H-E-B to Waive Fee for Cashing Child Tax Credit Checks

H-E-B to Waive Fee for Cashing Child Tax Credit Checks

07-23-03
SAN ANTONIO—H-E-B announced today that it will not charge a fee for cashing IRS Child Tax Credit rebate checks that will be hitting mail boxes after July 25.

As part of the tax-cut plan recently passed by Congress, the child tax credit has been raised from $600 to $1,000 per eligible child in the 2003 and 2004 tax years. The refund checks will serve as an advance on the increased credit which parents can expect to claim for 2003. Most middle-income parents are expected to receive up to $400 per eligible child.

"We have decided to waive the typical 1% fee for customers who cash their rebate checks at their local H-E-B," said Dora Valdez, business centers manager for H-E-B. "Texas parents will be able to utilize all of their rebate dollars for their families."

H-E-B stores with business centers statewide will offer the check cashing service for FREE, and no purchase is necessary to cash the checks. The first wave of checks will be mailed by the IRS on July 25 to filers with Social Security numbers ending between 00 and 33. Checks to those numbers ending in 34 to 66 will be mailed August 1, and those with higher numbers will be mailed after August 8.

Founded in Kerrville, Texas in 1905, H-E-B employs 55,000 partners and operates 300 stores throughout Texas and internationally in Mexico.

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