how long does it take to get your money with h/r block? do you get a check that same day?

Answer 1

If someone gives you a check the same day, they are giving you a LOAN against your actual refund from the IRS. If you e-file and request that your refund is direct deposited to your bank account, it usually only takes a couple of weeks. It is much better to wait and receive your money from the IRS instead of taking one of these loans and paying fees.

Look at it this way: You haven't had this money all year, why not just wait a couple more weeks to get it without fees? Go to IRS.gov and use the W4 calculator to figure out exactly what you should be putting on your W4 so that the government is not getting all of your extra money throughout the year. Set it so you just about break even. You won't get a big refund check but you will get that little extra on each of your regular paychecks.

Answer 2

Some tax prep mills offer "Refund Anticipation Loans". These are a major RIP-OFF, however. The interest rates they charge for a loan that is literally only for a few days duration work out to APRs of 300% or more!

If you have a refund coming and want the loan, it takes 2 - 3 days to process it. That's if the IRS is working at 100% efficiency. They have to check and see if there's a hold on your refund for defaulted student loans, child support, etc. and that can take a few days to complete. (If there's a hold on your refund, you do NOT get the loan.)

If you have your return e-filed and have your refund sent directly to your bank you will normally get it in 1 - 2 weeks from the IRS. I filed early last year and had mine in 4 days!

RALs are limited to about $1,700. If your refund is more than that the balance must be sent to you as a paper check or direct deposit. Last year a friend of mine actually got her direct deposit portion the day BEFORE the RAL was approved! She still had to pay the rip-off RAL fee -- talk about getting it in the shorts twice!

Answer 3

Those who said its take 2-3 days for the IRS to issue a refund are WRONG. The IRS issues refund on Fridays for returns accepted by the Thursday of the prior week. That means your refund is issued 8 to 14 days after your return is accepted by the IRS.

Answer 4

It depends on if you have any leins with the IRS or if the bank sees something that they question. Normally it comes within a day or two. NORMALLY. If the IRS questions it, it will take longer. It all has to do with the bank and the IRS.