Question

The Matthews want to split their refund between savings and checking accounts. How is this accomplished, if possible? OA Complete Form 8888, Allocation of Refund (Including Savings Bond Purchases). B. Splitting a refund is not possible. C. This can only be accomplished if filing a paper return. D. The Matthews do not have an overpayment on their return

Answer 1

Option A is the right answer.

Step-by-step explanation:

• Matthews can split his refund in saving and checking accounts. Under form 8888 Allocation of refund, he can split his refund in 7 combinations, 3 direct deposits, 3 series saving bond and 1 paper check.

• So long so our financial institution allows direct deposits for that type of account and has accurate account numbers, we will transfer our reimbursement to any of our checking or savings accounts with a US financial institution.