What are the pros cons of getting a "fast cash" tax return loan? - Fast Cash Loan - Knowledge Base

What are the pros & cons of getting a "fast cash" tax return loan?

I'm in a pinch and I know that my tax return money will easily cover this tough time. How much do preparers usually charge for this type of advance? What if the estimated return is incorrect? Than!ks

Responses:

First off it depends on how much a return you are expecting and how complicated your taxes are. If you are a W - 2'd employee with not deduction etc then you should expect to pay about $40 - 60 to get your taxes done. Which in my opinion is a total rip off. If you own a home or have a compicated return then you will pay from $100 Up to $350 Also keep in mind that most of these "quick tax return" places have a maximum amount they are willing to "Lend" you. Yes they are lending you the money. You basically ign your government check over to them so the governement just sends it to them. Keep in mind that they all charge a fee for this loan. Good Luck
All cons. The price is er bait. You can have all your money in less than two weeks by efiling
You pay interest at around 35%. Can you wait patiently for 2 to 3 weeks to get your refund? Most people can use Turbo Tax on - line for free. Go to turbotax.com

Tags: efiling, luck, amount, opinion, cash

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