Can I deposit my tax refund into someone else's account?

Created by Shubha Bisht, Modified on Wed, 24 Jan 2024 at 05:07 PM by Shubha Bisht

According to the IRS, direct deposits must be made to accounts bearing the taxpayer’s name. Additionally, the refund should also only be deposited into a United States bank or United States bank affiliated accounts that are in the taxpayer’s name. 

 

If filing a joint return you may deposit the refund into an account with one or both taxpayer’s names’ if it is a joint account. The IRS will also allow you to deposit your refund in up to three different accounts as long as the above requirements are met. You may also want to check with your financial institution to make sure they don’t have any related account rules or limitations.

 

Note: Beem Filer is not currently supporting direct deposit of your refund into multiple bank accounts.

 

Additional Resources:

 

This content is provided for informational purposes only and should not be construed as tax, legal, financial, accounting, or other advice. Rules and regulations vary by location and are subject to change, so please consult with an expert if you need advice specific to you.

 

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