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Jackson Hewitt – No Fee Refund Advance: up to $3,500 – Early Refund Advance: $100-$1,500 – None for No Fee Refund Advance – 35.96% APR for Early Refund Advance. Intuit TurboTax.
The practice of tax refunds being used in conjunction with car financing quickly spread throughout the area and then throughout the entire United States. John Hewitt purchased Mel Jackson's Tax Service and began to offer refund anticipation loans in 1988, building a national franchise out of the idea: Jackson Hewitt Tax Service.
Santa Barbara Tax Products Group processes tax refund-related financial products on behalf of University National Bank, [5] [6] servicing U.S. taxpayers through partnering tax professionals including Jackson Hewitt Tax Service, [7] and online tax preparation software providers including Turbo Tax. [8] [9]
The company set aside $2.45 million in restitution for customers if they purchased a "refund anticipation loan" or a "refund anticipation check" through H&R Block between January 1, 2001 and December 31, 2008. In addition, H&R Block agreed to pay $500,000 in penalties and $1.9 million in fees and costs.
Continue reading → The post Jackson Hewitt vs. H&R Block appeared first on SmartAsset Blog. ... Jackson Hewitt will refund your federal return fees if you get a larger refund or smaller tax bill ...
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