Missouri taxpayers have a new option this year to choose from when getting a tax refund from the state.
Taxpayers are now able to get a refund in the form of a debit card whether their return is filed on paper or electronically. The new refund option is for taxpayers who file individual income tax returns or Property Tax Credit (PTC) claims.
Married taxpayers filing a joint return will each receive separate cards and each card must be activated separately. Once activated, each card may access the full refund amount.
This is the first year that the Missouri Department of Revenue has offered the refund debit card.
To receive the card, taxpayers will need to check the "debit card" box located on the refund line of their 2012 income tax return or PTC claim.
After the card is received in the mail, the recipient must activate it by phone or online, and a Personal Information Number or PIN must be created.
The debit cards will include no check cashing fees and no bank account is required. Access to the funds on the card is available 24 hours a day. Taxpayers can use the refund card for free for purchases and to get cash back with a purchase anywhere a Visa Card is accepted.
UMB, MoneyPass and Chase ATMs may all be used to access cash without fees. One free withdrawal is allowed at other ATMs, but an ATM surcharge may apply. The card is issued by JP Morgan Chase of New York.
Other refund options for taxpayers include a paper check mailed to a taxpayer and electronic direct deposit into a bank account of a taxpayer receiving a refund.
For more information on the debit cards, visit www.dor.mo.gov/personal/debitcard.php