Options a taxpayer can choose for receiving their federal income tax refund are:
By direct deposit into a checking or savings account, including an IRA;
By paper check;
By purchase of U.S. Series I Savings Bonds; or
By applying to his 2020 estimated tax.
If the taxpayer chooses to receive his refund by direct deposit, he can request the refund be allocated into multiple separate accounts, up to three accounts, by completing Form 8888, Allocation of Refund (Including Savings Bond Purchases).
Taxpayers who e-file a complete and accurate tax return should receive their refund within 21 days of the date the IRS received the refund. Taxpayers who file a complete and accurate paper tax returns will usually receive their refunds within six to eight weeks from the date the return is received by the IRS.