You’ve Got No Mail: Tax Refunds Moving to Debit Cards

by Joshua on January 13, 2011

According to the Wall Street Journal, the Treasury Department plans to launch a new program that will deliver tax refunds to taxpayers using prepaid debit cards rather than mailing paper checks. The move is another cost-cutting measure by the Department to decrease the number of mailings made to individuals. Approximately 600,000 taxpayers composed of low-to-moderate income earning individuals will be invited to participate in the pilot program by letter (irony). The letter will explain the program and request that the taxpayer enroll in the program by activating a debit card that can receive the deposits.

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