By Special to the Daily World
BENTONVILLE, Ark. — Walmart is determined to save Americans money this tax season, and is doing so through its $3 and $6 check cashing. The retailer has also worked with its partners to lower costs for their tax preparation services including free in-store federal Form 1040EZ filing.
Last year more than 60 million Americans didn’t have access to traditional banking services – such as credit cards and checking accounts – adding up to billions of dollars in fees paid by Americans who need it the most.
Over the next two weeks these underserved Americans will file their taxes and start cashing approximately $31 billion in tax refund checks. Sadly, so many providers stand to capitalize on these individuals by charging between one and three percent of the total refund to cash the check. The average tax refund is $2,902 which means Americans could spend up to $90 just to receive their tax refund.
“Customers need to make every dollar count in this tough economy, and that’s why we’re committed to helping customers pay less for their financial services during tax season and throughout the year,” said Daniel Eckert, vice president of Walmart Financial Services. “With more than 3,000 tax preparation kiosks in Walmart stores across the U.S. and low flat-fee check cashing services, our customers can conveniently make their refund dollars stretch farther by simply taking care of their tax needs at Walmart.”
Leading up to the biggest tax filing week of the year, Jan. 16 – 22, Walmart has worked with Jackson Hewitt and H&R Block to double its in-store tax kiosks and lower the cost for tax preparation services.
In addition to Walmart’s tax offerings, the retailer offers several convenient products and services to its customers throughout the year: For more information on Walmart’s Financial Services please visit: http://www.walmart.com/cp/walmart-money-center/5433