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Tax Preparation Company. Loan Amount. Fees and Interest. Intuit TurboTax. Up to 50% of your anticipated refund. None. H&R Block – Emerald Advance: up to $1,300
Another provider offered a refund anticipation loan from December 11, 2023, to January 14, 2024, with an almost 36% interest rate and a finance charge of 7.5%. ... You can get TurboTax for 30% off ...
Some offer very small loan amounts before the tax year ends with sufficient documentation from the current year and last to support the need for an early refund advance loan. For example, at ...
Use of tax-time financial products, such as refund anticipation loans, in 2016. Refund anticipation loan (RAL) is a short-term consumer loan in the United States provided by a third party against an expected tax refund for the duration it takes the tax authority to pay the refund.
While tax refund loans are generally a safe way to get your tax money faster, they do come with one important risk. This kind of loan is based on the amount of money you anticipate getting refunded.
Getting a tax refund advance or a refund anticipation loan through a tax preparation service might seem like a quick and easy way to get funds, but as experts warn, these types of loans come with ...
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