Tax time is almost upon us, and for many, that means the expectation of a significant refund. Tax refunds are issued from the money you paid to the government in taxes throughout the year when you have paid more than the cost of your total bill. The government determine whether you are owed a tax refund and how much once you have filed your taxes. If they find there is a difference between what you have paid (more) and what was owed (less) then they will send you a tax refund in the form of a check.
Additionally, as well as the refund described above, some families or parents and guardians can be eligible for extra tax credits. A tax credit is where you are given a refund of a higher value than the tax you overpaid. The concept behind these tax credits is to help those that are working but still not well off and many people spend their tax credit money on bills, food, clothing, heating, transportation and other life essentials.
One of the best things about tax credits and tax refunds is that it is left up to the individual or family how to spend them. Indeed, the soundest use of tax refunds is to spend them in a way that best benefits the family and individuals to who they were given. Here ay Mr Nice Guy Bail Bonds, we recognize that sometimes, this means paying bail for yourself or a loved one, and we can help you through the process of using your tax refund to cover a bail bond in the most cost-effective way.
How to Pay Bail with A Tax Refund
There are two important things you need to remember when considering posting bail with the money you received from your tax refund. The first is that neither bail bond agencies, nor jails will be able to take or cash your tax return check. Instead, you will need to get it cashed beforehand, making sure that the money is paid either into a bank account you have access to, a PayPal account, or onto a pre-paid credit card.
The second is that paying your full bail amount at the jail with your tax refund money, may not be the best use of those funds. This is because bail is designed to discourage people from fleeing before their trial, and so is usually set at a high amount, often thousands of dollars upwards. Sadly, few people will get a tax return that covers this amount, but the good news is that bail bonds are an option that requires only a small percentage of the total amount to be paid. Indeed, usually bail bond agencies only charge around 10% of the total bail cost, making it a much better value option that ends in the same result you or your loved one being released from jail.
Can I Use A Tax Refund To Cover Bail Bond Costs?
Yes, you can use the money that you received via your tax refund to cover bail bond costs. However, bail bond agencies will not be able to cash your tax refund check so it's important that you do this before beginng the process.
If you have any questions about this, or any other part of the bail bond process, call our friendly, and knowledgeable bail bond agents at 844-400-2245 today.
Can I Get Out Of Jail On A Bond With My Tax Refund?
Just like bail bond agents, jails are unable to cash your tax refund check. However, that does not mean you cannot use the money you get from cashing the check with your bank to cover your bail costs, because you can.
However, the cost of paying full bail, compared to paying a bail bond is very high, so you may find that your tax refund does not cover the entire amount. Therefore to get the best value from your tax refund check, and ensure the fast release of you or a loved one from jail bail bonds are usually the more sensible option.
What Do I Need To Bring When I Use My Tax Return To Post Bail Bonds?
First of all, you must remember to get your tax return check cashed before you come to post a bail bond. Additionally, there are some important documents and other items you will need to bring to begin the bail bond process including:
The first of these is proof of residence and something like a recent utility bill showing your name will do. Mortgage or rental agreements are also acceptable. You will also need a current photographic ID such as a passport, as well as proof of income which will need to be a recent bank statement or payslip.
You'll also need to bring a complete bail application if you want the process to be as quick as possible. However, if you need help completing a bail application our dedicated and friendly team can walk you through the process, just contact us at 844-400-2245.
Lastly, you will need to make sure you have a valid payment method with you because as a bail bond agency, we are not able to cash your tax return check for you. This can be a bank card, cash or a prepaid credit card. We also accept wire transfers and PayPal payments. Just make sure you have all the details you need to make such payments with you when you attend your appointment. Then you will be helping us, help you process your bail bond as quickly as possible, and ensure you or your loved one are released, from jail fast.
Choose Mr Nice Guy Bail Bonds For all Your Bail Bond Needs
Whether you choose to pay your bail bond with your tax return or not, working with Mr Nice Guy Bail Bonds means you will be supported at every step of the way. Indeed, here at Mr Nice Guy Bail Bonds, we pride ourselves on exceptional customer service and support.
Our licensed bail bind representations are always helpful and friendly and understand how upsetting it can be to have a loved one in jail, and how your goal will always be to get them out as soon as possible.
For all your bail bond needs contact us at 844-400-2245, or complete our simple form today.