Using Your Tax Refund for TreasuryDirect
Do you know you can have your tax refund directed to your TreasuryDirect account to use for Treasury security purchases?
TreasuryDirect offers flexible options for all your security purchases. One option to fund your account is to use your tax refund.
You can request the IRS or your state tax department to deposit your tax return directly into your TreasuryDirect account where you can use the funds to purchase savings bonds or marketable Treasury securities. All you need to do is provide TreasuryDirect's routing number and your TreasuryDirect account number in the refund instructions on your tax return.
The TreasuryDirect routing number can be found in “View my Funding Options” in your TreasuryDirect account. Here’s how to find it:
- Log into your account and click the ManageDirect tab.
- Next, select “View my Funding Options” from the Manage My Account menu. The routing number is listed under the heading, “ACH Credits.”
On your tax return, enter:
- the TreasuryDirect routing number in the “Routing number” field.
- your TreasuryDirect account number in the “Account number” field.
- “Savings” as the account type.
Providing these instructions in the “refund” area on your tax return will direct your refund to the Zero-Percent C of I in your TreasuryDirect account where it will be available to fund the purchase of one or more Treasury securities.
You can also use your refund to purchase Series I Savings Bonds in paper form.
Don’t have a TreasuryDirect account? ... open one now.