What is a Split Refund?
A split refund lets you allocate your refund and deposit the money into three separate accounts, no matter the amount. These accounts must be approved by the U.S. financial institutions. You can avail this using Form 8888 (Allocation of Refund) and indicate that you want your refund split or even use it all to buy $5,000 in U.S. Series I Savings Bonds.
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