In regard to the response/ Question / Concern, About using PayPal direct deposit information to receive your income tax refund. I read that 1 of you stated that you felt like you should not have used PayPal, That You heard that it takes forever to receive your refund via PayPal and that your status for your federal refund was that a standstill. The 1st thing you need to realize is your method of deposit has no bearing On if or when your refund is approved. Once you prepare your taxes they are submitted to the IRS via e-file. After submission the IRS either accepts or rejects your return. If your return is accepted, Then you will await you're approval and deposit date. You're approval and deposit date have nothing to do with the method in which you chose to receive your money. Once approved, And your deposit date is received, Then the method in which you chose to have your money deposited would come into play. So stating that your progress was at a standstill has nothing to do with PayPal. Again once your refund is approved and you receive your deposit date, Then if on that date your money is not transferred into your PayPal account( If that is in fact your chosen method of deposit) Then you have an issue. It is then you can contact PayPal and it would be one of them as to when and if you receive your money. Understand that these are Separate processes and one does not have a direct bearing on the next. Of course The fact remains if you choose e-file and direct deposit you are going to receive your money faster than if you would Have chosen to mail your return in and opt for a paper check. Just keep in mind it is only After you receive your approval and you are given a deposit date by the irs, That the method in which you selected that deposit would Have an effect on when you actually received the money. If the Iris approves you and gives you a date of February 25th for deposit, They will then one that day initiate the transfer into the method of your choice. It is at that point that your choice would have a direct effect on if and when you received your money.
