The option to have your TaxACT product/e-filing fees deducted from your refund is available if you are selecting to receive a direct deposit and have an expected refund of $100 or more.  There is a fee of $17.99 if you select to have the product/e-fling fees deducted from your refund.

During the filing step, you will be asked to give your consent so we can show you all of your refund options.  After you give your consent, you can choose to receive your refund via Direct Deposit, PayPower Card, or by a paper check sent to you in the mail.  If you select to receive a paper check, you are not provided the option to have your TaxACT product/e-filing fees deducted from your refund. We have listed information below regarding the fees for each option:

Pay Product/E-Filing fees by Credit Card Deduct Product/E-Filing fees from Refund
Direct Deposit No Fee $17.99*
Paper Check No Fee N/A
PayPower Card $9.99* $9.99*
*and applicable TaxACT product/e-filing fee

If you choose Direct Deposit and pay out of your refund, TaxACT submits your return to the IRS like normal. The IRS will then release your refund to Republic Bank. Once Republic Bank receives the refund they will deduct the TaxACT product/e-filing fees & bank transaction fee from the refund and then direct deposit the remainder of the refund in to the account that you listed on your tax return.

If you choose to receive the PayPower Card and choose to deduct your TaxACT product/e-filing fees from your refund, TaxACT submits your return to the IRS like normal. Once the return is accepted, a prepaid card is mailed to you. The IRS will then release your refund to The Bancorp Bank. When the IRS releases the refund, The Bancorp Bank will deduct the TaxACT product/e-filing fees & card fee from the refund and then direct deposit the remainder of the refund on the prepaid card. All you will need to do is activate the card.

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