Its next tier - Classic - costs $29.95 The Premium package is $49.95 . Pathward does not charge a fee for this service; please see your bank for details on its fees. Note that while TaxSlayer refers to its Tax Software Customer Support team as tax pros, they arent necessarily Certified Public Accountants , Enrolled Agents , or tax attorneys. H&R Block has a "Refund Transfer" service fee of $39.95 for clients who file their taxes at an H&R Block tax office. After the initial transaction, its a waiting game between the original issuer and acquirer for fund transfer. In February 2022, similar issues were posted on Intuit.com. What most merchants and customers alike may not be aware of is that merchants often have to deal with extra costs with every return. Online preparers will give you the option to pay for their services via credit or debit card or through your refund. The prices listed in this article do not include any discounts. Will my full tax refund be delayed in 2023. ; it is not your tax refund. Federal: $49.99 to $109.99. These tax pros have only training and certification from the IRS VITA program, plus other in-house training. Another essential thing to remember is that a merchant pays a transaction fee for a customers convenience to pay with a credit card, and merchants dont always recoup that fee after the return. State restrictions may apply. One thing that merchants have in common with customers is that everyone is a customer somewhere! If you know enough about your taxes to catch potential data-entry errors, you may feel comfortable using TaxSlayer. Tax Prep Fee Payment Options with TaxWise | Wolters Kluwer Sign up today and get a free card reader! "Despite the somewhat misleading name, you don't need Refund Processing to process your refund! This tax season, plenty of consumers already have hit Twitter and other social media to complain about a $39.99 charge that's called a "refund processing fee" when they use TurboTax online. If this happens, you should contact them directly by calling the IRS Taxpayer Assistance Line (800-829-1040). Key advantages of paying taxes with a credit card include cash flow benefits, the potential to build credit, and eliminating extension form requirements. A qualifying expected tax refund and e-filing are required. How does the refund transfer process work? In the other, you just head down the block to return the rug you bought. When it comes to refunds, the interplay between a merchant and customer can be a tense one, or it can be an opportunity to build trust. Some customers say that it is not made clear by TurboTax that theres another payment option that doesnt incur that additional cost. You'll decide how you want to receive your refund amount too. We believe everyone should be able to make financial decisions with confidence. 6 Customer must obtain a Refund Transfer (separate fees apply). TaxSlayer wants you to pay by deducting the cost from your refund, which they want you to do because they'll charge you an extra $39 for this "feature" that makes things worse.
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