Tax Rebate Calculator
YOUR TAXES
Simple Pay Customers:
Direct Deposit or Mailed Check?
There has been some confusion for TaxCut users who chose the Simple Pay option to pay their tax preparation fees and if they will now receive their tax rebates as Direct Deposits or as mailed checks?
Let's see if we can alleviate this confusion. Simple Pay customers will receive their tax rebates as mailed checks.
Why? Simple Pay involved a temporary bank account with H&R Block Bank that the IRS used to deposit tax refunds. Fees for tax preparation and for the Simple Pay option were then deducted by the Bank and the remaining refund settlement was then transmitted to the Simple Pay customer's bank account.
The IRS will not consider these temporary accounts viable for Direct Deposit of the tax rebates. Distribution of tax rebate payments will be as mailed checks and will be based on the last two digits of your Social Security Number; for Married Filing Jointly, it is based on the first Social Security Number listed on the 2007 federal return.
For the IRS schedule of mailed checks, please see "Tax Rebates Now Arriving."