Print This ReleaseMedia Relations:
H&R Block Media Desk 816.854.4287 mediadesk@hrblock.com
H&R BLOCK ANSWERS FILERS’ REBATE QUESTIONS
FOR RELEASE MAY 08, 2008
KANSAS CITY, Mo. – With some filers already receiving their Economic Stimulus Plan rebates, H&R Block (NYSE:HRB), the world’s largest tax services provider, answers the top three questions filers are asking at the company’s 4,500 year-round offices.
1. Will my rebate (economic stimulus payment) be direct deposited into my bank account or will I receive a check in the mail?
The IRS determined how the tax rebate payments would be distributed. Some common scenarios include:
• If you had a refund anticipation loan loaded on to a prepaid card account at the tax desk, your rebate will be sent by paper check. Even taxpayers who applied for but were denied a bank product such as a RAL, will receive a paper check.
• If you had tax preparation fees withheld from your refund – in a tax office or online – your rebate will be sent by paper check.
• If you had a federal tax refund direct deposited from the IRS on to a prepaid card account, but did not request a RAL or other bank product and the account is still open, your rebate will be direct deposited into that account.
• If your tax refund was direct deposited by the IRS into your personal bank account, your rebate will be direct deposited into the same bank account.
• If you did not receive a tax refund or you had a balance due but your bank account was noted on your return, the rebate will be direct deposited to this account. If your bank account was not noted, your rebate will be mailed in the form of a paper check.
2. I thought my rebate was going to be more than this. Who do I call?
The IRS can answer any specific questions about rebate amounts. Visit them online at: www.irs.gov or call the IRS Rebate Hotline at 1-866-234-2942. More information about the program is at the IRS Economic Stimulus Payments Information Center at http://www.irs.gov/newsroom/article/0,,id=177937,00.html
3. Because of income limits, I am not required to file a tax return. Is it too late to file to get my rebate?
People who are not required to file have until Oct. 15, 2008, to file a return in order to be eligible for a rebate. Americans who aren’t required to file are people who paid no income taxes but earned at least $3,000, including Social Security, railroad retirement and disabled veterans’ benefits.
To speak with a tax professional, locate a year-round office near you at www.hrblock.com. Visit www.digits.hrblock.com for blogs, podcasts and FAQs on the economic stimulus plan and more.
# # #
About H&R Block
H&R Block Inc. (NYSE: HRB) is the world’s preeminent tax services provider, having served more than 400 million clients since 1955 and generating annual revenues of $4 billion in fiscal year 2007. H&R Block provides income tax return preparation and related services and products via a nationwide network of approximately 13,000 company-owned and franchised offices and through TaxCut® online and software solutions. The company also provides business services through RSM McGladrey and certain consumer financial services. For more information visit our Online Press Center at www.hrblock.com.
