In this article you will be getting to know about advance taxes and that should you be applying for them or not? If we talk about getting the advances on your tax, there are four tax preparation services that are H and R block, Liberty tax, Jackson Hewitt and Tax slayer. These four tax preparation services are known for providing an advance your tax refund.
If you take a look at these advance taxes, they are actually very tempting. However, before taking full advantage of them you need to very clearly find out how do they exactly work and what should you be watching. Read the entire article to find out more about them.
The amount of advance that you will get on your taxes depends upon the tax preparation service that you opt. If we talk about the H and R block, they give 3000 dollars advance on the tax. Jackson Hewitt offers 3200 dollars while liberty tax offers 3250 dollars.
The main point that you should consider in all the cases is that you need to get your taxes done from your company which offers the refund advance. If you want to apply for advance tax returns from big companies, you have to visit the tax preparers office.
Who offers the advance taxes and should you get one or not?
If you know that the IRS will not refund you then it is useless to expect from them and to apply as well. There are some financial situations which disqualify you to get an advance and which includes unpaid student loan or other kinds of debts with the government.
This means that there is a great risk for you that you will pay for the tax prep. The tax preparation services require you to complete and file the return much earlier than when you apply for your advance.
Why would tax preparers offer advance?
Tax preparers would easily offer you advance and that is because they find an opportunity to generate a business from you. The loans give the company the advantage to get profits from the consumers.
Should you apply for the advance?
If you think that you can easily qualify to get the advance on your tax, then you should definitely go and apply for it. However, you should be prepared that the company will refer you to other services or some other companies that sell the service. You should also be prepared for this fact that when you will get your tax advance, if it has the credit to a prepaid card, there will be some amount or fees that will be associated when you will use that card.
In order to apply for advance taxes there are different options for different tax preparation service companies. All the tax preparation service companies have different deadlines to apply, the amount of advance also differs, there are ways in which it works and they also have different details of their prepaid card.
Some final thoughts
So, by the end of this article you must have gotten the complete idea about how to get easy advance on your taxes. You must have also gotten to know all about the different kinds of tax preparation service companies that let you get your advance on your taxes.
If you wish to get your advance on your taxes early and speed up the entire process, you should file your taxes earlier than the deadline date. You can visit the tax service company or view the entire process online as well.
Before you file, you should also gather up the entire information together and make sure that you have all the important stuff with you that you need. This will prevent your delay in getting the tax refund.
You will need to file electronically as it is a much quicker process than doing a paper filing and it will also enable a faster advance on your taxes. Apart from that, if you will use the option of direct deposit this is the quickest possible way of getting an easy advance on your taxes. With this option of direct deposit, you will get the advance on your tax within just a week.