If you insist on getting a tax refund anticipation loan, please perform your due diligence. Go for the fee free loans of up to $1,300 and by all means stay away from the lines of credit and all other loans that charge fees and hefty interest.
If for some reason you can't get a free anticipation loan, you're much better off simply waiting for your tax refund to come in. If you want to speed up that tax refund here's what you should do:
Do you use an anticipation loan?
File Early – You can file your taxes as early as Jan. 1 st although we estimate that the IRS won't start accepting returns until . You can use a tax prep service or file online through one of these places.
Don't Forget About The Delay For EITC and ACTC - If you are filing with the Earned Income Tax Credit or Additional Child Tax Credit, your return will automatically be held until February 15 to be processed, so you likely won't even get your return until late February or early March.
Have All of Your Information Together – Before you file make sure you have everything that you need. Impatience could cause an error on your part and delay your tax refund. Here's a list of items you'll need to file.
File Electronically – Filing electronically is much quicker than filing a paper return and should result in a faster refund. Remember, if you file by mail, you have to mail in your return (takes about a week), and the IRS has to manually put it into the system (adds about 3-4 weeks). Filing by mail typically adds 12 weeks to your original 21 days if you e-file.