Get your Form 8888 in 3 easy steps
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01 Fill and edit template
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02 Sign it online
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03 Export or print immediately
What is Form 8888?
The 8888 tax form is a one-page application to distribute the refunds you receive to different bank accounts or funds or to purchase bonds. That is, instead of receiving funds and allocating them on your own, you can arrange a direct transfer of refunds to where you need them.
What do I need the 8888 Form for?
- What is Form 8888 used for? It can be used by any taxpayer who receives a refund on their personal tax returns.
- With this paper, you can redirect your funds to multiple accounts, credit unions, brokerage firms, and other institutions.
- You do not need to use this form if you plan to file Form 8379.
- Also, do not complete the IRS Form 8888 online if you use only one account or would like to transfer funds to another person’s account.
How to Fill Out Tax Form 8888?
Step 1: You have the option to spread the refund across up to three accounts. Specify the exact amounts and accounts to which transfers should be made. Remember that you cannot write only one account, and the amount must not be less than $1.
Step 2: If you would like a portion of your refund to be used to purchase paper bonds, complete the second part of Form 8888 Allocation of Refund. Specify how much money you would like to spend on it, and indicate the owner of the bonds (you or your spouse) or beneficiaries.
Step 3: If you would like to receive part of the refund in the form of a check, indicate what amount should be written on it.
Step 4: Add up all the amounts you entered to get the final result. It should be specified in your return.
Organizations that work with 8888 Form
- IRS
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Fillable online Form 8888