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It Depends:

  1. Yes you can - If you are a joint holder of your dads account
  2. No you cannot - If your dad is the only holder of his account

This is because, a check can be deposited only into the account that is fully or jointly held by the person to whom the check is issued.

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14y ago

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How much money can be deposited into a tax free savings account?

The annual amount of money that can be deposited into a tax free savings account for 2013 is $5,500. The amount will vary depending on your country of residence.


Can you deposit a tax check in your friends account?

It Depends: 1. Yes you can - If you are a joint holder of his bank account 2. No you cannot - If he is the only holder of his bank account This is because, a check can be deposited only into the account that is fully or jointly held by the person to whom the check is issued. So trying to put your fathers managers check into your account is a crime.


Can a tax refund be deposited into my spouses bank account?

Yes, a tax refund can be deposited into your spouse's bank account if both of you agree to this arrangement. However, it's important to ensure that the bank account details are correctly entered on the tax return. Additionally, the IRS may require both spouses' consent for direct deposits to accounts in someone else's name, especially if filing jointly. Always check with your tax professional if you have concerns regarding your specific situation.


Is tax refund checks first or priority mail?

A tax refund check from the US government comes by first class mail. If you have a bank account and want the money deposited more quickly, opt for direct deposit.


When does gst get direct deposited into your account?

GST payments, such as the Goods and Services Tax Credit in Canada, are typically direct deposited into your account on scheduled payment dates set by the government. For most recipients, this occurs quarterly or monthly, depending on eligibility and the frequency of the tax filing. To ensure timely deposits, it's essential to file your tax return on time and provide your banking information accurately. You can check your payment schedule through your tax agency’s online portal.

Related Questions

You are on disability and have deposited too much in myTransit Commuter Benefits account Can you recover this pre-tax money?

Probably not--check with a CPA.


You used H and R Block software to get your tax refund direct deposited can you still get your stimulus check direct deposited?

If your income tax refund was direct deposited, your stimulus check will also be direct deposited.


How much money can be deposited into a tax free savings account?

The annual amount of money that can be deposited into a tax free savings account for 2013 is $5,500. The amount will vary depending on your country of residence.


Can you deposit a tax check in your friends account?

It Depends: 1. Yes you can - If you are a joint holder of his bank account 2. No you cannot - If he is the only holder of his bank account This is because, a check can be deposited only into the account that is fully or jointly held by the person to whom the check is issued. So trying to put your fathers managers check into your account is a crime.


Can a tax refund be deposited into my spouses bank account?

Yes, a tax refund can be deposited into your spouse's bank account if both of you agree to this arrangement. However, it's important to ensure that the bank account details are correctly entered on the tax return. Additionally, the IRS may require both spouses' consent for direct deposits to accounts in someone else's name, especially if filing jointly. Always check with your tax professional if you have concerns regarding your specific situation.


Is tax refund checks first or priority mail?

A tax refund check from the US government comes by first class mail. If you have a bank account and want the money deposited more quickly, opt for direct deposit.


When does gst get direct deposited into your account?

GST payments, such as the Goods and Services Tax Credit in Canada, are typically direct deposited into your account on scheduled payment dates set by the government. For most recipients, this occurs quarterly or monthly, depending on eligibility and the frequency of the tax filing. To ensure timely deposits, it's essential to file your tax return on time and provide your banking information accurately. You can check your payment schedule through your tax agency’s online portal.


What is republic trs?

It usually means the tax refund services have done a pre-deposit check in your account to make sure they have the right bank account information. This More than likely is not your tax refund. "Tax Refund Services" is what trs means. When your tax money is deposited you probaly won't see this notice again they will just deposit the money into this account. Hope this was helpful!


Will a deposited check of 25000 be taxed by the IRS?

A deposited check of $25,000 is not automatically taxed by the IRS simply because it is deposited. However, the tax implications depend on the source of the funds. If the check is for income, such as wages or services rendered, it would be subject to income tax. It's important to keep records and report any taxable income appropriately on your tax return.


What bank does TurboTax use for refunds?

TurboTax uses Bank of America for the deposit of tax refunds. Your tax refund is deposited in a Bank of America account and then transferred to your personal account.


Can your refund be deposited in another persons bank?

Typically, a tax refund must be issued to the account in the name of the taxpayer. However, if you are filing a joint return or have authorized someone else to receive the refund on your behalf, it may be possible to deposit it into their account. Always check with the tax authority or your tax preparer for specific regulations regarding refunds.


If you had your taxes electronically funded does this mean your rebate will be done same way?

Yes. If you elected Direct Deposit on your income tax return, your stimulus check will also be direct deposited into the same account.