Keeping your personal and financial information up-to-date with the Internal Revenue Service (IRS) is crucial to ensure the smooth processing of your tax returns and refunds. Among the essential details that require regular updates is your bank account information, which is necessary for direct deposits of your tax refunds. If you need to change your bank account or routing number, there are specific steps you should follow to notify the IRS.
Methods for Updating Bank Information
The IRS provides multiple options for updating your bank information:
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Online: You can update your bank information through the IRS’s online portal. However, this option is only available if you have previously created an IRS online account.
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Phone: You can call the IRS at 800-829-1040 to provide your updated bank information over the phone.
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Mail: You can mail a completed Form 8822, Change of Address, to the IRS.
Required Information
When updating your bank information, you will need to provide the following details:
- Your Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN)
- Your current address
- Your new bank account number
- Your new bank routing number
Processing Time
Once you have submitted your updated bank information, it may take up to 4 weeks for the IRS to process the change. It is important to note that this processing time may vary depending on the method you choose to update your information.
Additional Considerations
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Direct Deposit: If you are expecting a tax refund, it is essential to ensure that your bank account information is up-to-date to receive your refund via direct deposit.
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Tax Return Filing: When filing your tax return, double-check that your bank account information is accurate to avoid any delays or errors in processing your refund.
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Security: Be cautious when providing your bank account information over the phone or through the mail. Protect your personal and financial data by ensuring that you are communicating with the IRS directly.
Updating your bank information with the IRS is a straightforward process that can be completed through online, phone, or mail. By keeping your bank information current, you can ensure the timely and accurate delivery of your tax refunds. If you have any questions or concerns, do not hesitate to contact the IRS for assistance.
Can I change my bank info with IRS online?
FAQ
How do I contact the IRS to change my banking information?
How do I change my bank payment with the IRS?
What happens if IRS sends refund to closed bank account?
How can I change my bank account with the IRS for stimulus check?
How do I change my bank information with the IRS?
If you need to change your bank information with the IRS, there are a couple of options available to you. Here are two common methods you can use: If you are looking to update your bank information for Economic Impact Payments, including stimulus payments, the IRS provides an online tool called the “Get My Payment” tool. Here’s how you can use it:
Can I change my bank account after filing a tax refund?
If you’re changing your bank account due to a change in accounts to receive your upcoming tax refund, know that filing a federal income tax return with the new bank account information on it is enough. However, you still can change your bank account with the IRS after filing your tax refund. For that, call the IRS at 1-800-829-1040.
What happens if I change my address on my tax return?
Changes to your personal information will affect your tax returns. You must update your information to prevent delays in processing your tax returns and refunds. If your address has changed, you need to notify the IRS to ensure you receive any IRS refunds or correspondence. For more information see, Change Your Address – How to Notify the IRS.
How do I get a tax refund from a bank?
If the bank returns your direct deposit, the IRS will send a paper check to the mailing address listed on your return. If you want to change your bank account or routing number for a tax refund, call the IRS at 800-829-1040. Was this topic helpful?