Form 8888 - Allocation Of Refund (Including Savings Bond Purchases) - 2015 Page 2
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Form 8888 (2015)
Page
TreasuryDirect® Account
• It is more convenient. You don't have to
Future Developments
make a trip to the bank to deposit your
You can request a deposit of your refund
Information about any future developments
check.
(or part of it) to a TreasuryDirect® online
affecting Form 8888 (such as legislation
IRA
account to buy U.S. Treasury marketable
enacted after we release it) will be posted
securities and savings bonds. For more
on
You can have your refund (or part of it)
information, go to
directly deposited to a traditional IRA, Roth
What's New
IRA (including a myRA), or SEP-IRA, but
U.S. Series I Savings Bonds
You now can have your refund directly
not a SIMPLE IRA. You must establish the
You can request that your refund (or part of
deposited to a myRA® account, which is a
IRA at a bank or other eligible financial
it) be used to buy up to $5,000 in series I
starter retirement account offered by the
institution before you request direct
savings bonds. You can buy them
Department of the Treasury. For details,
deposit. Make sure your direct deposit will
electronically by direct deposit into your
see the General lnstructions and the
be accepted. You must also notify the
TreasuryDirect® account. See instructions
instructions under Part I. For more
trustee or custodian of your account of the
under Part I for details. Or, if you don't
information on myRA and to open a myRA
year to which the deposit is to be applied
have a TreasuryDirect® account, you can
account online, go to
(unless the trustee or custodian won't
buy paper savings bonds. See the
accept a deposit for 2015). If you don't, the
General Instructions
instructions under Part II for details.
trustee or custodian can assume the
deposit is for the year during which you are
Specific Instructions
Purpose of Form
filing your return. For example, if you file
Use Form 8888 if:
your 2015 return during 2016 and don't
Part I
• You want us to directly deposit your
notify the trustee or custodian in advance,
If you are filing Form 8888 only
refund (or part of it) to either two or three
the trustee or custodian can assume the
to buy paper series I savings
TIP
accounts at a bank or other financial
deposit to your IRA in 2016 is for 2016. If
bonds, skip Part I and go to
institution (such as a mutual fund,
you designate your deposit to be for 2015,
Part II.
brokerage firm, or credit union) in the
you must verify that the deposit was
United States, or
▲
If you file a joint return and
actually made to the account by the due
!
complete Form 8888, your
• You want to use at least part of your
date of the return (without regard to
spouse may get at least part of
refund to buy up to $5,000 in paper or
extensions). If the deposit isn't made by
the refund.
that date, the deposit isn't an IRA
CAUTION
electronic series I savings bonds.
contribution for 2015. In that case, you
An account can be a checking, savings,
Lines 1a, 2a, and 3a
must file an amended 2015 return and
or other account such as:
Enter the portion of your refund you want
reduce any IRA deduction and any
• An individual retirement arrangement
directly deposited to each account. Each
retirement savings contributions credit you
(IRA), including a myRA®,
deposit must be at least $1.
claimed.
• A health savings account (HSA),
Your entire deposit may be deposited in
You and your spouse, if filing
▲
• An Archer MSA,
!
one account. If there are any delays in the
jointly, each may be able to
• A Coverdell education savings account
processing of your return by the IRS, your
contribute up to $5,500 ($6,500
(ESA), or
entire refund will be deposited in the first
if age 50 or older at the end of
CAUTION
account listed on Form 8888. Make sure
• A TreasuryDirect® online account.
2015) to a traditional IRA or Roth IRA
the first account you list on Form 8888 is
You can't have your refund deposited into
(including a myRA) for 2015. You may owe a
an account you would want the entire
more than one account or buy paper series I
penalty if your total contributions exceed
refund deposited in if this happens.
savings bonds if you file Form 8379, Injured
these limits, and these limits may be
An account can be a checking, savings,
Spouse Allocation.
reduced depending on your compensation
or other account such as an IRA, HSA,
Deposit of refund to only one account. If
and income. For more information on IRA
Archer MSA, ESA, myRA, or
you want your refund deposited to only one
contributions, see Pub. 590-A. If the limits
TreasuryDirect® online account.
account, don't complete this form. Instead,
on IRA contributions change for 2016, Pub.
request direct deposit on your tax return.
590-A will have the new 2016 limits.
Lines 1b, 2b, and 3b
Account must be in your name. Don't
The routing number must be nine digits.
myRA
request a deposit of your refund to an
The first two digits must be 01 through 12
If you already have a myRA account, you
account that isn't in your name, such as
or 21 through 32. On the sample check
can request a deposit of your refund (or
your tax return preparer’s account.
below, the routing number is 250250025.
part of it) to your myRA account. For more
Although you may owe your tax return
Tony and Jennifer Maple would use that
information on myRA and to open a myRA
preparer a fee for preparing your return,
routing number unless their financial
account online, go to
don't have any part of your refund
institution instructed them to use a different
deposited into the preparer's account to
routing number for direct deposits.
pay the fee.
The number of refunds that can be
Sample Check
directly deposited to a single account or
prepaid debit card is limited to three a year.
1234
TONY MAPLE
After this limit is reached, paper checks will
SAMPLE
▲
JENNIFER MAPLE
be sent instead. Learn more at
123 Pear Lane
15-0000/0000
Anyplace, GA 00000
Limits.
PAY TO THE
Amended return. Don't attach Form 8888
ORDER OF
$
Routing
Account
to Form 1040X. A refund on an amended
number
number
return can't be directly deposited to an
DOLLARS
account or used to buy savings bonds.
ANYPLACE BANK
Why Use Direct Deposit?
Anyplace, GA 00000
Do not include
• You get your refund faster by direct
the check number.
For
deposit than you do by check.
• Payment is more secure. There is no
|
|
:250250025
:202020"'86".
◀
1234
check that can get lost or stolen.
• It saves tax dollars because it costs the
Note: The routing and account numbers may be in different places on your check.
government less.
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