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Thanks US Treasury: Right on Time!

February 28th, 2009 at 07:18 am

My federal tax refund hit my account yesterday. Right on time. I used Turbo Tax (through Vanguard, $48.70 for Home & Business edition), e-filed, and requested that our refund be direct deposited to our account. After filing we got a "expected to receive by" date and that date was yesterday ... so our refund arrived exactly as expected. Very nice. I remember the day when you used to mail in your return and wait and wait and wait for a check, with no clue when it would arrive. Things have certainly improved a lot.

For anyone wondering why we got a refund (aka an interest-free loan to the US government), well, we are self-employed, so we have to make estimated tax payments based on our previous year's income. Income down last year = lower taxes = refund. So, the refund isn't anything to celebrate for a couple of reasons, but I will cheer the US Treasury for it's much improved efficiency in processing refunds.

For any Vanguard customers who haven't filed yet, here's the link to filing using Turbo Tax through Vanguard:

Text is https://personal.vanguard.com/us/planningeducation/taxcenter/PEdTaxTurboTaxForWebContent.jsp and Link is
https://personal.vanguard.com/us/planningeducation/taxcenter...

4 Responses to “Thanks US Treasury: Right on Time!”

  1. Aleta Says:

    We also received our direct deposited refund yesterday as well. First time we have used it. We have the same issue as you about having to make estimated payments.

    That's great to know about Vanguard's service. You're right about not having to wait or maybe the check geting lost in the mail and then having to take it to your bank and not to mention how much longer it takes to get your refund.

  2. frugaltexan75 Says:

    I still need to do my taxes. I'm not expecting a refund, so I'm not too anxious to get them done. Smile

  3. scfr Says:

    Oh, frugaltexan ... I'm just like you. If a refund's due me, I'm right on top of it, but if I am going to have to pay I wait until pretty close to the deadline. Smile

  4. Amber Says:

    I still haven't tackled my taxes yet, just plain 'ol lazy but I will this weekend

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