Complete your federal income taxes, or, if you work with an accountant, specify your wish to send part of your tax refund to your IRA.
File Form 8888, entitled "Direct Deposit of Refund to More Than One Account," and attach it to your tax return. Form 8888 is also used to direct part of a refund to checking or savings accounts, health savings accounts and Coverdell Education Savings Accounts.
Understand that your IRA contribution will be made in the form of a direct deposit. Confirm that your financial institution accepts this type of deposit.
Direct that your refund go into an account owned by you and your spouse if you file your income taxes jointly.
Verify that you include the proper bank account number and routing number on Form 8888.
Check to make sure your IRA deposit was placed in the correct account after you receive your tax refund.
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