You can have your tax refund deposited directly to your American Funds traditional IRA, Roth IRA, SEP IRA or non-retirement mutual funds. Keep in mind that you cannot request a deposit of your tax refund into a fund that is not registered in your name.
If you would like to send your entire tax refund to a single fund, request a direct deposit on the tax return you are filing.
Use IRS Form 8888 if you would like to direct your tax refund to multiple funds (up to three).
Enter your name and Social Security number as shown on your tax form.
Enter the amount of your tax refund that you would like to invest in this fund in Line 1a.
Enter the American Funds routing number — 121000248 — in Line 1b. Then select Checking in Line 1c.
Enter your account information in Line 1d in the exact format described below.
Repeat the steps above as needed for other accounts (up to three accounts total).
Add Lines 1a, 2a and 3a (plus any amounts allocated in Part II and III). Then enter the total amount in Line 8. The total amount must equal the total amount of your refund.
Note: The IRA contribution limit is $5,500 for 2016 and 2017 (plus an additional $1,000 if you’re age 50 or older).
Be sure to read the full instructions and other information on IRS Form 8888 to ensure that your direct deposit is processed correctly.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.