When you e-file through TaxACT, you can have our software fees deducted from your federal or state tax refund. This transaction is processed by our banking partner Republic Bank, who charges a fee of $19.99 for that service. So, both the TaxACT software fee and the Republic Bank processing fee will be deducted from your refund before it is direct-deposited (or a check is mailed).
If you file federal and state returns together, and choose to have your software fees deducted from your refund, your software and bank processing fees will be deducted from whichever refund is sent to the bank first. You will be charged the $19.99 bank processing fee only once.
If you file federal and state returns separately, you may incur two bank processing fees.
If you choose to receive your refund on a PayPower Prepaid card, the bank processing fee is $9.99 whether you have the bank take your software fees out of your refund or not. When choosing to receive your refund on a PayPower Prepaid card, you can still choose to have your TaxACT fees deducted from your refund, or you can pay your software fees by credit card.