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year at the top of the form. Reminder Continuous-use form. Form 8888 has been converted from annual revision to continuous use. The form will be updated as needed. General Instructions Purpose of Form 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
Information about Form 8888, Allocation of Refund (Including Savings Bond Purchases), including recent updates, related forms and instructions on how to file. Use Form 8888 to directly deposit your refund (or part of it) to one or more accounts at a U.S. bank or other financial institution.
Form 8888 should be used for the direct deposit of your refund into two or more accounts, including the purchase of U.S. savings bonds. You should also be aware that your deposits may be rejected by your financial institution if:
Yes. When you file your 2023 tax return by October 15, 2024, include IRS Form 8888. Complete Part 2 to tell the IRS you want to use part (or all) of your refund to purchase paper I bonds. Purchase amounts must be in $50 multiples and you can choose to have any remaining funds delivered to you either by direct deposit or by check.
Learn how to allocate tax refunds, including savings bond purchases, with Form 8888. Understand the process, eligibility, and benefits.
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The straightforward form lets the IRS know exactly what you want to do with your refund, permits it to make a direct deposit rather than issuing a paper check, and, for many taxpayers, gets your money in your account much faster than if you’re trying to wait for that paper check to arrive.