Government to Implement Direct Deposits for Tax Refunds

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The Obama Government has recently announced that all government payments to consumers will be made via electronic deposits instead of via the mail. This means all Social Security, unemployment insurance, railroad retirement, veterans benefits, tax refunds and other government benefits will have their money directly deposited into their bank accounts. This system is part of President Obama's effort to eliminate waste and modernize the government for taxpayers.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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