Instructions For 1040ez - 2016 Page 22
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462016 Form 1040EZ—Line 13a through Line13d
It's proven itself. Nearly 98% of social security and veterans'
Line 13b
benefits are sent electronically using direct deposit.
The routing number must be nine digits. The first two digits must
If you file a joint return and check the box on line 13a
be 01 through 12 or 21 through 32. On the sample check later,
and attach Form 8888 or fill in lines 13b through 13d,
!
the routing number is 250250025. Henry and Naomi Maple
your spouse may get at least part of the refund.
would use that routing number unless their financial institution in-
CAUTION
structed them to use a different routing number for direct depos-
IRA. You can have your refund (or part of it) directly deposited
its.
to a traditional IRA, Roth IRA (including myRA), or SEP-IRA, but
Ask your financial institution for the correct routing number to
not a SIMPLE IRA. You must establish the IRA at a bank or other
enter on line 13b if:
financial institution before you request direct deposit. Make sure
The routing number on a deposit slip is different from the
your direct deposit will be accepted. You must also notify the
routing number on your checks,
trustee or custodian of your account of the year to which the de-
Your deposit is to a savings account that doesn't allow you
posit is to be applied (unless the trustee or custodian won't ac-
to write checks,
cept a deposit for 2016). If you don't, the trustee or custodian
Your checks state they are payable through a financial insti-
can assume the deposit is for the year during which you are filing
tution different from the one at which you have your check-
the return. For example, if you file your 2016 return during 2017
ing account, or
and do not notify the trustee or custodian in advance, the trustee
Your deposit is to a myRA account.
or custodian can assume the deposit to your IRA is for 2017. If
you designate your deposit to be for 2016, you must verify that
the deposit was actually made to the account by the due date of
Line 13c
the return (not counting extensions). If the deposit isn't made by
Check the appropriate box for the type of account. Do not check
that date, the deposit isn't an IRA contribution for 2016. If you
more than one box. If the deposit is to an account such as an
make a contribution to a traditional IRA for 2016, you may be
IRA, health savings account, brokerage account, or other similar
able to take an IRA deduction, but you must file Form 1040A or
account, ask your financial institution whether you should check
1040 to do so.
the “Checking” or “Savings” box. You must check the correct box
to ensure your deposit is accepted. If your deposit is to a myRA
You and your spouse each may be able to contribute
account or TreasuryDirect® online account, check the “Savings”
up to $5,500 ($6,500 if age 50 or older at the end of
!
box.
2016) to a traditional IRA or Roth IRA (including myRA)
CAUTION
for 2016. You may owe a penalty if your total contributions ex-
Line 13d
ceed these limits and the limits may be lower depending on your
compensation income. For more information on IRA contribu-
The account number can be up to 17 characters (both numbers
tions, see Pub. 590-A. If the limits on IRA contributions change
and letters). Include hyphens but omit spaces and special sym-
for 2017, Pub. 590-A will have the new 2017 limits.
bols. Enter the number from left to right and leave any unused
boxes blank. On the sample check below, the account number is
For more information on IRAs, see Pub. 590-A and Pub.
20202086. Do not include the check number.
590-B.
If the direct deposit to your account(s) is different from the
myRA®. If you already have a myRA® account, you can re-
amount you expected, you will receive an explanation in the mail
quest a deposit of your refund (or part of it) to your myRA ac-
about 2 weeks after your refund is deposited.
count. A myRA is a starter retirement account offered by the De-
partment of the Treasury. For more information on myRA and to
Sample Check—Lines 13b Through 13d
open a myRA account online, visit
TreasuryDirect®. You can request a deposit of your refund (or
1234
Henry Maple
Naomi Maple
part of it) to a TreasuryDirect® online account to buy U.S. Treas-
1234 Redwood Circle
15-0000/0000
ury marketable securities and savings bonds. For more informa-
Anytown, MD 20000
tion, go to
PAY TO THE
$
ORDER OF
Routing
Account
Form 8888. You can have your refund directly deposited into
number
number
DOLLARS
more than one account or use it to buy up to $5,000 in paper ser-
(line 13b)
(line 13d)
ANYTOWN BANK
Do not include
ies I savings bonds. You do not need a TreasuryDirect® account
Anytown, MD 20000
the check number.
to do this. For more information, see the Form 8888 instructions.
For
:202020 "’ 86 " . 1234
|
|
:250250025
Line 13a
You cannot file Form 8888 to split your refund into more than
The routing and account numbers may be in different
one account or buy paper series I savings bonds if Form 8379 is
places on your check.
CAUTION
filed with your return.
-22-
Instructions for Form 1040EZ
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