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ironmask ironmask
 
January 26, 2009 06:24 PM

What is a split refund?

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betsyb betsyb
 
 January 30, 2009 05:36 PM
If you will be receiving a federal tax refund you can have it deposited directly into your bank account(s).

"Direct Deposit offers options. You can also electronically direct your refund to multiple accounts. With the "split refund" option, taxpayers can divide their refunds among as many as three checking or savings accounts and three different U.S. financial institutions. A word of caution - some financial institutions do not allow a joint refund to be deposited into an individual account. Check with your bank or other financial institution to make sure your direct deposit will be accepted."(http://www.theotherpaper.com/articles/2009/01/27/mojo_wire/doc497f5efa81a48697873383.txt}
Source(s):
http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/0...
http://www.mahalo.com/How_to_Find_Federal_Income_Tax_Forms_Online



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robbrown robbrown
 
January 27, 2009 12:42 AM
In terms of U.S. taxes, it is the ability to split your tax refund up into 3 different bank accounts at 3 different banks.  This became an option in 2006.

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