Wheres My Tax Refund
Wheres My Tax Refund? How to locate your IRS tax refund.
Calculate withholding and tax online with our free tax calculator. Ready for internet filing? Use our recommended free irs tax preparation and filing.
By using the IRS' popular "Where's My Refund?" feature, taxpayers can track their refunds.
People expecting a tax refund can either call 800-829-1954, or can research online at www.irs.gov/individuals/article/0,,id=96596,00.html
Want your tax refund directly deposited into multiple bank accounts? Starting this year, taxpayers will be able to split their refund so it's deposited in up to three different accounts, whether at banks, mutual funds, brokerage firms or credit unions. The deposits do not have to be in equal amounts, either. To do this, taxpayers must complete a new form, Form 8888. Taxpayers use the form to specify the accounts the refunds should be deposited to, as well as the amounts of each.
The IRS will electronically deposit tax refunds to any U.S. financial institution, providing that accurate account and routing numbers are supplied and the financial institution accepts direct deposits for the type of accounts designated.
Be sure to double-check the routing numbers for each bank, fund account, etc, which you'll be using. An incorrect entry on Form 8888 could result in a paper check for the entire refund. And if the money goes into someone else's account due to a number mix-up, the IRS assumes no responsibility. You're responsible for settling the matter with the financial institutions involved.
Some taxpayers won't be able to take advantage of the new option, particularly tax software users. If you use TurboTax or H&R Block's tax software, you won't find the split-refund option in either program (though it could be offered in future editions). However, CompleteTax and TaxACT are offering the split-refund option.
The split-refund option is available to taxpayers who choose direct deposit regardless of whether they filed the original returns on paper or in electronic format using Form 1040, 1040A, 1040EZ, 1040-PR, 1040NR, 1040NR-EZ or 1040-SS.
However, taxpayers filing Form 1040-EZ-T, Request for Refund of Federal Telephone Excise Tax, or Form 8379, Injured Spouse Allocation, cannot opt to split their refund.
Also, taxpayers can continue to use the direct deposit line on Form 1040 to electronically send their refunds to one account.
Note that taxpayers can do things much faster electronically than by paper. For those filing their taxes electronically, the refund is deposited in their account within two weeks. A paper check refund takes three weeks.
For those filing taxes on paper, the process is longer. They get their direct deposit refund within four to six weeks or paper checks within six weeks.
For free online tax filing, go to www.creditfederal.com/free-online-tax-return-filing.html
For a free tax calculator, go to www.creditfederal.com/free-irs-tax-calculator.html
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