What You Need To Know About Refund Anticipation Loans This Tax Season

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The beginning of tax season can be a busy and anxious time for taxpayers - especially those who are waiting for their tax refunds. While they wait, some taxpayers turn to refund anticipation loans (RALs). Here’s what you need to know.

Source: Loan News Today (loannewstoday.net)

 

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What You Need To Know About Refund Anticipation Loans This Tax SeasonThe beginning of tax season can be a busy and anxious time for taxpayers - especially those who are waiting for their tax refunds. While they wait, some taxpayers turn to refund anticipation loans (RALs). Here’s what you need to know. Great article. Despite the reforms taken over the past several years, the entire concept of RALs (tied to the earlier concept of 'same day refunds') is, in my view, an embarrassment to the tax profession and a financial plague on low income taxpayers.
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Filing Statistics Show Sluggish Start, Smaller Refunds As Tax Season BeginsBecause they’re seeing their friends getting hit with huge debts to the federal gov. That tax bill was a god damned scam. $12 increase each paycheck and $1100 more owed now. Baby back bullshit. Berkah tahunan....
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