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By the end of January, you should have received all forms necessary—such as W-2s—to file your tax return with the IRS. If you’re short on money, your refund could be a great way to boost your income and minimize your need for a cash advance. But, since the IRS takes, on average, 21 days to process and distribute refunds, you’ll need to adopt a smart plan to minimize how long you have to wait for a payout. To help you get your tax refund faster, here are three practices to adopt when you file.

Tips to Speed Up the Tax Refund Process

1. Double-Check Your Return

The sooner you file, the sooner you’ll get your refund from the IRS. However, keep in mind that rushing through the filing process could cause you to make errors. If the IRS gets hung up on a mistake, you may have to correct it before your refund can be processed and distributed.

To minimize the risk of error, double-check all information to ensure it’s correct. Using an online tax preparation software or hiring a tax accountant to create your return can also help you submit error-free documents.

2. File Online

cash advanceIf you file your return by mail, it may take longer for the IRS to receive and process your information. To avoid a long wait, file online with tax preparation programs or these free IRS e-file resources.

3. Opt for Direct Deposit

If you’re getting a refund, the IRS will ask if you want to receive the payment via paper check or direct deposit. Direct deposit is often the easiest way, as it allows the funds to be transferred to your bank account. Getting a paper check refund will take longer due to the time it takes for the IRS to send it and for your bank to deposit the funds.

 

Although tax refunds can provide great financial relief, there are times when they just don’t come fast enough. Whether you’re waiting on a slow refund or need money to cover an emergency expense, Advance U Cash can provide affordable short-term loans. To receive a cash advance of up to $500 with this provider, all you need to present is proof of income, an established checking account, and two forms of valid ID. For more information about cash advances and how to apply, visit this Florence, KY, payday loan provider online or call (859) 746-2274.

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