The three state officials said that besides faster refunds, electronic commerce offers taxpayers convenience, confirmation of filing and payment, and improved accuracy. Comptroller Hynes noted that his office processed more than 260,000 refunds via direct deposit last year, twice as many as the previous year. Even more growth is anticipated this year when paper filers can use direct deposit . That option allows for the fastest and most efficient turnarounds for refunds.
Direct deposit is the most secure and cost-effective means of distributing refunds.
Comptroller Hynes said that while only taxpayers who use both electronic filing and direct deposit will enjoy the approximately seven-day turn around for refunds, taxpayers who only use direct deposit will also see a benefit. It's our job to put it in their hands as quickly and as safely as possible. TeleFilers must complete the worksheet in their tax booklets before calling. All electronic filing methods provide a confirmation of filing, include edits that eliminate math errors, and several offer filing from home at their convenience. I urge everyone to try electronic filing this year.