Use Form 8888 if: • You want us to directly deposit your refund (or part of it) to either two or three accounts at a bank or other financial institution (such as a mutual fund, brokerage firm, or credit union) in the United States, or • You want to use at least part of your refund to buy up to $5,000 in paper or
Can I change my direct deposit information with the IRS for stimulus check?
Note: You can't change your bank information already on file with the IRS for your Economic Impact Payment.
Can I file form 8888 online?
Form 8888 is available online at the IRS Forms, Instructions & Publications website by typing “8888” in the search box. You can also obtain it by contacting your nearest IRS Taxpayer Assistance Center or checking at your local library, post office, bank, or even at some large grocery stores.
Do I need to attach form 8888?
IRS Form 8888 lets you allocate your tax refund to up to three different accounts. Do not use Form 8888 if you want to deposit your entire refund to one account. Instead, request direct deposit on your tax return. All Form 8888 deposits must be to accounts in your name, your spouse's name, or a joint account.
Can you split your refund using form 8888?
You can split your refund between direct deposit and a paper check by using Form 8888, Allocation of Refund (Including Savings Bond Purchases) PDF. You can split your refund up to 7 ways in any combination of the following: 3 direct deposits, 3 Series I savings bonds, 1 paper check.24 Feb 2021
How do I set up direct deposit with the IRS?
Direct deposit is easy to use. Just select it as your refund method through your tax software and type in the account number and routing number. Or, tell your tax preparer you want direct deposit. You can even use direct deposit if you are one of the few people still filing by paper.
Does TurboTax have form 8888?
Form 8888 is included in the TurboTax desktop CD/Download editions. Click on the File tab at the top of the program screen.3 Jun 2019
What bank does the IRS use for refund checks?
Republic Bank
How do I claim a bond on my taxes?
If your total interest isn't more than $1500 for the year, and you're not otherwise required to report interest income on Schedule B, report the savings bond interest with your other interest on the "Interest" line of your tax return. For more information, see the Instructions for Schedule B (Form 1040).4 Nov 2021
How do I claim my Canada Savings Bonds on my taxes?
There are two different types of Canada savings bonds: regular and compound interest. Even if you aren't paid the interest yearly (compound interest), you must report it on your tax return. The interest income you earn must be reported on line 121 of your tax return.30 Aug 2016
How do I get paper bonds?
You can no longer purchase paper Series I and EE savings bonds—those convenient envelope-stuffer gifts—at banks and credit unions; you must buy electronic bonds through the Treasury Department's Web-based system, TreasuryDirect.