Casual Consult LLC

Michelle McDonald

How a tax refund advance works
A tax refund advance loan lets you access some of your expected tax refund early — often within 24 hours, depending on the tax preparation company you choose. Many tax refund advance services also come with no interest or fees.

After your refund is processed by the IRS, you’ll repay the tax company the amount you borrowed in advance while keeping the remainder of your refund.

Keep in mind: You might qualify for a tax refund advance loan even if you have poor or fair credit.
And unlike other types of credit (like credit cards or personal loans), you won’t have to worry about paying higher interest charges if you have less-than-perfect credit.

However, there are some drawbacks to consider:

Your tax refund could be less than you expect. Your tax refund advance is based on your expected refund. However, keep in mind that the IRS could deny certain deductions that you claimed or find errors that reduce the amount of your refund. If your refund turns out to be less than you expected, you’ll have to repay the difference to the lender.
You typically can’t access your full refund. Most tax preparation companies only let you borrow a portion of your expected refund. For example, if your expected refund is $3,000, you might only be eligible for a $1,500 loan.
There’s usually a cost to file your tax return. While tax refund advances are often advertised as having 0% interest and no fees, that doesn’t mean the loan is free. Tax preparation companies typically charge you a fee to file your returns, which you’ll have to pay to qualify for a tax refund advance. Prices often start at $30 to $40 for a federal tax return (depending on the company), with additional fees if you need to file a state return or have a complex return. If you don’t pay these fees upfront and choose to have them deducted from your refund later, you might have to pay another fee to get a tax refund advance loan.
There might be fees to load your refund onto a debit card. Many companies will load your refund advance onto a debit card. However, these cards might come with additional fees, such as for ATM or over-the-counter withdrawals or account inactivity.

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With the Casual Consult u can get your return prepared audit protection an advance Upto 1k a maximized refund and audit protection for hundreds of dollars less! Want a quote or need an advance contact one of my team members!

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Over 12 Years in experience and today is the day for Business owners and individuals with their W2 to apply for an advance on tax refund!
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