Transforming the Taxpayer Experience With Transparency, No Interest and No Loan Fees
H&R Block offers tax office clients the easiest way to get the most money interest free through applying for a Refund Advance Loan* of up to $3,500 starting Jan. 4. Federal tax refunds can take 21 days to receive, and the IRS expects it will be the first week of March before most people who claim the earned income tax credit or additional child tax credit receive their refunds. However, the Refund Advance, a no-fee, no-interest loan from Axos Bank offered Jan. 4 to Feb. 29 at participating H&R Block offices, allows clients to access money typically within minutes of filing their tax return.
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“A Refund Advance at H&R Block gives approved clients access to loan proceeds on the same day of filing —up to $3,500—so you don’t have to wait on the IRS,” said Vinoo Vijay, chief marketing officer at H&R Block. “And when you choose us you can be confident it will be interest free and have no loan fees.”
Twenty-five million taxpayers could have refunds delayed until the first week of March because of anti-fraud laws requiring the IRS to hold refunds that claim the earned income tax credit and the additional child tax credit.
The advance is repaid from the federal or state income tax refunds.
H&R Block, Inc. provides help and inspires confidence in its clients and communities everywhere through global tax preparation, financial services and small business solutions. The company is disrupting the tax industry by providing consumers price transparency and with digital platforms such as Tax Pro Go.