Utah Payday Loan Laws

Tax refund delays spark reimbursement expectation loan comeback

Posted by on Mar 27, 2020 in Utah Payday Loan Laws | Leave a comment

Tax refund delays spark reimbursement expectation loan comeback

Those lured to grab quick-cash choices should watch out for costs

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The irs aided kill refund anticipation effectively loans in 2012. Now fast money choices centered on anticipated federal income tax refunds might be building a comeback, compliment of that very exact same agency.

In 2017, the IRS is holding some 2016 income tax refunds until at least Feb. 15 year. In addition, the agency is applying more safety features to get fraudulently filed returns.

These actions could place added force on filers whom count on very very early taxation reimbursement cash, making cash-strapped taxpayers perfect goals for refund-related lending options that may become costing them.