Are you looking to get your tax refund faster but want to avoid settling for a costly payday loan? Liberty Tax Service might have the answer you're looking for.
Their Refund, Advance Loan program offers an alternative way to receive a portion of your expected tax refund without waiting weeks or months—all with cheaper prices than lenders and other services.
In this blog post, we'll look at the pros and cons of using their Refund Advance Loan program so you can decide if it's right for you.
Overview of Liberty Tax Service tax refund advance services
Liberty Tax Service is a well-known tax preparation company that offers its customers fast and reliable tax refund advance services. They aim to provide a hassle-free experience with an advanced, secure, easy-to-use platform.
Liberty Tax Service’s tax refund advance services allow customers instant access to their refunds early in the filing season–sooner than most other tax preparation companies offer.
The Liberty Tax Service tax refund advance service is simple. Customers can quickly apply for the loan from their online portal or at one of Liberty Tax Service’s many locations nationwide.
Qualified applicants will receive an email confirmation with their unique loan number and instructions on completing the application. Once approved, customers can receive their money in as little as 24 hours–depending on their chosen bank.
Additionally, Liberty Tax Service offers customers a convenient e-file service that allows them to securely file their returns online and get their refunds faster.
Advantages and disadvantages of getting a tax refund advance from Liberty Tax Service
Liberty Tax Service offers tax refund advances to help people get their refunds sooner. With this service, clients can advance up to $3,200 of their expected federal income tax refund as soon as the same day they file their taxes with Liberty.
While this can greatly benefit those needing their tax refunds quickly, both advantages exist. And disadvantages associated with getting a tax refund advance.
Advantages:
- You can get your money faster than waiting for the IRS to process and send you your refund check.
- You don't need additional paperwork or forms to receive an advance from Liberty Tax Service.
- The service is safe, secure, and reliable.
- You will receive an email notification when your advance has been processed.
Disadvantages:
- There is a fee associated with getting the advance, which can range from $7-$50 depending on the amount of your advance.
- The amount you can get for the tax refund advance may be less than what you would have received after the IRS processes your refund.
- The tax refund advance is only available for federal tax returns, not state or local taxes.
How long it takes to receive your refund advance after submitting your application
Once you have submitted your Liberty Tax Service tax refund advance application, you can expect to receive your funds within 1-2 business days. This is significantly faster than the typical 6-8 weeks to receive your full tax refund from the IRS.
This makes a tax refund advance from Liberty Tax Services a great option if you need quick access to funds.
When you apply for a Liberty Tax Service tax refund advance, the company will review your application and the documents you provide to verify your identity and ensure the information is accurate.
Once your application is approved, they will deposit your funds directly into your bank account within 1-2 business days.
Tips for ensuring you get the most out of your tax refund advance from Liberty Tax Service
1. Be prepared
Before applying for a tax refund advance from Liberty Tax Service, gather all necessary documents, such as a valid photo ID and proof of income. This will help make the process go more smoothly.
2. Do your research
It’s important to do your due diligence when considering any financial decision. Take time to compare the various tax refund advance options offered by Liberty Tax Service and ensure you understand the terms and conditions associated with each one.
3. Read reviews
Reading customer reviews is a great way to understand what people say about Liberty Tax Service’s tax refund advance services. This can help you decide if this particular option is right for you.
4. Ask questions
Liberty Tax Service representatives are always happy to answer any questions about their tax refund advance services. So don’t hesitate to ask if something isn’t unclear or if you need more information.
5. Take advantage of online resources
Liberty Tax Service offers a variety of online resources to help customers better understand the tax refund advance process. Take advantage of these to ensure you get the most out of your tax refund advance experience.
FAQs
What's the best tax refund company?
The Liberty Tax Service tax refund advance review is generally considered one of the best tax refund companies. It offers competitive rates, fast processing times, and various services to meet your needs.
They also have experienced professionals to help you with questions or concerns. Additionally, they have convenient locations across the US to find an office near you.
How do I track my refund?
Once you have filed your taxes, you can track the progress of your refund using Liberty Tax Service's website. Simply enter your name and Social Security number to see a detailed breakdown of where your refund is in the process.
You will also be able to view information about any deductions or credits applied to your account and the estimated delivery date for your refund.
How much is the liberty tax in Canada?
In Canada, Liberty Tax operates in several provinces and territories. The cost of filing varies by province and territory and is based on the complexity of the return. Additionally, most provinces offer a low-income tax discount or rebate to help offset some of the tax filing costs.
Conclusion
I hope this Liberty Tax Service tax refund advance review has helped help you decide if a tax refund advance is right for you. As always, it’s important to research and speak with a certified financial advisor or tax professional before making any major decisions about your taxes.
Liberty Tax Service offers an easy-to-use platform and competitive interest rates, making it a great choice for anyone looking to get their tax refund sooner.
With the right preparation, you can receive your taxes quickly and securely with a Liberty Tax Service tax refund advance.
