State Treasurer Clint Zweifel (ZWY-ful) announced today citizens have a
new option to choose from when getting a tax refund from the State of Missouri.
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.
This is the first year the 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.
Benefits of the debit card include no check cashing
fees, no bank account is required and access to the funds 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.
More information about the refund debit card can be
found at www.dor.mo.gov.
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