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What is a split refund?

Tax_questionQ) What is a split refund?

A) The IRS allows your refund to be split. A split refund lets you divide your refund, in any proportion you want, and direct deposit the funds into up to three different accounts with U.S. financial institutions.

To allocate a split refund. you should use Form 8888 (PDF), Allocation of Refund, to request to have their refund split. 

 

Filed Under: IRS

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