Split Amount Transcript For Free

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Splitting your refund is easy and can be done electronically if you use IRS Free File or other tax software. If you file a paper return, use IRS' Form 8888, Allocation of Refund (Including Savings Bond Purchases) (PDF), to split your refund among two or three different accounts.
To split your refund in TurboTax Online, you'll need to choose the credit card payment option (assuming you're not filing for free). You can split your refund between as many as three accounts.
The short answer to this question is no, you cannot direct deposit your tax refund into someone else's account. Trying to deposit a tax refund into a bank or financial account with a different name can be seen as a red flag for fraudulent activity. The IRS issues the majority of tax refunds within three weeks.
There is no precise way to do this, because everything on a married joint return is calculated together. One solution is to prepare two married filing separate returns, figure out refunds based on that, and then apportion the actual refund based on that percentage. Or do the same for two single returns.
IRS Policy You can request a direct deposit of your income tax refund into an account that is in your name only. You can also arrange for a direct deposit into an account that is owned by your spouse, provided that you filed a joint income tax return.
A split refund is a procedure that allows an individual to break down his tax refund into several relative amount and deposit the money in different financial institutions in the country.
Community property states treat all income as earned by both of you, so you must therefore divide it 50-50 on your separate returns. For example, if you earned $150,000 and your spouse earned $30,000, she must report $90,000 and you must as well. The same holds true with most available tax deductions.
If the IRS is not able to deposit your refund into your bank account for any reason, the IRS will mail you a check instead. Sometimes the routing or bank account number is wrong, invalid, missing one digit, or if the name is not exact as the bank account, this can cause rejection of the deposit.
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