Unfortunately, PayPal is not an option for your tax return. You have several options for receiving your federal individual income tax refund: Direct Deposit: The fastest way is by direct deposit into your checking or savings account, including an individual retirement arrangement (IRA). See the Instructions for Form 1040 and 1040-SR (PDF) for more information. In an effort to combat fraud and identity theft, the IRS limits the number of direct deposits into a single financial account or prepaid debit card to three refunds per year. Taxpayers who exceed this limit will receive a notice and a refund check instead, which may take up to 10 weeks; TreasuryDirect®: Deposit into a TreasuryDirect® online account to buy U.S. Treasury marketable securities and savings bonds. For more information, see Using Your Tax Refund for TreasuryDirect; Traditional, Roth, or SEP-IRA: Directly deposit part or all of your refund into a traditional IRA, Roth IRA, or SEP-IRA, but not a SIMPLE IRA. You must have an existing IRA account before you file your return, and your routing number and account number. See the Instructions for Form 1040 and 1040-SR for more information. For more information on IRA contributions, see Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs) (PDF); Savings Bonds: By purchase of U.S. Series I Savings Bonds up to $5,000; A Health Savings Account (HSA); An Archer MSA; A Coverdell Education Savings Account (ESA); or Paper Check: By paper check sent to the address listed on your return.

Question

How do I get PayPal direct deposit for my tax return

Forum|Forum|6 years ago
May 4, 2020
1 reply
0 views

No text available

TurboTax Free Edition Online

DawnC

Employee

Unfortunately, PayPal is not an option for your tax return.

You have several options for receiving your federal individual income tax refund:

Direct Deposit: The fastest way is by direct deposit into your checking or savings account, including an individual retirement arrangement (IRA). See the Instructions for Form 1040 and 1040-SR (PDF) for more information. In an effort to combat fraud and identity theft, the IRS limits the number of direct deposits into a single financial account or prepaid debit card to three refunds per year. Taxpayers who exceed this limit will receive a notice and a refund check instead, which may take up to 10 weeks;
TreasuryDirect®: Deposit into a TreasuryDirect® online account to buy U.S. Treasury marketable securities and savings bonds. For more information, see Using Your Tax Refund for TreasuryDirect;
Traditional, Roth, or SEP-IRA: Directly deposit part or all of your refund into a traditional IRA, Roth IRA, or SEP-IRA, but not a SIMPLE IRA. You must have an existing IRA account before you file your return, and your routing number and account number. See the Instructions for Form 1040 and 1040-SR for more information. For more information on IRA contributions, see Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs) (PDF);
Savings Bonds: By purchase of U.S. Series I Savings Bonds up to $5,000;
A Health Savings Account (HSA);
An Archer MSA;
A Coverdell Education Savings Account (ESA); or
Paper Check: By paper check sent to the address listed on your return.