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A couple quick tax questions

Posted on 2/13/13 at 8:12 pm
Posted by GREENHEAD22
Member since Nov 2009
19583 posts
Posted on 2/13/13 at 8:12 pm
First I know there use to be a tax credit for new purchases of flex fuel vehicles, is that still going on?

Also is there a way around the bank fees from when getting a return back?
Posted by LSU6262
Member since Jun 2008
7489 posts
Posted on 2/13/13 at 8:35 pm to
quote:

First I know there use to be a tax credit for new purchases of flex fuel vehicles, is that still going on?


I think this ended in 2010

quote:

Also is there a way around the bank fees from when getting a return back?


bank charged you a fee for receiving a return?
Posted by GREENHEAD22
Member since Nov 2009
19583 posts
Posted on 2/13/13 at 8:45 pm to
No a friend had it done and said there was a 30$ bank fees charge, haven't done mine yet.
Posted by BilJ
Member since Sep 2003
158727 posts
Posted on 2/13/13 at 8:55 pm to
quote:

First I know there use to be a tax credit for new purchases of flex fuel vehicles, is that still going on?


God no, they realized that was a massive frick up after just a few weeks
Posted by GREENHEAD22
Member since Nov 2009
19583 posts
Posted on 2/13/13 at 9:10 pm to
Hey one can hope.
Posted by OldTigahFot
Drinkin' with the rocket scientists
Member since Jan 2012
10500 posts
Posted on 2/13/13 at 9:28 pm to
quote:

No a friend had it done and said there was a 30$ bank fees charge, haven't done mine yet.


He definitely needs to change banks.
Posted by Layabout
Baton Rouge
Member since Jul 2011
11082 posts
Posted on 2/13/13 at 9:37 pm to
quote:


Also is there a way around the bank fees from when getting a return back?

You sure it was a bank fee? H&R Block software charges a fee for e-filing the state return, I think twenty bucks.
Posted by weaglebeagle
Alabama
Member since Jan 2011
1559 posts
Posted on 2/14/13 at 7:57 am to
I'm assuming you are getting your tax prep fees taken out of your refund? If so then most places will charge a bank fee to do so because the refund will hit their bank and then they'll give you the remainder after the tax prep fees are taken out.

If you are going somewhere like block they might waive the fee but I wouldn't count on it. The only real way to avoid a bank fee is if you pay your tax prep fees up front. If you are paying up front and they try to charge you a bank fee then that is bs. The money comes directly from the IRS and the IRS doesn't charge for direct deposit or to mail a check.
Posted by weaglebeagle
Alabama
Member since Jan 2011
1559 posts
Posted on 2/14/13 at 7:58 am to
quote:

You sure it was a bank fee? H&R Block software charges a fee for e-filing the state return, I think twenty bucks.


It did? Did you file more than one return using the software? I filed my sister's return for her last week and just had to pay for the state software. It didn't cost any extra to e-file. She was using the most basic software though since she just had a w2 and that was it.
Posted by kennypowers816
New Orleans
Member since Jan 2010
2443 posts
Posted on 2/14/13 at 8:36 am to
quote:

I'm assuming you are getting your tax prep fees taken out of your refund? If so then most places will charge a bank fee to do so because the refund will hit their bank and then they'll give you the remainder after the tax prep fees are taken out.

If you are going somewhere like block they might waive the fee but I wouldn't count on it. The only real way to avoid a bank fee is if you pay your tax prep fees up front. If you are paying up front and they try to charge you a bank fee then that is bs. The money comes directly from the IRS and the IRS doesn't charge for direct deposit or to mail a check.


This is correct. Some preparers (H&R Block, Liberty Tax, etc.) will offer you to have their fee taken from your return. If you choose to do so, you are transferring your return to a Bank, who subsequently takes the preparer's charges and an additional "Bank fee" from you and distributes the remainder to you.
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