Question

Can my tax return direct deposit refund be deposited into a bank account with a different name on the account than my name?

Answer

No. This new tax refund direct bank deposit policy took effect January 2015.

Also, you can only have three direct deposit refunds from the IRS deposited into a single financial account.

The IRS changed the policy regarding the name on account(s) to fight fraud and identity theft.

 

Related Topics

Related Resources

If I check the refund status of my federal refund on the IRS website, which amount do I put as my refund amount?

Learn how to find the status of your federal refund with help from the tax experts at H&R Block.

If I’m paying state taxes to one state while working in another, to which state do I pay estimated taxes?

If you live in one state and work in another, you may be unsure about paying state taxes. Get help with this issue and get tax answers from H&R Block.

How can I pay taxes I owe?

Are you confused about how to pay your taxes? Learn about methods for paying taxes you owe from the tax experts at H&R Block.

If I compensate my day laborers with cash pay, how do I report them?

How do you report day workers if you pay them in cash? Learn how to determine the right relationship for tax purposes. Get tax answers at H&R Block.