Wednesday, September 26, 2012 11:00 AM PT / 2:00 PM ET Duration: 1 hour
For the 2012 tax season, many Americans who were owed refunds didn’t receive a familiar check in the mail. They got a prepaid debit card instead. At least six states issued their tax refunds on debit cards, in a move they say will save money for both the refund recipients and the government.
Can we expect to see more states issue debit cards for tax refunds? The states that are doing it say there are many advantages of plastic over paper checks. The potential savings are significant: up to $1 million annually, according to some state officials. Many states that have already switched to plastic payments for unemployment benefits and food stamps, say it’s a natural trend.
But with every new program there are risks as well as rewards. Changing the way tax refunds are distributed can be challenging, especially for those who are not accustomed to using debit cards.
Join GOVERNING’s editorial staff on Wednesday, September 26 at 2 p.m. ET for a live, interactive online forum as we discuss how and why a growing number of states are replacing paper tax refund checks with debit cards.
The online forum will cover:
Why states are turning to debit cards and how they are implementing the new program
What the advantages are to using debit cards
What challenges do states face when implementing a new way to distribute tax refunds.
Tod Newcombe (moderator) Editor GOVERNING
Rachel Benning Vice President Public Sector Development MasterCard
Gale Garriott Executive Director Federation of Tax Administrators
Ryan Holeywell Writer GOVERNING
Carol McCullar Chief Financial Officer Oklahoma Tax Commission
Kevin Sullivan Commissioner Department of Revenue Services State of Connecticut
For questions or more information, please contact: