New tax refund options

If your expecting an income tax refund this year, the IRS has some new options for getting that refund to you.
Taxpayers can designate that part of the refund go to a checking account, part to a savings account, part to an individual retirement account or part toward the purchase of U.S. Savings Bonds.
The options are an expansion of the increasingly popular direct deposit of refunds, but you have to fill out Form 8888, Direct Deposit of Refund to More Than One Account, in order to designate portions of the refund to different accounts.
For more info, read this explanation from Bankrate.com

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