Law Dictionary

To search for a particular term please use the following search box.

Direct Deposit

(Tax Law)

This allows tax refunds to be deposited directly to the taxpayer's bank account. Direct Deposit is a fast, simple, safe, secure way to get a tax refund. The taxpayer must have an established checking or savings account to qualify for Direct Deposit. A bank or financial institution will supply the required account and routing transit numbers to the taxpayer for Direct Deposit.

Source : Internal Revenue Service - United States Department of Treasury

Language : English

Return

Return to Law Dictionary Index