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Tax Tips & News: Debit Cards

Connecticut To Use Debit Cards For Refunds

2 minutes read

The State of Connecticut has indicated that it will stop issuing paper refund checks and instead will use Chase Bank debit cards.  These cards will need to be activated before they can be used.  CT taxpayers can opt-out and receive their refund by direct deposit, however they will not have the option to receive a check unless a taxpayer’s refund in exceeds $10,000, one is collecting refunds on behalf of the deceased or  has an offshore bank account.

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IRS is Putting Tax Refunds on Debit Cards

1 minute read

The IRS is sending out letters to hundreds of thousands of taxpayers about their new Debit Card program.  The program is for low income taxpayers who do not have bank accounts.

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