H&R Block Tax Advance Loan 2011, 2012

While some taxpayers receive their tax refunds in weeks, other may have to wait for months. Tax refunds can be helpful in these tough economic times, and it can be frustrating to have to wait a long time to receive them.

If you are expecting a substantial amount of tax refund, you can use your anticipated refund to apply for an H&R Block tax advance loan and get some money sooner. This type of loan is an unsecured short-term loan that is given before the beginning of the tax season, and it is based on your expected tax refund and income.

An Even Faster Option

If you really cannot wait until you file, then you need to find an intermediate method to obtain some money. One option that might work for you is to take out
a cash advance loan and then pay it back with your tax refund.

There are only a few companies that still offer tax advance loans, and two of the most reliable among them is H&R Block and Jackson Hewitt. H&R Block is one of the most successful tax preparation companies in the world, and it offers an extensive range of effective tax solutions for American taxpayers. It is committed to meeting the needs of all kinds of taxpayers, and it is constantly developing new tax products and services to give its customers the best tax preparation experience possible. To make it possible for taxpayers to get some money in advance, H&R Block is offering the Instant Money Advance Loan.

The Instant Money Advance Loan is not the same as a tax refund anticipation loan, mainly because it is an unsecured loan. You do not have to file a federal tax return or show that you will be receiving a certain amount of tax refund to be eligible for this loan. H&R Block’s Instant Money Advance Loan comes with fees that are much lower than other loans of its kind. It costs around half as much as loans that are offered by the company’s competitors and about 40% less than a credit card cash advance. Also, it does not come with the tax preparation deposit fees, tax estimation fees, card loading fees, and surcharges that are commonly charged by other companies.

The H&R Block Instant Money Advance Loan comes in two forms, namely, the Federal Refund Anticipation Check and the State Refund Anticipation Check. The Federal Refund Anticipation Check makes it possible for you to get money before your federal tax refund check arrives by mail. The maximum amount of money that you can get with this loan is $9,999.00, and you do not have to pay anything out of your pocket. Typically, it takes between 8 and 15 days for you to receive your Federal Refund Anticipation Check funds. There are a number of ways that you can receive your funds, including direct deposit, check, and H&R Block Emerald Prepaid Mastercard. Loan fees will be deducted from the amount you receive. If you opt to receive the money by check, you have to pay a fee of $20.00. The application process is very easy.

The State Refund Anticipation Check is the same as the Federal Refund Anticipation Check, except that it is based on your state tax refund. You can use the same disbursement method that you selected for your Federal Refund Anticipation Check. If you choose to receive your State Refund Anticipation Check funds by check as well, you only have to pay the $20.00-fee once.

H&R Block offers several different types tax calculators for 2011 and 2012 to use to figure out what your tax refund will be.