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HR 1048 109th Congress House

Direct Deposit Savings Act of 2005

Official title: To amend the Internal Revenue Code of 1986 to allow taxpayers to split refunds and make deposits electronically among certain accounts.

Introduced: April 5, 2005 See on congress.gov
Taxation Bank accountsChecksCrime and Law EnforcementElectronic funds transfers
More subjectsShow fewer subjects
Finance and Financial SectorIncome taxIndividual retirement accountsLabor and EmploymentScience, Technology, CommunicationsTax refunds
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2005
Referred to the House Committee on Ways and Means.
Mar 2, 2005
Introduced in House
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 Latest action March 2, 2005

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Direct Deposit Savings Act of 2005 - Amends the Internal Revenue Code to permit taxpayers to direct that any overpayment of taxes be: (1) refunded in part by check, draft, or similar paper instrument; (2) allocated in part among not more than four accounts; and (3) deposited by electronic fund transfer in the accounts to which allocated.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1
Davis, Artur
· Apr 8, 2005
HARMAN, JANE
· Apr 5, 2005
 D
Schakowsky, Janice D.
Illinois · Apr 5, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1048: Direct Deposit Savings Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-1048/
MLA
"H.R. 1048: Direct Deposit Savings Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-1048/.
Bluebook (legal)
H.R. 1048, 109th Cong. (2026), https://openamerica.io/bill/109-HR-1048/.
Markdown link
[H.R. 1048: Direct Deposit Savings Act of 2005](https://openamerica.io/bill/109-HR-1048/)
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