What Is a Tax Refund Advance? | Personal Loans and Advice
For many, springtime means relief in the form of a tax refund. But if you need money right now, waiting for the IRS to issue your refund might not be ideal.That's where a tax refund loan comes in. While these loans can get you early access to funds, they can be expensive and unnecessary."Consumers should carefully consider the advantages of having quicker access to the money versus the costs incurred to obtain the loan," says April Walker, lead manager for tax practice and ethics with the American Institute of Certified Public Accountants.Read below to learn how to get a tax refund loan, where to find one and if it's the best option for you.What Is a Tax Refund Loan?When you file your tax return, you may end up owing the government money or getting a refund from the government. If you are...
