Life Support - Tax Facts
Tax Rebate: Will My H&R Block Emerald Prepaid MasterCard Account Allow for Direct Deposit?
A Tax Fact from The Tax Institute at H&R Block
When The Answer Is Yes
There have been some misunderstandings surrounding the H&R Block Emerald Prepaid MasterCard and whether this account will be considered for Direct Deposit of the Tax Rebate payment by the IRS. So let's try to alleviate some of this confusion.
If you had your taxes prepared at an H&R Block tax office and had your federal tax refund put on the Emerald Card, you WILL receive a Direct Deposit of the Tax Rebate Payment on the Emerald Card account.
Tax Rebate payments will be Direct Deposited for all eligible taxpayers beginning April 28, 2008, four days earlier than originally scheduled. Direct Deposit are based on the last two digits of your Social Security Number. For joint returns, it's the first Social Security Number listed on the 2007 federal return.
For Social Security Numbers ending in:
When The Answer is No
The Emerald Card will not be considered a viable account for Direct Deposit IF you received a bank product that involved a temporary bank account with the Card. Bank products include Refund Anticipation Loans, Refund Anticipation Checks, Simple Pay, and other settlement products.
If you received your federal tax refund on the Emerald Card through a temporary bank product such as those listed above, you will receive your Tax Rebate payment as a mailed check from the IRS.
Again, the schedule for mailed checks is based on the last two digits of the Social Security Number, and for joint returns, it's the first Social Security Number listed on the 2007 federal return.
Here's the schedule for when mailed checks should be in the mail, NOT in your mailboxes, but in the mail. The dates are:
For Social Security Numbers ending in:
ALL checks for those who filed 2007 tax returns on time are scheduled to be deposited or mailed by July 11.
We hope this helps to address Direct Deposit criteria. Remember, the H&R Block Emerald Card can be used for everyday purchases, bill payments and ATM withdrawals anywhere MasterCard debit cards are accepted. You can safely and conveniently add money to your card anytime through payroll direct deposit or at participating retail reloading sites through the Green Dot ® , MoneyGram® and Western Union locations.
This Tax Fact is brought to you by The Tax Institute at H&R Block.
To view other helpful tax information or listen to our Tax Fact podcasts, visit www.digits.hrblock.com
As always...everyone's tax situation is different, so be sure to consult a tax professional or financial advisor before making important financial decisions.
This Tax Fact is for educational purposes only and is not intended to be a substitute for seeking personalized, professional advice, nor is it intended to be used to avoid IRS penalties.
A Tax Fact from The Tax Institute at H&R Block
When The Answer Is Yes
There have been some misunderstandings surrounding the H&R Block Emerald Prepaid MasterCard and whether this account will be considered for Direct Deposit of the Tax Rebate payment by the IRS. So let's try to alleviate some of this confusion.
If you had your taxes prepared at an H&R Block tax office and had your federal tax refund put on the Emerald Card, you WILL receive a Direct Deposit of the Tax Rebate Payment on the Emerald Card account.
Tax Rebate payments will be Direct Deposited for all eligible taxpayers beginning April 28, 2008, four days earlier than originally scheduled. Direct Deposit are based on the last two digits of your Social Security Number. For joint returns, it's the first Social Security Number listed on the 2007 federal return.
For Social Security Numbers ending in:
| 00 - 20 | First wave of Direct Deposits sent to banks Starting April 28 |
| 21 - 75 | Second wave of Direct Deposits |
| 76 - 99 | Third wave of Direct Deposits |
When The Answer is No
The Emerald Card will not be considered a viable account for Direct Deposit IF you received a bank product that involved a temporary bank account with the Card. Bank products include Refund Anticipation Loans, Refund Anticipation Checks, Simple Pay, and other settlement products.
If you received your federal tax refund on the Emerald Card through a temporary bank product such as those listed above, you will receive your Tax Rebate payment as a mailed check from the IRS.
Again, the schedule for mailed checks is based on the last two digits of the Social Security Number, and for joint returns, it's the first Social Security Number listed on the 2007 federal return.
Here's the schedule for when mailed checks should be in the mail, NOT in your mailboxes, but in the mail. The dates are:
For Social Security Numbers ending in:
| 00 - 09 | Beginning May 9 and continuing through May 16 |
| 10 - 18 | On or before, May 23 |
| 19 - 25 | On or before, May 30 |
| 26 - 38 | On or before June 6 |
| 39 - 51 | On or before June 13 |
| 52 - 63 | On or before June 20 |
| 64 - 75 | On or before June 27 |
| 76 - 87 | On or before July 5 |
| 88 - 99 | On or before July 11 |
ALL checks for those who filed 2007 tax returns on time are scheduled to be deposited or mailed by July 11.
We hope this helps to address Direct Deposit criteria. Remember, the H&R Block Emerald Card can be used for everyday purchases, bill payments and ATM withdrawals anywhere MasterCard debit cards are accepted. You can safely and conveniently add money to your card anytime through payroll direct deposit or at participating retail reloading sites through the Green Dot ® , MoneyGram® and Western Union locations.
This Tax Fact is brought to you by The Tax Institute at H&R Block.
To view other helpful tax information or listen to our Tax Fact podcasts, visit www.digits.hrblock.com
As always...everyone's tax situation is different, so be sure to consult a tax professional or financial advisor before making important financial decisions.
This Tax Fact is for educational purposes only and is not intended to be a substitute for seeking personalized, professional advice, nor is it intended to be used to avoid IRS penalties.
