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Dept. of Revenue to ditch debit card tax refund option

1 year 7 months 3 weeks ago September 29, 2015 Sep 29, 2015 Tuesday, September 29 2015 September 29, 2015 11:02 AM in News
Source: WBRZ

BATON ROUGE - Early next month, taxpayers will lose the option to receive their tax refund from the State Department of Revenue on a MyRefund Debit Card.

The Department of Revenue says the Friday, Oct. 2 change comes due to J.P. Morgan Chase eliminating its prepaid debit card services. As of Oct. 2, taxpayers will no longer be able to choose the MyRefund Debit Card as an option to receive their tax refund from the State Department of Revenue.

The Department of Revenue says taxpayers will still have the option of receiving their refund through direct deposit or via paper check, but the debit card choice will no longer be available. The department continues to strongly encourage taxpayers to choose the direct deposit option because it is the fastest and most secure way to get their money back.

The department says any refunds approved and processed after Oct. 2 where taxpayers have chosen the MyRefund Debit Card refund option will default to a paper check that will be mailed to the taxpayer's address on file.

Existing MyRefund Debit Card holders with funds available on their cards will still be able to use them after Oct. 2. However, once the funds are depleted, they will not have the option to request that future refunds be placed on that card.

For more information about tax refund options, check out www.revenue.louisiana.gov or give the department a call at 1(855) 307-3893.

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