Virginia Tax Department to Offer Debit Cards for 2012 Tax Returns
Beginning in 2013, residents will no longer have the option to receive paper checks for refunds and can only use direct deposit to their bank account or receive a prepaid debit card.
Virginians who are used to receiving paper checks for their income tax refunds will only have two options to choose from starting next year: direct deposit or prepaid debit card. According to the Virginia Department of Taxation’s website, paper check refunds will not be issued in 2013 due to a requirement from the 2012-2014 Appropriations Act which states income tax refunds can only be issued by direct deposit or on a prepaid debit card beginning with tax year 2012 returns. The change, according to the department’s website, is part of a cost-savings initiative. This is the first time the prepaid debit card has been offered as an option. How The Refund Debit Card Works All Virginia Tax Refund Debit Cards will be a non-reloadable MasterCard…
