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Deduct Your TaxAct Fee From Your Federal or State Refund
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If you have a federal or state refund, you may be able to have the product fee deducted from that refund. Republic Bank, our banking partner, processes this transaction and charges a separate service fee. After deducting the applicable fees, Republic Bank will deposit the remaining amount into your designated account. This option is only available for TaxAct Online users.
To have fees withheld from a refund:  
  1. Complete your return.
  2. Select Direct Deposit as your refund method.
  3. Choose to have TaxAct fees deducted from your refund.
  4. Complete the Republic Bank application during the filing process.
  5. Once your return is accepted, your bank application is sent to Republic Bank for review.
  6. After approval and IRS/State refund release, Republic Bank deducts the fees and deposits the remaining balance into your account.
To contact Republic Bank, call their customer service at 1-866-581-1040, or visit the Republic Bank Tax Refund Solutions website. To log in, you need your SSN, date of birth, refund amount, and filing status.

Notes:
  • The fee paid to Republic Bank is not for direct deposit itself (which is always free) but for processing the deduction of your TaxAct fees from your refund.
  • Your refund must be at least $50 greater than the TaxAct and Republic Bank processing fees.
  • If you file federal and state returns together and choose to have your product fees deducted from your refund, your TaxAct product and the bank processing fees will be deducted from whichever refund is sent to the bank first. You will be charged the bank processing fee only once.
  • If you file federal and state returns separately, you may incur two bank processing fees.