Louisiana taxpayers have choices for state income tax refunds
POSTED: Sunday, February 10, 2013 - 12:00pm
UPDATED: Sunday, February 10, 2013 - 12:04pm
Baton Rouge, La — Louisiana taxpayers can choose between three methods of payment for state income tax refunds.
Taxpayers who file their state income taxes electronically can select direct deposit, a paper check, or the Louisiana MyRefund Card, a pre-loaded debit card that can be used to withdraw cash at ATMs or bank teller windows, shop and pay bills online, or make purchases and get cash back at retail registers.
New to the paper state income tax return (Form IT-540) this year is the option of selecting a paper check for your refund, in addition to the MyRefund Card. Taxpayers who do not select a refund method on the paper form will receive the debit card.
The Louisiana Department of Revenue (LDR) encourages electronic filing for all income tax returns. It is the method that provides the fastest processing time for refunds. Electronic filers receive their refunds within an average of ten business days. Paper filers can expect to wait at least three months. Electronic filing options include commercially-available tax preparation software and Louisiana File Online, the state’s free tax filing web application.