See if you qualify for a Refund Advance tax loan

• The Early Refund Advance will be available to returning clients starting December 14, 2020 and to new clients starting December 16, 2020 at select locations until January 17, 2021.
• No Fee Refund Advance will be available as early as January 2, 2021 at select locations until February 21, 2021.
• Go Big Refund Advance will be available as early as January 2, 2021 at select locations until January 31, 2021.

The Early Refund Advance is a convenient way for you to access money for the holiday season.  An Early Refund Advance is a 0% APR loan from MetaBank®, N.A. that you could get with your most recent pay stub and other proof of income for all income sources.  So, unlike other Refund Advances, this is a way to access money before your W-2 is available in January (or later).

Early Refund Advance loans range from $200 to $700. If you apply for an Early Refund Advance loan, you are also required to apply for No Fee Refund Advance loan and Go Big Refund Advance loan (if available). The Early Refund Advance loans will be available to qualified borrowers starting December 14, 2020 until January 17, 2021. In January, clients can complete their application for a Refund Advance loan by filing their taxes with their W2(s) or other income verification.

No Fee Refund Advance is a no fee, 0% APR loan provided by MetaBank®, N.A. at participating Jackson Hewitt locations. You could get between $500 and $4,000 after filing your taxes with Jackson Hewitt. The No Fee Refund Advance will be available starting January 2, 2021 until February 21, 2021. If you have applied for and received an Early Refund Advance loan, the amount of your No Fee Refund Advance loan will be reduced by the Early Refund Advance loan amount ($200 - $700).

The Go Big Refund Advance is a loan, between $1,000 and $6,000, provided by MetaBank®, N.A. and will be available at participating Jackson Hewitt locations. The maximum loan amount for new clients is $2,500. The Go Big Refund Advance has a fee of 2.5% of the loan amount. For example, with a $1,500 loan, the total amount payable from your tax refunds is $1,537.50 including the fee. Depending on the loan duration, the effective APR of the loan may vary.  Based on a loan duration of 30 days, the 2.5% fee would translate to a 30.42% APR.

The Go Big Refund Advance Loan amount will be inclusive of any Early Refund Advance loan amount ($200 - $700) you receive.  The Early Refund Advance loan amount is not subject to the 2.5% fee. 

Go Big Refund Advance Loans will be available to qualified borrowers starting on January 2, 2021 until January 31, 2021.

If you apply for and receive an Early Refund Advance loan, you are also required to apply for a No Fee Refund Advance and Go Big Refund Advance (if available) loans. To complete your Refund Advance application, file your taxes with your W2(s) or other income verification in January or later at Jackson Hewitt. Once you finish filing and if you are approved, you can make your loan choice between No Fee Refund Advance and Go Big Refund Advance (if available).

It depends on which Refund Advance loan you choose. The No Fee Refund Advance and the Early Refund Advance loans have no finance fee or any other fees associated with the loan. The Go Big Refund Advance loan has a finance fee of 2.5% of the loan amount. For example, for a $1,500 Go Big Refund Advance loan, the total amount payable by your tax refunds is $1,537.50 including the fee.  Depending on the loan duration, the effective APR of the loan would vary.  Based on a loan duration of 30 days, the 2.5% fee would translate to a 30.42% APR.

The amount you owe will be deducted directly from your 2020 tax refunds, if sufficient. If your 2020 tax refunds are insufficient to pay your 2020 loan in full, future 2021 returns filed with Jackson Hewitt may be applied to repay the outstanding loan balance, if applicable.

You can see if you prequalify for a Refund Advance loan online today. Returning clients may receive direct communication about their prequalification amounts. This is an estimate based on limited information and could change when more information is available after you complete your tax return with Jackson Hewitt.

• No Fee Refund Advance loan sizes could be $500, $750, $1,000, $1,250, $2,500 and $4,000 for qualifying clients.
• Go Big Refund Advance loan sizes could be $1,000, $1,500, $2,000, $2,500, $4,000, $5,000, and $6,000 for qualifying clients. Maximum Go Big Refund Advance loan amount for new clients is $2,500.
• With Early Refund Advance, qualifying clients could access $200, $300 or $700 of the No Fee or Go Big Refund Advance loan amounts as early as December 14, 2019 until January 17, 2020.

The Early Refund Advance, Go Big Refund Advance, and No Fee Refund Advance loan options will be available at select participating Jackson Hewitt stores. The Go Big Refund Advance will not be available to customers in Connecticut.

Loans may be disbursed via an American Express Serve Card or direct deposit to a bank account of your choice.

If you are approved for a Refund Advance loan and choose to have it disbursed via an American Express Serve Card, you will receive the loan amount from within minutes to 24 hours of making your loan choice (if applicable); or, if you choose Direct Deposit, you will receive the loan amount within one to five business days after making your loan choice (if applicable).

Early Refund Advance Loans are offered prior to your filing your tax return and you are not required to wait until you receive all your tax forms (such as W2 and 1099s) in order to apply. However, you must provide your most recent pay stub and other proof of income for all income sources plus any unemployment documents so Jackson Hewitt can most accurately estimate your tax refund.

If you apply for and receive an Early Refund Advance, you are also required to apply for a No Fee Refund Advance and Go Big Refund Advance (if available). To complete your Refund Advance application, file your taxes with your W2(s) or other income verification starting in January at Jackson Hewitt.

No. There is no impact on your credit score if you apply for a Refund Advance.

Clients can be approved for a Refund Advance loan even if you do not have a credit history. Loan approval is subject to MetaBank®, N.A.’s underwriting criteria that is based in part on the size of your tax refund.

When you apply for a Refund Advance loan, underwriting is performed by MetaBank®, N.A. They consider criteria such as: 

• Identity verification
• Payment history with the IRS
• Status of education loans, child support, tax liens, etc.

At Jackson Hewitt, all you need is your pay stub and other proof of income for all income sources to start preparing your taxes. Bring your most recent pay stub to your appointment and see if you qualify for an Early Refund Advance of up to $700. In January, provide your W2(s) or other tax documents to complete filing your taxes and apply for additional Refund Advance loan amounts.

You can apply for an Early Refund Advance loan by bringing in your most recent pay stub and other proof of income for all income sources plus any unemployment documents so we can most accurately estimate your expected tax refund and determine if you are eligible to apply for a loan. Unemployment income documents might include online or paper statements from an unemployment website and/or banking statement with unemployment payments.

Yes. The prequalification helps you get an estimate of the loan amount based on information that you provide online. However, we do obtain more information during the office visit, which could result in a larger or smaller loan than the prequalification amount.