• Specifying what should be done with a federal and/or state refund is done in the E-file section of TaxSlayer, on the Bank Account page, as described on page 123.
    • A taxpayer’s federal refund can be deposited directly to one or more taxpayer bank accounts, which gets the refund to the taxpayer at least one week earlier than if the taxpayer is mailed a paper check.
      • Venmo (and presumably similar services) will provide taxpayers with a routing number and account number; these are for an FDIC-insured bank with which Venmo is a partner. 
      • Paper returns can request that a refund be paid using direct deposit.
      • Beginning in mid-2023, amended federal returns that are e-filed can include direct deposit for a refund.
    • The taxpayer is not notified by the IRS when the refund has been deposited but can check online at irs.gov/refunds [click “Check Your Refund”].
  • Note for CA state returns: For a CA refund:
    • TaxSlayer uses the first-listed bank account in the Bank Account page of the E-file section.
      • In TaxSlayer, the CA refund cannot be split between two or more bank accounts.
      • Paper returns, including amended returns, can request that a refund be direct deposited.
    • The taxpayer will not be notified by the FTB when a refund has been deposited, but can check online at ftb.ca.gov/refund/.
    • If the FTB identifies a correctible problem with a tax return, such as an error in estimated tax payments made during the year, it will automatically correct the return and – when direct deposit has been requested – will still do direct deposit. 
      • A notice of the correction will be sent to the taxpayer via mail, which may arrive after the direct deposit has occurred. The FTB has requested that taxpayers not call about a refund, if different from expected, until they have received a notice from the FTB (or, of course, until a reasonable period – a week or more – has occurred after the deposit occurred, and no notice has been received).

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