Louisiana Department of Revenue introduces pre-paid MyRefund
Card for income tax refunds
Louisiana taxpayers who do not choose direct deposit for their state income tax
refunds will receive those refunds in the form of a pre-paid debit card, the
Department of Revenue announced Monday.
The Louisiana MyRefund Card permits free teller-assisted withdrawals at all banks
and credit unions that accept visa; it allows unlimited no-fee cash-back transactions
at retail merchants; and it allows no-fee cash withdrawals at all ATMs operated
by Chase, the vendor bank issuing the card. In addition, MyRefund card holders
can manage the funds in their refund accounts entirely online. Online services
include the ability to check card balances for free, online bill pay, and the
ability to issue oneself a paper check for the full card balance.
Taxpayers who prefer checks can also call or visit any LDR office for assistance.
However, they must do so before activating the MyRefund card.
The card is inactive when it arrives by mail. The recipient must call a toll-free
number to activate it with uniquely identifying personal information.
LDR will issue the MyRefund Card to taxpayers who file paper individual state
income tax returns and to individual electronic filers who do not choose direct
deposit for their refunds.
Information is available at www.revenue.louisiana.gov/myrefund.
Video
LDR’s video on the Louisiana MyRefund Card
Tax preparers – download and print LDR’s official
brochure on
the Louisiana MyRefund Card to share with your clients.
