AARP: Rapid Tax Refunds Warning
Rapid refunds are also known as refund anticipation loans (RAL). They are offered by some commercial tax preparation firms and banks to people who want to receive a fast rapid refund. Rapid or "instant" refunds are really loans. In order to receive their money early, consumers are charged a loan fee ranging from $29 to $120. The Annual Percentage Rate (APR) on these loans can range from 40% to over 700%. Electronic filing fees and fees for tax preparers can also be added which can end up costing you 10% or more of your total tax refund. In addition, since the refunds are loans, they must be repaid if the Internal Revenue Service (IRS) delays or denies you a refund or gives a refund that is smaller than you expected.
Embed code for Blogs
Simply copy and paste the following HTML code below into your blog, website, or MySpace profile.
Copy to Clipboard
Share this video:
Simply click the button below and select your social bookmarking site.
Tag Cloud
Category: Human Services
Rapid refunds are also known as refund anticipation loans (RAL). They are offered by some commercial tax preparation firms and banks to people who want to receive a fast rapid refund. Rapid or "instant" refunds are really...
Views: 9284
UNICEF: Turkey Avian Flu
Health Clinic
Robert Patrick - Live Earth PSA
Mexico bounces back after Hurricane Wilma
Mental Health Anti-Stigma - Door
Volvo: CO2 Free Automotive Plant
George Clooney: Reporting from Darfur Part 2
Volvo Adventure Award 2007
Greenest City Challenge - Penelope Cruz
AT&T: Williams F1 Sponsor
Don't Pass Gas: PSA 2
Dia de los Muertos
Tree Canada Foundation: Breathing Tree
Small Step
Red Cross: "Ready for a New Century" 1956-1981
Red Cross - To You the People of America, 1881 to 1906
UNICEF: A former soldier's story of finding peace
Anna Friel - Live Earth PSA