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February 24, 2025
Question

Tax delay

  • February 24, 2025
  • 1 reply
  • 0 views

Why would yall have people pay for 5 early refund? When they do qualified is they paid the fee with there tax or got refund advance. I don’t understand 

1 reply

Employee
February 24, 2025

Neither do I.  At best, you are paying 60% interest for a 5 day loan (assuming a $25 fee and average refund of $3000.). At worst, you are putting a third party bank in between you and the IRS, meaning that if there are delays or mistakes, it's twice as hard to get anyone to be accountable.  And if the 5 day fails for some reason (mainly, because the IRS does not provide the correct advance information, or your bank declines the deposit), a refund can be delayed an additional 1-3 days rather than getting it on time via the normal process.