Can I Have My Tax Refund Deposited into Multiple Accounts?

Yes — you can split your tax refund into up to three different bank accounts using Form 8888. This is useful for automatically sending part of your refund to savings and part to checking. You can also direct all or part of your refund into an IRA — including directly funding your contribution for the tax year you just filed. If you don't provide direct deposit information, the IRS mails a paper check, which takes several weeks longer. Make sure your bank routing and account numbers are correct — an incorrect number can delay or misdirect your refund.