Are you a spender or a saver? If you answered “both,” the IRS has a program for you!
As authorized by the Pension Protection Act of 2006, the IRS now offers taxpayers the opportunity to split their refund into two or three checking, saving, or retirement accounts. That means that you can have part of your refund directly deposited into an accessible checking account and the remainder tucked away in a savings account.
To take advantage of this program, you must fill out IRS form 8888.