The Daily Money: To get your tax refund quicker, go for direct deposit

If you're expecting a tax refund this year, the IRS encourages you to go for a direct deposit to get your money faster. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Thursday, February 2 Happy Thursday! It's Charisse Jones with the Daily Money headlines.   If you're expecting a tax refund this year, the IRS encourages you to go for a direct deposit and skip the check. Typically, 80% of taxpayers ask the IRS to put their refund directly into a bank account. But the federal agency would like to see even more choose that route, saying it's a faster and safer way to get your money than a paper check. "There's no chance of it going uncashed, getting lost, stolen, or destroyed," the IRS said.  In 2022, Americans received an average refund of almost $3,200, but the typical payment may be less this year because many pandemic-related benefits have ended. In a recession, some industries may fare better than others The Federal Reserve raised interest rates again this week and that may hobble industries like retail and manufacturing that depend on low borrowing costs and customers clamoring for consumer goods. But while many economists still expect a despite a mild recession this year, a few sectors may stay afloat or even grow.  Health care, education and government should thrive. And the leisure and hospitality industry could get through a coming downturn without cutting jobs – though the sector may not add any either. The industry is depending on consumers who may not have as much extra cash but still want to dine out or travel after being homebound during the pandemic.   Tax season 2023 Getty 📰 More stories you shouldn't miss 📰 Are gas stoves really that bad?  Here's what you need to know.  Banana Boat widens recall. Banana Boat is widening a recall it initiated last year for some batches of its six-ounce "Hair & Scalp Spray SPF30'' after benzene, a carcinogen was found in the product's propellant. Fast-food worker protections may spread. A proposed California bill that could lead to higher wages and workplace protections for fast-food workers is spurring similar legislation in other states. About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TL;DR version: how decisions by the Federal Reserve, government and companies impact you. Follow Charisse Jones on Twitter: @charissejones. Ditch the paper and get your refund by direct deposit instead: IRS Sure, the IRS can mail your refund as a paper check, but direct deposit is faster and safer, the IRS says. Here's how it works. Which industries would keep hiring in a recession while others shed... California fast food bill fight spreads across U.S., magnifying issues Gas stove bans: What's so bad about gas stoves? Cancer-causing chemical again detected in Banana Boat sunscreen spray Fed hikes interest rate at a slower pace again, aiming to tame... Smaller Fed rate hike won't be much solace for those with debt. Here's where you can score deals on Valentine's Day gifts for pets Yes, you do need to go back to the office. Success depends upon it. OPINION Australia is removing British monarchy from its bank notes   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102