Who Offers Tax Refund Loans?

There are a great many places that you can get tax refund loans.

Below I will share with you where and who, but first a little background on IRS tax return refund loans.

As of 2011 H&R Block is no longer providing “Tax Refund Loans” or as Block called them, Refund Anticipation Loans (RAL). H&R Block is the largest of 3 huge national tax preparation chains, which include Jackson Hewitt and Liberty Tax Service. Although H&R Block was best known as a provider of tax refund loans, there are still a great many tax preparation services that can provide you with tax refund advance loans which in effect enable you to access your refund money in about 24 hours; less loan fees of course.

Tax Refund Loan Amounts Have Changed

In previous years, anticipated tax refund loan amounts equaled the total of your tax refund, up to $7,500. Loan amounts could also vary from one taxpayer to another. According to one national tax service firm, for the year 2011 they are a flat amount of $1,561.22. Your net check amount is $1,500 after lender charges are deducted. They are not offering smaller loan amounts against your tax refund this year. There are additional costs you must consider though. Don’t forget to figure-in other fees such as, lender charges of a credit investigation fee, a finance charge, a tax refund administration fee for the professional tax return preparer and other assisted refund fees will also apply and will be withheld from your total tax refund.

What IF You Want A Smaller Tax Refund Loan Than $1500?

Well, according to one national tax service chain you are SOL. Hey, don’t panic! While you may not be able to get a loan for your pending refund, there are still borrowing options available to you. If you really need a loan and you need it fast you should consider getting a $100 to $1500 Tax Refund Loan Alternative from Loans Online as a substitute for the income tax refund loan. This payday cash advance can provide you with fast cash. The approval process is nearly instant and your cash can be wired to your bank account as quickly as 1 hour.

Why The Big Change Of Maximum Loan Amount

Loan amounts were lowered by at least one lending bank as a result of the IRS revised policy to no longer provide the Debt Indicator. The Debt Indicator supplied automated quick notification if some or all of your refund would be reduced due to existing federal debts such as back taxes, student loans or child support payments. The information contained in the notification was received by the lender to help with the tax refund loans approval decisions and by your tax preparer to notify you of your tax debts, if any. According to my research, tax refund loans are more difficult to qualify for from here forward. One source requires that you must have a minimum anticipated refund due of $2000 to qualify.

Loan Sources For Anticipated Tax Refunds

Tax refund loans are mainly offered through professional income tax return preparers and accounting services. The actual source of most of the refund loan money is just a hand-full of banks that distribute these tax advance loans out to you through tax return preparation services. These professional tax preparation services are an important and necessary intermediate step in the process of providing you with a tax refund loan.

Professional tax preparation services play a very important roll in the availability and distribution of these tax refund advances. Without them tax return loans would probably not exist or be so obscure that most taxpayers anticipating refunds would never be able to find where and who offers loans against their anticipated tax refund. In essence the professional tax prepares and accounting services that offer loans against your pending refund are sub-contractors hired by or affiliated with the bank / actual lender to not only distribute tax refund loans but act as gatekeepers to qualify potential borrowers.

Qualification & Approval Process

Who is more qualified than CPA’s, accountants, and professional income tax return preparation specialists to help screen applications for tax refund loans – nobody! It is their job to make sure that you and your income tax return meet the minimum approval qualifications. In other words, they provide the actual lender with an opinion as to whether or not each and every tax refund loan contract meets certain requirements and may be worth the risk; and that the details of the paperwork are accurate and complete to make the final approval process easier for the lender.

At this time to the best of my knowledge tax refund loans are only available through professional tax preparation services at the time you efile your tax return. After all, how else is a lender going to quickly verify that you are who you claim to be and that you provided valid and accurate information. This is a fraud protection measure. If you have already e-filed or filed a paper return you may want to consider this alternative… Loans Online up to $1500. Now as far as who is offering tax refund loans, here is who and how to find them:

1) Review the loan offers you see on this page;

2) Run a search (I couldn’t possibly name them all) to find the local professional tax preparation companies nearby in your neighborhood, city or town – call them and ask the question. You are almost certain to find someone that makes refund anticipation loans in your area;

3) There two national companies that I know of have picked up the void left behind by H&R Block. Look for the Jackson Hewitt and/or Liberty Tax Service ad-links that you will probably find on this page. According to several Jackson Hewitt Tax Service representatives I check with, you will have to go into one of their offices and efile your return in order to apply for the tax refund loan. You cannot simply efile online and then go into an office asking for tax refund loans. Like H&R Block they are calling them RAL’s, short for “refund anticipation loans”. Although Jackson Hewitt and Liberty Tax Service have locations nationally, they are not on a street corner of every town or neighborhood in every state; but they want to be.

Tax Refund Loans FAQ’s

Tax Refund Advance Related Pages

• Tax Refund Loans
• Tax Refund Advance
• Tax Refund Advance FAQ’s
• Tax Refund Loans FAQ’s
• Rapid Refund

Recent Tax Refund Advance FAQ’s

• Can I Get A Tax Refund Advance or Tax Refund Loan Online?
• Will Anyone Loan Against A Pending IRS Refund Direct Deposit?
• Is There A Way To Get An Advance On My Tax Refund?
• Can I Borrow Against Next Years Tax Return?
• Who Offers Tax Refund Loans?

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