change to your account number. 

The deadline for filing your 2021 return is April 18, 2022 but the sooner you file, the sooner you’ll get your refund. Following these tips will ensure you follow the IRS’s recommendation on the fastest way to deposit your tax refund check and be the envy of all your friends.