Tax QuestionsCategory: Tax RefundsWhat is a Split Refund?
Robert Mayes asked 5 years ago

What is a Split Refund?

If You Found The Information Here Was Useful Please Consider Sharing This Page!
 
 
  
    
Advertisement
1 Answers
tara berks answered 5 years ago

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.

If You Found The Information Here Was Useful Please Consider Sharing This Page!
 
 
  
    
Advertisement
Related Posts