Can I Revise a Bank Account Number for an Income Tax Refund?

Easily Fixing Refund Issues Due to Incorrect Bank Account Numbers

When it comes to income tax refunds, accuracy is key. If you find that you have entered an incorrect bank account number, do not worry. You can revise your bank account number through the IRS Electronic Federal Tax Payment System (EFTPS). This process is straightforward and can be completed online. The following steps guide you through the process:

1. Log in to the IRS EFTPS Portal

The first step involves logging into the IRS EFTPS portal using your ID and password. If you do not have an account, you can create one for free by visiting the IRS EFTPS website.

2. Access and Update Your Profile

Once logged in, navigate to My Account. From there, select the option for Refund Re-issue Request. The system will guide you through the steps to update your bank account information.

3. Validate Your New Bank Account Information

To change your bank account, go to your profile and then click on Validate Bank Account. This feature allows you to add a new bank account number or remove a previously used one. Follow the prompts to enter your new bank account number and IFSC (India Financial System Code) code. Once done, click the validate button to verify the information.

What to Do if the IRS Does Not Receive Your Refund Check

It is important to note that if the IRS identifies an incorrect bank account number, they will automatically mail the refund check to the address on file with the IRS. However, if you have an account at EFTPS and have registered for direct deposit, you can update your information to receive the refund directly into your bank account.

Conclusion

Revoking a bank account number for an income tax refund is a simple and straightforward process. By following the steps outlined, you can ensure that your refund is processed correctly and deposited directly into your account. Should you have any issues or questions, the IRS EFTPS support team is available for assistance.