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Yes. The IRS deposits the federal income tax refund into a temporary account, typically in as little as 21 days, from the date the IRS acknowledges processing the federal tax return. Upon receipt of the refund from the IRS, the authorized fees are deducted and disbursed. The remaining balance is disbursed to the taxpayer via the disbursement method chosen.
Yes. The IRS deposits the federal income tax refund into a temporary account, typically in as little as 21 days, from the date the IRS acknowledges processing the federal tax return. Upon receipt of the refund from the IRS, the authorized fees are deducted and disbursed. The remaining balance is disbursed to the taxpayer via the disbursement method chosen.
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