Tax Tips for 2024 Tax Return Filing
Check Your Refund Status
If you have already filed your 2024 tax return, you can check the status of your refund 24 hours after e-filing or 4 weeks if you filed a paper return. To check the status of your refund, visit irs.gov/refunds.
The IRS officially started accepting and processing 2024 tax year returns on Monday, January 27, 2025. The tax filing deadline is Tuesday, April 15, 2025.
Tax Form Delivery
Texas National Bank tax forms (Form 1099 and Form 1098) should be arriving in customer mailboxes in early February if you have not already received them. Please call the bank if you find yourself in need of a replacement copy.
Have your refund deposited directly into your Texas National Bank checking or savings account.
All you will need is the Texas National Bank routing number – 111317569 – and your account number, which can be found on your checks or in Online or Mobile Banking when you click on the details drop down.
You are receiving a tax refund. Now what?
First, congratulations! It is always exciting to receive a refund from the IRS. While our first instinct is to spend that money right away, we have a few recommendations for saving your money, which will certainly give you more satisfaction overall.
Build your emergency fund: Ideally, your emergency fund should cover about 3 to 6 months worth of expenses. If you are just starting out, begin with small goals like saving $25 a month which will get you to $300 by the end of a year. Do what works for you and your budget.
Pay down debt: Relieve yourself of the monthly payment obligation and enjoy the newfound monthly cash flow!
Grow your money with a Certificate of Deposit (CD): If you’re able to lock your money away for a period of time, consider a CD. With higher interest rates than most checking and savings accounts, you can park your refund and watch it grow.
Beware of tax refund scams
As always, use caution when you receive any unexpected communication from the IRS, especially during tax season. There are many reported forms of fraud including email refund schemes and phone impersonators. Do not give out any personal information like your social security number or bank account numbers. The IRS initiates most contact through regular mail via the US Postal Service and will not initiate contact via email or text message requesting personal financial information. For more ways to protect yourself during tax season, visit the IRS website.