You can save part or all of your refund by submitting Form 8888, Allocation of Refund (Including Savings Bond Purchases) PDF when you file your return. When you file your tax return, you can tell the IRS you want to save part or all of your refund and have the rest sent to your checking account. If I get a refund on my federal income tax return, can I direct the IRS to help me save part or all of it by direct deposit? In 2011 improvements were made to give more registration options for owners and beneficiaries you can elect direct deposit or a check in the mail for any unused portion of your refund. This option was available for the first time in early 2010. ![]() I've never heard of using a refund to buy U.S.
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