Jackson Hewitt, Amex again claim quicker refunds

Jackson Hewitt Tax Service will again this year have an arrangement with American Express Serve as “an option for clients to receive their tax refunds and manage their money.”

The move follows similar refund-option deals by tax prep giants last season.

A Jackson Hewitt location
The Justice Department sued to shut 125 franchises of No. 2 U.S. tax preparer Jackson Hewitt Tax Service Inc. as the IRS accused the outlets of submitting thousands of fraudulent returns that cost the government more than $70 million. This office of Jackson Hewitt Tax Service in Shreveport, Louisiana, on April 4, is not known to be involved in the federal law suit. Mario Villafuerte/Bloomberg News

Hewitt clients can load their IRS refund for free onto an American Express Serve Card and have access to their federal refund up to two days earlier than a standard e-deposit from the IRS, according to the prep chain.

American Express Serve is a reloadable prepaid account with money management tools. No minimum balance is required. Additional features include ATM withdrawals at MoneyPass ATMs, quick check cashing and taxpayers’ ability to pick up refunds at Walmart stores.

For reprint and licensing requests for this article, click here.