topic Can I deposit a joint tax return into my individual bank account in After you file

Can I deposit a joint tax return into my individual bank account

philbrussell — Thu, 06 Jun 2019 14:58:05 GMT

Yes, for the federal return. When filing a Married Filin...

PaulaM — Thu, 06 Jun 2019 14:58:05 GMT

Yes, for the federal return.

When filing a Married Filing Joint (MFJ) return the IRS allows MFJ refunds to be direct deposited into accounts in your name, your spouse’s name or both (joint account).

However, rules vary by state and financial institution; to be sure, verify with your financial institution if they accept joint refunds into individual accounts.

I've seen comments here, in this forum, of that being den...

Hal_Al — Thu, 06 Jun 2019 14:58:06 GMT

I've seen comments here, in this forum, of that being denied by the bank

As have I, so check with the bank.

SweetieJean — Thu, 06 Jun 2019 14:58:07 GMT

As have I, so check with the bank.

Re: I've seen comments here, in this forum, of that being den...

Culchie23 — Sun, 02 Feb 2020 23:17:50 GMT

That was the case for me. Did they change that policy this year ?

Re: Yes, for the federal return. When filing a Married Filin...

Culchie23 — Sun, 02 Feb 2020 23:18:42 GMT

Not true in my case.

Re: Can I deposit a joint tax return into my individual bank account

Hamidhashemi — Sat, 03 Oct 2020 19:29:35 GMT

Can I deposit a joint tax return or stimulus package in to my individual account

Re: Can I deposit a joint tax return into my individual bank account

DoninGA — Sat, 03 Oct 2020 19:31:04 GMT

@Hamidhashemi wrote:

Can I deposit a joint tax return or stimulus package in to my individual account

If both names are attached to the payment then the bank account for deposit must also have both names on the account.

Re: Can I deposit a joint tax return into my individual bank account

Critter-3 — Sat, 03 Oct 2020 20:29:33 GMT

The IRS has no restrictions ... they will try to send the DD to the account you list.. It is the BANK that may have deposit issues so check with your bank.

Re: I've seen comments here, in this forum, of that being den...

dpal — Wed, 25 May 2022 14:34:20 GMT

My wife and I both have accounts with SANTANDER, yet they refuse to deposit our validly co-signed fed refund check into my wife's account. Even with me standing there with 2 forms of ID (plus my bank checks). FORCED us to open joint account (which may have unwanted ramifications on our Calif tax return with respect to my earnings otherwise not subject to Calif tax). Filed complaint with state banking board, as others should do when banks exceed their authority under the banking regs. Easy, online

Re: I've seen comments here, in this forum, of that being den...

Critter-3 — Wed, 25 May 2022 14:37:24 GMT

If you open a non interest bearing account for the sole purpose of cashing this refund check the immediately move the funds to another account then there will be no fed/state issues at all on an income tax as there will be no income to report.

Re: I've seen comments here, in this forum, of that being den...

dpal — Wed, 25 May 2022 14:54:00 GMT

Eh, the issue really is huge inconvenience for no benefit. Bank has no benefit- either way I am standing there with ID, so bank does not gain additional security that a divorcing spouse will not sue bank for improper cashing of his share of check. I gain negative benefit because it took 25 minutes for him to set the account up, both of us had to be there, and tells me we both have to be there again for him to close the account. Besides, now I have joint account with wife who works in Calif and this could expose my separate accounts (with huge cap gains this year) to be exposed to Calif 9% tax. It's complicated, and banks shouldn't force me to do something that is contrary to regs and really gives them no benefit anyway, more than just a demand that the spouse with ID stand there and direct the funds into a single account.