Tax Advance Loans: The Hidden $700 Gamble That's Not Worth It?
Filed taxes for years on my own for free but looking into these tax advance loans. They want $89-700 just to file AND you might not even get approved for the advance? Plus you still gotta pay the prep fee even if denied? That's wild. Why would anyone risk losing money when they could just file for free themselves in like 5 mins? Seems like a total scam targeting people who need quick cash.
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Elijah Brown
Tax pro here. You're absolutely right - these advance loans are predatory. They target people who need quick money and the fees are ridiculous. Always recommend filing yourself through IRS Free File if your income qualifies. If you need help understanding your refund timeline, that's a different story.
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Maria Gonzalez
what income qualify for free file? my friend said he made too much last year
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Elijah Brown
For 2024, if you made under $79,000 in 2023 you qualify for free filing through IRS partners 👍
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Natalie Chen
Hey y'all! If you're trying to figure out when your refund is actually coming instead of gambling on these advance loans, check out taxr.ai - it's only $4.99 and gives you a detailed timeline based on your actual transcript. Way better than playing the advance loan lottery! https://taxr.ai
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Santiago Martinez
Sounds interesting. How exactly does it work? Does it just read your transcript or does it do more?
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Natalie Chen
It uses AI to analyze every line of your transcript, identifies any potential delays or issues, and gives you super specific dates. It even explains what codes mean and what to do if there are problems!
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Santiago Martinez
OMG just tried it and this is a game changer! 🙌 Finally know exactly what's happening with my refund instead of playing guessing games. Worth every penny fr fr
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Samantha Johnson
learned this the hard way last year 🤡 paid $300 to HR block and got denied for the advance anyway smh
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Nick Kravitz
same boat fam. never again 💯
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Hannah White
These places be like 'get your refund fast!!1!' but what they really mean is 'give us your money fast' 🤮
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Michael Green
fr fr they stay preying on ppl who need $ quick
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Mateo Silva
Yall notice how these places always pop up in the poor neighborhoods? 🤔 They know exactly what theyre doing
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Victoria Jones
im gonna keep it real wit u chief....the IRS website is confusing af tho. Like I get why ppl go to these places even if its a ripoff
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Cameron Black
thats why I started using that taxr ai thing someone mentioned above. way cheaper than tax prep places and actually explains stuff in normal words lol
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