1 Enter your name and Social Security number as shown on your tax form.
2 Enter the amount of your tax refund that you would like to invest in this fund in Line 1a.
3 Enter the American Funds routing number — 121000248 — in Line 1b. Then select Checking in Line 1c.
4 Enter your account information in Line 1d in the exact format described below.
- Enter 253 followed by your fund number and account number.
- Allow 4 spaces for your fund number.
- Allow 10 spaces for your account number.
5 Repeat the steps above as needed for other accounts (up to three accounts total).
6 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 $6,000 for 2020 and $6,000 for 2021 (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.