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Direct Deposit Your Tax Refund in up to Three Different Accounts
By JLP | February 6, 2007
Here’s something new for this year. For the first time, the IRS will allow filers to have their income tax refund direct deposited in up to three different accounts. This is great for people who don’t want to touch their refund. If you’re anything like me, money sitting in a bank account just seems to vanish. Anyway, to take advantage of this new service, you will have to attach Form 8888 (PDF) to your tax return. You’ll also need to check the appropriate box:
I suggest that one of those accounts be your investment account or IRA account.
Topics: Budgeting, Tax Planning, Taxes | 3 Comments »
February 6th, 2007 at 10:18 am
I already did all my taxes, but for federal they said I have to mail-in a signed form because I did my taxes 100% electronically using H+R Blocks free service.
Anyone know what the form is? H+R never prompted me to print-out a form.
February 6th, 2007 at 10:22 am
eRoCK,
Since you already did it, I would just handle the transfer myself. You’ll just have to discipline yourself to NOT spend the money elsewhere!
February 6th, 2007 at 10:49 am
I’m sorry JLP, I think I didn’t make my question clear.
I did do direct deposit and I did want everything into my own account and that’s fine.
My question was more general … since I filed electronically, the IRS asks you fill-out a form for your signature since you’re e-filing.
I did some research and found the form I was looking for … Form 8453-OL
Sorry for the mix-up!