Choose YOUR tax refund preferences by completing an easy tax interview (including options for holiday tax loans and refund anticipation loans). ) E-filing your tax return does not require a “RAL” (refund anticipation loan). There are no upfront costs if you choose a “RAL.”
For traditional refund anticipation loans and holiday tax loans, taxpayers approve the tax refund amount and provide a direct deposit account (checking, savings, or prepaid card). Holiday tax loans known as “RALs,” not YOUR actual refund, are refund anticipation loans. Your actual tax refunds from the federal or state taxing authorities will be used to pay back the loan. Tax Preparation Fee applies.
Receive direct deposits to YOUR agreed-upon checking, savings, or prepaid card for tax refund anticipation loans and holiday tax loans. Actual refund amount, identity verification, eligibility requirements, application, underwriting standards, and other terms and conditions must all be met for approval. Tax preparation fees apply regardless of RAL decision.
TaxNet Financial Inc. rejects tax refund anticipation loan applications for any reason, excluding those related to a borrower’s race, color, religion, national origin, sex, marital status, or age (as long as they are of legal age), to the fact that all or part of their income comes from a public assistance program, or to the fact that they have in good faith exercised any rights under the Consumer Credit Protection Act. Please use caution and think carefully before applying for a tax refund anticipation loan advance. First year client, and I will be back next year. I received excellent service and was informed that it could take up to 12 hours for funds to be deposited into my account after my Refund Anticipation Loan application was approved. Everything happened accordingly, and now everything is complete. The tax associates are competent and helpful individuals.
Christi MaguireMy tax specialist was extremely knowledgeable, friendly, and responsive. I like the quick communication they called me and sent me text alerts so I know exactly what is going on with my refund anticipation loan and tax refund. I recommend to anyone looking for a good tax company.
The tax-related products RAC (Refund Anticipation Check), AR (Assisted Refund), and ERD (Electronic Refund Deposit) allow tax preparation fees to be deducted from YOUR refund after services are completed, with the remaining refund being distributed to you by check, direct deposit, or prepaid card. Refund Anticipation Check, Assisted Refund, and Electronic Refund Deposit are all fancy marketing terms, but none of these tax-related products will speed up the time it takes to deposit your tax refund. Your actual tax refund will be processed, according to the IRS, in less than 21 days.
Refund Anticipation Loan, or “RAL,” which starts in December and costs $1,278 and is also referred to as an Income Tax Advance, Instant Tax Loan, Rapid Refund, Tax Refund Line of Credit, or Tax Refund Loan, is a loan and not your actual refund.
W-2 Electronic Access – FREE
Use W-2 Electronic Access to get your anticipated refund amount the same day.
Additionally, it eliminates the possibility that your W-2 will be delivered late, be misdirected, or go missing. Why wait access your tax documents now. Only a few employers offer online delivery of your original W-2. You must give us a prior year W-2 or FEIN (Federal Employer Identification Number) in order for us to check to see if your employer provides the service. Select the W-2 Electronic Access Option during the tax interview process, and we will receive your W-2 immediately.
Tax Refund Anticipation Loan Advance
Rated: 4/5 stars based on 89,312 customer reviews.
Price: The Fast Cash Holiday Advance is an optional loan product connected to tax refunds; it is not a tax refund itself. The total of the loan and any applicable interest will be subtracted from any refunds due to taxpayers, and the balance will be paid to them directly. Fees for other optional products or product features may apply. Tax returns can be electronically filed without applying for bank products related to tax refunds.
Loan offered is for $1,278 of your expected tax refund. Your anticipated refund of $1,278 is a loan with an annual percentage rate (APR) of zero. 00%. The fulfillment of identity verification, eligibility requirements, and underwriting standards are requirements for availability. Regardless of the loan decision, there are tax preparation fees and non-refundable technology fees. Before requesting any bank products related to taxes, kindly exercise responsibility and weigh your options, including the IRS free e-filing option.
You are borrowing funds against your tax refund when you take out a tax refund anticipation loan advance. YOU WILL STILL OWE THE ENTIRE AMOUNT OF THE TAX REFUND ANTICIPATION LOAN ADVANCE IF YOUR TAX REFUND IS LESS THAN EXPECTED. WITHOUT PAYING ANY ADDITIONAL FEES AND TAKING OUT A TAX REFUND ANTICIPATION LOAN ADVANCE, YOU CAN GET YOUR REFUND IN 8 TO 21 DAYS. You can electronically file your tax return and have your refund deposited into your own account.
FAQ
Can I get a loan on my anticipated tax refund?
Short-term loans known as “tax refund advance loans” are paid back with your upcoming IRS tax refund. Loan amounts can range from $250 to $4,000 and are typically made available from December to February. Once the tax refund is issued, the loan amount is subtracted.
Can I get a tax advance online if I already filed?
If you’ve already submitted your tax return to the IRS, Refund Advance is not an option for you. Whatever method you selected when filing your return will be used to send you your refund.
Can I get a loan against my tax refund 2023?
A no-interest loan known as Refund Advance is paid back with your tax refund. Apply between Jan. 3, 2023 and Feb. 28, 2023. A loan will be issued in one of five amounts, including $250, $500, $750, $1,250, and $3,500, if approved.
How do I get a cash advance on my tax return?
Filers can choose to receive a Turbo Prepaid Visa Card with Cash Advance if they want to receive an advance on their refund. When electronically filing your taxes, you simply select the cash advance option and complete a loan application. (First Century Bank, N.A. is making a loan offer for the refund advance. A. , Member FDIC. ).