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Let the IRS do the work for you
If you have to pay taxes on your income in the United States of America, you should be aware that the Internal Revenue Service which is the taxing authority of the USA offers eligible taxpayers the option to have their tax refund directly deposited into as many as three accounts.
The I.R.S. implemented this a few years ago to encourage taxpayers to take advantage of a quicker refund as well as to cut down on the cost of printing and mailing refund checks.
While it is to your advantage to have your refund directly deposited into your account, you are encouraged to think about where you want your money to go.
You can have the money go straight into your checking account and spend it right away. You can also have your money go straight into your retirment account and invest it right away. You can also split your money three ways and have the IRS direct it into three different accounts in your name.
While the tax returns varies for each individual, you can ask yourself several questions to determine the S.M.A.R.T. approach to help you direct the I.R.S. to where to send your tax refund.