220 Tax Refund

You may be tempted by tax-time advertisements for Fast Cash Refunds, Express Money, or Instant Refunds. These ads will offer to deliver your refund in just a day or two, or even on the spot. Many of these fast refunds are really LOANS, refund anticipation loans, that are based on your own tax refund money. When you get an RAL, youre borrowing against your tax refund money and its not cheap. RAL fees, combined with tax preparation, electronic filing, and other fees, can end up eating away a big chunk of your refund.

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