And on top of the philanthropic accomplishment youâve done, you still get a bonus reward of having your donations be eligible for tax deductions. Like I have mentioned earlier, donations to public schools are treated the same when you donate to charity or other nonprofit organizations.
The IRS says it expects to issue more than 9 out of 10 refunds within 21 days, but the fastest way to get a refund is to e-file and choose direct deposit. Even if you file the old-fashioned paper way, having your refund deposited directly into a bank account cuts the time you have to wait for your tax cash.
Fill out Form 8888, Allocation of Refund, if you want to split your direct deposit refund among two or three different bank accounts. Attach the form to your income tax return. You can't change the information on Form 8888 once you've filed your return, but you can call the IRS to request refund checks instead.