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Level 2
February 20, 2025
Question

input for form 8888

  • February 20, 2025
  • 2 replies
  • 10 views

it used to be in screen 3, but I don't see it

    This topic has been closed for replies.

    2 replies

    Intuit Community Champion
    February 20, 2025

    It's still there. You're in the individual module, right?

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    michael1Author
    Level 2
    February 20, 2025

    Actually it’s not

    apparently as of 1/1/25, it’s discontinued 

    Intuit Community Champion
    February 20, 2025

    Okay, I took a deeper look at this. Form 8888 still exists (https://www.irs.gov/pub/irs-pdf/f8888.pdf), but it's changed to no longer allow you to buy I-Bonds with your refund. Now it's only used to split federal refunds to multiple bank accounts.

    Per Pub 17, "Purchase of savings bonds discontinued. The program allowing for your refund to be deposited into your TreasuryDirect® account to buy savings bonds, as well as the ability to buy paper bonds with your refund, has been discontinued. Form 8888 is now only used to split your direct deposit refund between two or more accounts or to split your refund between a direct deposit and a paper check."

    Your original post didn't mention I-Bonds, just the form #, so I was confused as to what you were asking about.

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