Tax Refund Advance loans will be back next year

A Tax Refund Advance loan is a loan that is repaid with your tax refund. Sometimes the IRS can take weeks to send you your refund, so a Refund Advance loan gives you the opportunity to get your money before your tax refund arrives. Life happens, and sometimes you need access to money that is owed to you now, instead of later.

The Early Refund Advance was available at select locations December 13, 2022 (December 12,2022 for returning clients), through January 15, 2023.

No Fee Refund Advance is available January 2, 2023, at select locations through February 19, 2023. 

The Early Refund Advance is only available to individuals who also apply for a No Fee Refund Advance loan. The No Fee Refund Advance loan application requires filing your taxes with Jackson Hewitt beginning January 2^nd.

You can find participating locations on our office locator using the Refund Advance search filter. Book your appointment online or call a local office directly.

 An Early Refund Advance is a loan secured by your tax refund, and offered by Republic Bank & Trust Company. A finance charge applies. For details about this charge, see the FAQ below for “How much does an Early Refund Advance loan cost?”. From December 12, 2022 through January 15, 2023 you could have applied for an Early Refund Advance loan with just a paystub at participating Jackson Hewitt locations. So, unlike other Refund Advance loans, this is a way to access money before your W-2 is available in January (or later). To apply for the Early Refund Advance, you must also begin your application for a No Fee Refund Advance loan.

The No Fee Refund Advance is a no fee, 0% APR loan secured by your tax refund and offered by Republic Bank & Trust Company, available at participating Jackson Hewitt locations. The No Fee Refund Advance loan is available when you file taxes at Jackson Hewitt from January 2, 2023 through February 19, 2023.

If you applied for and received an Early Refund Advance loan, you were also required to start the application for a No Fee Refund Advance loan. To complete your No Fee Refund Advance application, you must file your taxes with your W-2(s) and other tax documents at Jackson Hewitt between January 2, 2023 and February 19, 2023.

It depends on the amount of the Refund Advance loan you get.

The Early Refund Advance Loan has a finance charge of 6% of the loan amount, and was available starting on December 12, 2022, through January 15, 2023. The annual percentage rate (APR) is 34.22%. The loan amount is based on your expected federal tax refund less authorized fees and underwriting. Outlined below are representative examples of available credit terms for the Early Refund Advance loan.

If approved, the amount of the Early Refund Advance loan and finance charge is due and repaid from your 2022 tax refund, reducing the actual amount of the refund(s) paid to you.

No Fee Refund Advance loans are offered at no cost to you. Loan amounts are between $500 and $3,500, based on your expected federal refund less authorized fees and underwriting. If approved, the No Fee Refund Advance loan amount is due and repaid from your 2022 tax refund(s), reducing the actual amount of the refund(s) paid to you. No Fee Refund Advance loans are available when you file your tax return at Jackson Hewitt, starting on January 2, 2023 through February 19, 2023.

The amount of the loan you owe is deducted by Jackson Hewitt directly from your 2022 tax refund from the IRS and/or state taxing authority, if sufficient, to the extent allowed by applicable state law. If your tax refund(s) are insufficient to pay your loan in full, tax refunds from returns filed in the following tax year with Jackson Hewitt may be applied to repay the outstanding loan balance, if applicable.

Jackson Hewitt is not offering prequalification this year.

Loan amounts are subject to change from tax season to tax season. In tax season 2022:

• Early Refund Advance loan sizes were $300, $500, and $1,000 for qualifying clients.
• No Fee Refund Advance loan sizes are $500, $750, $1,000, $1,500, $2,500 and $3,500 for qualifying clients.

Your loan amount is determined by your expected federal refund, less authorized fees and underwriting.

For tax year 2022, the Early Refund Advance and No Fee Refund Advance loan options will be available at select participating Jackson Hewitt stores.

Loans may be disbursed via direct deposit to a bank account of your choice, or a Serve^® American Express^® Prepaid Card.

If you were approved for a Refund Advance loan and chose direct deposit, you will receive the loan amount within one to five business days after approval; or, if you chose to have it disbursed via a Serve^® Card, you will receive the loan amount within 24 hours after approval.

If you only have self-employment income, you can apply for a No Fee Refund Advance loan starting January 2, 2023.

If you only have unemployment insurance income, you can apply for a No Fee Refund Advance loan starting January 2, 2023.

Early Refund Advance loans are no longer available this year. To complete your Refund Advance loan application, you must file your taxes with your W-2(s) and other tax documents before February 19, 2023 at Jackson Hewitt.

To complete your Refund Advance loan application, you must file your taxes with your W-2(s) and other tax documents before February 19, 2023 at Jackson Hewitt. 

Remember, you must also bring a government-issued photo ID, as well as any other relevant tax information for yourself and any dependents.

No. Republic Bank does what is called a “soft credit pull,” which does not impact your credit score.

Loan approval is subject to Republic Bank & Trust Company’s underwriting criteria, which includes credit history and tax return factors.

The Early Refund Advance loans of between $300 and $1,000 were available as early as December 12, 2022. The No Fee Refund Advance is available to qualified applicants starting January 2, 2023.

In December, you could have brought your latest paystub to your appointment to see if you qualified for an Early Refund Advance of up to $1,000 and a No Fee Refund Advance. In January, you can provide your W-2 and other tax documents to complete filing your taxes, and apply for a Refund Advance loan through February 19, 2023.

Early Refund Advance loans are no longer available this year. When the Early Refund Advance loan program was active, you could apply by bringing in your latest paystub(s) for all income sources and any unemployment documents, so we can most accurately estimate your expected tax refund, and determine if you are eligible to apply for a loan.

No, Refund Advance loans are only available when you file in person at a Jackson Hewitt location.

Loan approvals are typically received within five minutes of application via text and/or email. Sometimes it can take up to an hour. If you haven’t received your email within the hour, please check your spam folder.

Loan approvals are typically received within five minutes of applying via text and/or email. Sometimes it can take up to an hour. If you haven’t received your email within the hour, please check your spam folder.