M in Carolina
Pearl Clutcher
Posts: 3,128
Jun 29, 2014 12:11:41 GMT
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Post by M in Carolina on Apr 20, 2016 19:16:52 GMT
The MasterCard thing is strange to me. Why would you do that instead of having it deposited to your bank account? Yeah that. I've also been wondering for several weeks now why you are getting thousands of dollars in taxes back that you desperately need. Why did you let the government have your money all year if you needed it so badly? Sounds like poor money management to me and you may need to re-think your exemption allowances/withholding amounts going forward. We also get a bit of money back. I asked dh why, and he said that because of our investments, etc. and the way his company does bonuses and overtime, it's just easier to withhold the maximum so we wind up getting money back rather than guess wrong and wind up owing a couple thousand. It works for us. Our taxes aren't easy to file, and dh has a degree in accounting and thought about working as a tax accountant. This year was especially difficult--so thankful that H&R Block will review your forms for free built into the fee they charge to file online.
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Post by cmpeter on Apr 20, 2016 20:10:52 GMT
Some third party tax preparers will give you a refund advance based on your estimated tax refund amount. Those can be loaded on a prepaid card, like a MasterCard card. Often you can get a bonus (extra $50 for example) for choosing this option.
I do agree that calling H&R Block is really the only option. They can give you the customer service number of the card issuer, who can get you a replacement card.
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grammanisi
Pearl Clutcher
Posts: 3,741
Jun 26, 2014 1:37:37 GMT
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Post by grammanisi on Apr 20, 2016 20:40:21 GMT
I'm so sorry about this. Financial stress is horrible to deal with. I hope you can get your card back today! Keep us posted Thank you. I got it taken care of. Our preparer was able to cancel the first card and issue a replacement, not problem. We have used the H&R Block MasterCard for years. Never had a problem before, not sure what we will do next year. I've also been wondering for several weeks now why you are getting thousands of dollars in taxes back that you desperately need. Why did you let the government have your money all year if you needed it so badly? Sounds like poor money management to me and you may need to re-think your exemption allowances/withholding amounts going forward. We planned on this money to pay some unexpected medical bills, that was why we needed it so desperately at this time.
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grammanisi
Pearl Clutcher
Posts: 3,741
Jun 26, 2014 1:37:37 GMT
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Post by grammanisi on Apr 20, 2016 20:43:54 GMT
We also get a bit of money back. I asked dh why, and he said that because of our investments, etc. and the way his company does bonuses and overtime, it's just easier to withhold the maximum so we wind up getting money back rather than guess wrong and wind up owing a couple thousand. This is us, too. We had a few years that we had to pay and we don't want that to happen again.
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scrappinmama
Drama Llama
Posts: 5,016
Jun 26, 2014 12:54:09 GMT
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Post by scrappinmama on Apr 20, 2016 20:49:49 GMT
M in Carolina, I didn't know you could take your return in to H&R Block for free just to double check. Is that if you use their software? I will have to remember that next year.
Grammanisi, I'm so glad they were able to get you a new card. Don't even get me started on medical expenses. Dh hurt his elbow and had to get x rays. Then he went in for blood work. Then I fell and hurt my hand, needed x rays. Then I had blood work. I can not believe how much the bills were for that. And we have medical insurance! Here is hoping you can get ahead of those bills and things start to calm down for you all.
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Post by disneypal on Apr 20, 2016 20:58:52 GMT
Thank you. I got it taken care of. Our preparer was able to cancel the first card and issue a replacement, not problem. Great! I am sure that is a big relief. Glad you were able to get it resolved so quickly.
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Post by mommythree on Apr 20, 2016 21:20:48 GMT
The MasterCard thing is strange to me. Why would you do that instead of having it deposited to your bank account? Yeah that. I've also been wondering for several weeks now why you are getting thousands of dollars in taxes back that you desperately need. Why did you let the government have your money all year if you needed it so badly? Sounds like poor money management to me and you may need to re-think your exemption allowances/withholding amounts going forward. If you are wondering about a stranger's tax returns for weeks....clearly you have too much time on your hands....why not go volunteer YOUR fabulous money management skills at your local tax office...I'am sure they would love to have you.
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