Jackson Hewitt is a prominent tax preparer that offers tax refund advance loans.
Understanding Tax Advance Loans
Tax refund advance loans, often referred to as tax advances, are short-term loans secured by an individual's anticipated tax refund. These loans allow taxpayers to access a portion of their refund sooner than if they waited for the IRS to process their return and issue the refund.
Providers of Tax Advance Loans
One notable provider of these services is Jackson Hewitt. They advertise tax refund advance loans to their clients, enabling them to get funds quickly.
- Jackson Hewitt's Offerings:
- Loan Amount: Clients may be able to borrow anywhere between $250 and $6,500.
- Cost: Their "No Fee Refund Advance loan" is advertised with a 0% Annual Percentage Rate (APR) and charges no fees.
- Requirements: To qualify for and receive this advance, individuals typically need to book an appointment at a Jackson Hewitt office to file their taxes through their service.
These advances can be a useful option for individuals who need immediate access to funds before their official tax refund is disbursed.
