If you need cash while waiting for your income tax refund, some tax preparation services offer tax refund loans.
Tax refund loans, also called "refund advance loans" or “refund anticipation loans” let you access your refund early. The tax preparation company lends you money that is repaid with your tax return. Some loans charge zero interest, while others include interest if you want the funds before 2025.
Tax preparers typically require borrowers to file their taxes with them, which can come with a fee. In paying a tax preparer just to get the advance, you’re basically paying to access your own money.
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