If I fo to H&R Block, I can get a check in 2 to 3 days. Will e-filing be close to this time frame?
2007-01-31 03:59:15 · 6 answers · asked by Nikitty 2 in Business & Finance ➔ Taxes ➔ United States
I also do not have a bank account.
2007-01-31 04:54:32 · update #1
If you go to one of the storefront tax prep mills like Block or Hewitt, they can do a "Refund Anticipation" loan and get at least some of your refund to you fairly quickly, usually within 2 or 3 days. However the fees that they charge for this "service" are very high. Using the numbers posted by a Block employee yesterday, I calculated one of them to be over $2,500% APR! (Even a rip-off credit card will be less than 30% APR.)
If you have your return e-filed and sent directly to your bank account you should normally see your refund in 8-14 days according to the IRS. I got mine in 4 days last year!
If you're in a situation where you need the money immediately to eat or avoid eviction or repossession of a car then the loan may be your salvation. However if you can afford to wait then it's normally a good idea to do so. The loan only speeds up your refund by a couple of days in most cases and seldom any faster than 1 week.
2007-01-31 04:24:45 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Any delay is because of the IRS and their processing time. I heard it doesn't take very long.
Please never use H&R Block and NEVER NEVER use their service to get your refund right away. You are paying a high interest rate to get your money. They are LOANING you your refund.
As for H&R Block, from my experience in their tax course, I wouldn't trust my return to a person that doesn't know tax law, took a course that has important areas that are "beyond the scope of this course," and possibly flunked the final.
I had to take the class. I knew more that the teacher. We kept correcting the teacher. When they discovered that they were not going to get enough people passing the class, they lowered their standard so that they could hire more people. About half the class FLUNKED the final. Some of these people are now working for H&R Block.
2007-01-31 04:28:24 · answer #2 · answered by Dizney 5 · 0⤊ 0⤋
The quick refund that you get from H&R Block is actually a refund anticipation loan. You will PAY fot that LOAN. However, if you use Turbo Tax and file electronically, you can get the total refund that is due to you in about 10 days.
Stay away from those loans. You've waited all year to get the money, what's another 10 days?
2007-01-31 04:10:32 · answer #3 · answered by studnet 15 4 · 1⤊ 0⤋
If you use turbotax and efile and select direct deposit then it usually takes 2 weeks for the money to be deposited into your bank account.
2007-01-31 04:10:49 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Yes, you get your check form H&R Block, but it's an anticipated return check and you have to pay them a fee to do so.
2007-01-31 04:08:38 · answer #5 · answered by parsonsel 6 · 0⤊ 1⤋
aboput 3 wks with turbo tax
2007-01-31 04:08:32 · answer #6 · answered by Anonymous · 0⤊ 0⤋