Instructions For Form 1040-A - U.s. Individual Income Tax Return - 2016 Page 62
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922017 Form 1040A—Lines 48a Through 48d
It saves tax dollars. It costs the government less to refund
The routing number on a deposit slip is different from the
by direct deposit.
routing number on your checks,
It's proven itself. Nearly 98% of social security and veter-
Your deposit is to a savings account that doesn't allow
ans' benefits are sent electronically using direct deposit.
you to write checks, or
Your checks state they are payable through a financial in-
If you file a joint return and check the box on line 48a
stitution different from the one at which you have your check-
!
and attach Form 8888 or fill in lines 48b through 48d,
ing account.
your spouse may get at least part of the refund.
CAUTION
Line 48c. Check the appropriate box for the type of account.
IRA. You can have your refund directly deposited to a tradi-
Don't check more than one box. If the deposit is to an account
tional IRA, Roth IRA, or SEP-IRA, but not a SIMPLE IRA.
such as an IRA, health savings account, brokerage account, or
You must establish the IRA at a bank or other financial institu-
other similar account, ask your financial institution whether
tion before you request direct deposit. Make sure your direct
you should check the “Checking” or “Savings” box. You must
deposit will be accepted. You also must notify the trustee or
check the correct box to ensure your deposit is accepted. If
custodian of your account of the year to which the deposit is to
your deposit is to a TreasuryDirect® online account, check the
be applied (unless the trustee or custodian won't accept a de-
“Savings” box.
Sample Check—Lines 48b Through 48d
posit for 2017). If you don't, the trustee or custodian can as-
sume the deposit is for the year during which you are filing the
return. For example, if you file your 2017 return during 2018
1234
Henry Brown
Naomi Brown
15-0000/0000
1234 Main Street
and don't notify the trustee or custodian in advance, the trustee
Anytown, LA 70000
or custodian can assume the deposit to your IRA is for 2018. If
PAY TO THE
$
ORDER OF
Routing
Account
you designate your deposit to be for 2017, you must verify that
number
number
DOLLARS
(line 48b)
(line 48d)
Do not
ANYTOWN BANK
the deposit was actually made to the account by the due date of
include
Anytown, LA 70000
the check
number
For
the return (not counting extensions). If the deposit isn't made
:202020 "’ 86 " . 1234
|
|
:250250025
by that date, the deposit isn't an IRA contribution for 2017. In
that case, you must file an amended 2017 return and reduce any
The routing and account numbers may be in different
places on your check.
IRA deduction and any retirement savings contributions credit
CAUTION
you claimed.
Line 48d. The account number can be up to 17 characters
You and your spouse, if filing jointly, each may be
(both numbers and letters). Include hyphens but omit spaces
!
able to contribute up to $5,500 ($6,500 if age 50 or
and special symbols. Enter the number from left to right and
older at the end of 2017) to a traditional IRA or Roth
leave any unused boxes blank. On the sample check above, the
CAUTION
IRA for 2017, and the limits may be lower depending on your
account number is 20202086. Don't include the check number.
compensation and income. For more information on IRA con-
If the direct deposit to your account(s) is different from the
tributions, see Pub. 590-A. You may owe a penalty if your con-
amount you expected, you will receive an explanation in the
tributions exceed these limits.
mail about 2 weeks after your refund is deposited.
For more information on IRAs, see Pub. 590-A and
Reasons Your Direct Deposit Request Will Be
Pub. 590-B.
TIP
Rejected
You are asking to have a joint refund deposited to an in-
TreasuryDirect®. You can request a deposit of your refund
dividual account, and your financial institution(s) won't allow
(or part of it) to a TreasuryDirect® online account to buy U.S.
this. The IRS isn't responsible if a financial institution rejects a
Treasury marketable securities and savings bonds. For more in-
direct deposit.
formation, go to
The name on your account doesn't match the name on the
Form 8888. You can have your refund directly deposited into
refund, and your financial institution(s) won't allow a refund to
more than one account or use it to buy up to $5,000 in paper
be deposited unless the name on the refund matches the name
series I savings bonds. You don't need a TreasuryDirect® ac-
on the account.
count to do this. For more information, see the Form 8888 in-
Three direct deposits of tax refunds already have been
structions.
made to the same account or prepaid debit card.
Line 48a. You can't file Form 8888 to split your refund into
You haven't given a valid account number.
more than one account or buy paper series I savings bonds if
You file your 2017 return after November 30, 2018.
Form 8379 is filed with your return.
Any numbers or letters on lines 48b through 48d are
Line 48b. The routing number must be nine digits. The first
crossed or whited out.
two digits must be 01 through 12 or 21 through 32. On the
The IRS isn't responsible for a lost refund if you enter
sample check below, the routing number is 250250025. Henry
!
the wrong account information. Check with your fi-
and Naomi Brown would use that routing number unless their
nancial institution to get the correct routing and ac-
CAUTION
financial institution instructed them to use a different routing
count numbers and to make sure your direct deposit will be ac-
number for direct deposits.
cepted.
Ask your financial institution for the correct routing number
to enter on line 48b if:
-62-
Need more information or forms? Visit IRS.gov.
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