Are you one of the many taxpayers who will receive a refund when you file your federal tax return? The Internal Revenue Service says that requesting direct deposit and filing your tax return electronically will put that money in your pocket faster and easier.

Every year, more taxpayers find out how safe and easy it is to have their tax refund deposited directly into their checking or savings account. This option is available for both e-filers and paper return filers. Just make sure you use the correct account and bank routing numbers.

Generally, when you file electronically, your refund will be issued in about half the time it would take if you filed a paper return. Taxpayers who choose direct deposit will get their tax refund in even less time.

In 2004, more than 61 million taxpayers electronically filed their tax return. People who e-file find it´s the fastest and easiest way to do their taxes.

The electronic filing program checks for errors or necessary information, increasing the accuracy of your return and reducing the need for correspondence with the IRS to clarify errors or omissions. Once the return is accepted for processing, the IRS electronically acknowledges receipt of the return. You can usually file a state tax return at the same time you electronically file your federal tax return.

You can use a professional tax preparer (authorized by the IRS to file electronic returns) or a home computer to e-file.  If you received a special Telefile tax package in the mail, you may be able to file by telephone.

The IRS is again offering eligible taxpayers the opportunity to electronically prepare and file their tax returns for free through the Free File Alliance, a partnership between the IRS and private-sector software companies. Each member sets its own taxpayer eligibility requirements for the program.

Finally, with electronic filing, you can file your return early but wait to pay any balance due by the tax deadline of April 15, 2005. You can also pay electronically using a credit card, electronic funds withdrawal, or, in some cases, the Electronic Federal Tax Payment System (EFTPS).

You might want to reduce the size your refund and put more money in your paycheck throughout the year. You and your employer can refigure your federal income tax withholding, allowing the correct amount to be deducted.

For information on e-filing, check out our e-file page; you'll also find a withholding calculator and worksheet on IRS.gov, along with Form W-4, Employee's Withholding Allowance Certificate. You may also get Form W-4 from your employer or by calling the IRS toll free at 1-800-TAX-FORM (1-800-829-3676).