Direct Deposit (continued)

Split Refund

Individual taxpayers may split their refunds between up to three accounts. For example, they can send part of their refund to a checking account and put part of it into a savings account.

To split a refund:

• In the Refund section of the tax return, check the box to indicate that Form 8888, Allocation of Refund (Including Savings Bond Purchases), is attached
• On Form 8888, record the amount and account information for each allocation
• Attach Form 8888 to the return

If the taxpayer wants the refund deposited into one account, complete the Refund section of the tax return without checking the box that indicates Form 8888 is attached.

If a taxpayer wants to split a refund into both a checking and savings account, use Form 8888 to designate the amounts, accounts, and routing numbers.

Taxpayers may also purchase U.S. Savings Bonds with their refund.