You may be able to direct deposit your IRS and/or state tax refund into your Fidelity account(s). This is an easy way to direct the money into a tax-advantaged or other investment account without the temptation to spend it.
The processes below refer to federal tax forms, but the routing and account numbers are the same for depositing state tax refunds. Please refer to IRS or state instructions on direct deposit to determine if you can use this feature.
To deposit your refund into a single account
If you are depositing your federal income tax refund into only one account, you can simply fill out the two lines in the refund section of Form 1040 or Form 1040A.
To deposit your refund into multiple accounts
If you want to deposit your refund into two or more accounts, you must fill out IRS Form 8888. Be sure to indicate on Form 1040 or Form 1040A that you have attached Form 8888.
How to adjust Fidelity account numbers on IRS forms
Whether you are depositing into one or multiple accounts, you’ll need to know how to enter Fidelity routing and account numbers on the IRS forms. You may have to make simple adjustments, as Fidelity account numbers may include letters or an amount of numbers that the IRS cannot accommodate. The tabs below will help you through the process.
Choose the tab for the type of account you’d like to enter on your IRS form.