When you want to set up direct deposit you will come across the Percentage of refund to apply to this account (xx.xx) field. I have no idea what ProConnect is looking for.
What do I do if I don’t want to split the refund?
Do I leave the field blank?
What if I want to split the refund — do I enter a percentage like 50%?
Do I enter 50.00?
What does (xx.xx) mean?
I found this article on the IRS website — Frequently Asked Questions about Splitting Federal Income Tax Refund which talks about entering dollar amounts.
This article does not really answer any of my ProConnect questions above as it is an IRS resource but I haven’t found anything else remotely helpful. Head shaking … and 🙄 looking at you Intuit.
In my particular case I don’t even want to split the refund so I am planning to leave that field empty.
I would be particularly interested to hear what others have to say about this. Thank you.