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Split Refunds-Savings Bonds - January 2010 - YouTube video text script

HERE’S A TIP FROM THE I-R-S. 
 
HI, MY NAME IS KATIE… AND I WORK FOR THE INTERNAL REVENUE SERVICE.
 
CHANCES ARE… YOU’RE GOING TO GET A REFUND CHECK THIS YEAR.
 
MOST TAX PAYERS DO.
 
THE AVERAGE REFUND IS MORE THAN TWO-THOUSAND DOLLARS.
 
AND DID YOU KNOW THAT YOU CAN CHOOSE TO SPLIT THAT REFUND THREE WAYS WHEN YOU FILE YOUR TAX RETURN?
 
MEANING… YOU CAN PUT SOME IN YOUR CHECKING ACCOUNT… SOME IN YOUR SAVINGS ACCOUNT OR SOME IN OTHER ACCOUNTS… SUCH AS… AN INDIVIDUAL RETIREMENT ARRANGEMENT -- ALSO KNOWN AS AN I-R-A.
 
AND FOR THE FIRST TIME… YOU CAN USE YOUR REFUND TO BUY U-S SAVINGS BONDS.
 
SO… IF YOU E-FILE… WHICH MOST OF YOU DO… CHOOSE DIRECT DEPOSIT.
 
THEN… WHEN YOUR TAX SOFTWARE ASKS IF YOU WANT TO SPLIT YOUR REFUND… YOU HAVE THE OPTION TO BUY YOUR BONDS AT THAT TIME.
 
IF YOU FILE BY PAPER… USE FORM 8888.
       
IT’LL TELL YOU WHAT TO DO.
 
LEARN MORE ON I-R-S-DOT-GOV.

Page Last Reviewed or Updated: 19-Mar-2014