H & R Block instant loan

[cege]

Has anybody ever done the instant loan you can do at H&R Block? Apparently you can do it now for money for the holidays or whatever. I was thinking about trying it. If you have used it what did you think?

 

[aps45819]

They're advancing you your tax refund and charging you interest. If you're getting a big refund adjust you witholding to decrease it. In essence, you're giving the government an interest free loan.
H&R will charge you interest to loan you the money you loaned the government for free.

 

[BadGirl]

:loanshark:

For the money that they charge to let you "borrow" your own tax refund, it doesn't seem worth it.

 

[cege]

We normally get a pretty decent amount back and funds are tight right now which is why I was thinking about trying it.

 

[DoWhat]

Has anybody ever done the instant loan you can do at H&R Block? Apparently you can do it now for money for the holidays or whatever. I was thinking about trying it. If you have used it what did you think?

Don't do it.

 

[cege]

Don't do it.

Why? have you tried it?

 

[RoseRed]

How about a holiday loan from your credit union?

 

[cege]

How about a holiday loan from your credit union?

Sad to say but we don't have the best credit and I doubt we would get approved.

 

[DoWhat]

Why? have you tried it?

No, I ain't that stupid. Dumb, but not stupid.

 

[RoseRed]

Sad to say but we don't have the best credit and I doubt we would get approved.

Never hurts to try and also help rebuild your credit.

 

[aps45819]

We normally get a pretty decent amount back and funds are tight right now which is why I was thinking about trying it.

Fill out a new W-4 with your employer and add a dependent or 2 to decrease the amount witheld. (that's the intrest free loan you're currently giving the government)

 

[jayden0405]

Has anybody ever done the instant loan you can do at H&R Block? Apparently you can do it now for money for the holidays or whatever. I was thinking about trying it. If you have used it what did you think?

I have never heard of doing a instant loan before tax season. I have heard of once they file your taxes they give you a check, but not prior to.

Where did you hear that at?

 

[DoWhat]

I have never heard of doing a instant loan before tax season. I have heard of once they file your taxes they give you a check, but not prior to.

Where did you hear that at?

Have you ever heard of google?
http://www.hrblock.com/taxes/doing_my_taxes/products/instant_money_advance_loan.html

 

[cege]

I have never heard of doing a instant loan before tax season. I have heard of once they file your taxes they give you a check, but not prior to.

Where did you hear that at?

A girl at work mentioned it last year so early I checked the H &R Block website and saw it on there but it doesn't give much info. Plus I was curious if anybody had tried it just to see what amount they got and all. You can only get so much I think its like $1500.00 but I'm assuming that it doesn't mean you will get that much.

 

[Chasey_Lane]

Has anybody ever done the instant loan you can do at H&R Block? Apparently you can do it now for money for the holidays or whatever. I was thinking about trying it. If you have used it what did you think?

This is a few months outdated, but is good reading. http://www.consumeraffairs.com/news04/2006/02/ca_hr_block.html

 

[Elle]

A girl at work mentioned it last year so early I checked the H &R Block website and saw it on there but it doesn't give much info. Plus I was curious if anybody had tried it just to see what amount they got and all. You can only get so much I think its like $1500.00 but I'm assuming that it doesn't mean you will get that much.

If you are getting a refund in excess of $1,500 I'd consider, like mentioned before, changing your withholdings and getting less taken out of you check every week.

 

[Chasey_Lane]

If you are getting a refund in excess of $1,500 I'd consider, like mentioned before, changing your withholdings and getting less taken out of you check every week.

Some people like getting a big refund. And some people don't understand they're giving the government an interest-free loan for 12 months.

 

[dems4me]

Some people like getting a big refund. And some people don't understand they're giving the government an interest-free loan for 12 months.

I like getting a big refund but never knew you can change your number of dependants legally. If I have ZERO dependents, would it be illegal for me to claim 2 or 3?

 

[DoWhat]

would it be illegal for me to claim 2 or 3?

No.
But be prepared to pay if you don't have any deductions.

 

[Wenchy]

No.
But be prepared to pay if you don't have any deductions.

She can go to the HR department and fill out a form to have extra money withheld for state and/or federal taxes each pay period. No need to claim dependents.

Dems could do this, and get a HUGE refund at the end of the year.

Better than an H&R Block loan.