For most Americans, an income tax return is the largest financial transaction of the year. Individuals and families wait eagerly for their tax refund. If they’re looking to get it faster, this year may yield a big surprise. The IRS is delaying refunds for millions.
H&R Block’s loan is being offered in amounts of $500, $750, and $1,250. There are taxpayers who depend on their tax refunds to manage the bills, credit card payments, and unexpected expenses. The Refund Advance, a no-interest loan with no finance charges or other hidden fees, was introduced to help them.
How to Receive the Loan
When one’s taxes are prepared at a participating H&R Block office, they can apply for the Refund advance with a tax professional. Those who are eligible can complete an application. If approved, they’ll be notified on the amount they’ll receive by MetaBank®. Criteria for approval include:
- Being owed a refund by the IRS
- Filing a tax return with H&R Block
- Meeting eligibility requirements
- Passing all underwriting criteria
How the Refund Advance Works
Taxpayers who are approved have their funds placed on an H&R Block Emerald Prepaid MasterCard. The Refund Advance is available beginning January 9. Available for a limited time, the no-interest loan will give taxpayers a financial opportunity through the tax preparation process.
Learn more at H&R Block.