When people file their income tax forms for the year, they may be entitled to a tax refund. Tax refunds return the excess amount of income tax that a taxpayer has paid to the federal government or the state during the past year, usually through withholding from a paycheck. Today, the majority of taxpayers receive income tax refunds.
A tax refund loan is a way for a taxpayer to receive their money even quicker. With a tax refund loan, an individual can get fast access to a sum of money based on their expected tax refund.
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