Need money for the holidays?

The Early Refund Advance will be available to returning clients starting December 13, 2021 and to new clients starting December 15, 2021 at select locations until January 16, 2022.

No Fee Refund Advance will be available as early as January 2, 2022 at select locations until February 20, 2022. 

The Early Refund Advance is a convenient way for you to access money you can use for the holiday season.  An Early Refund Advance is a 35.9% APR loan from MetaBank®, N.A. that you could get with just a pay stub or other proof of income at participating Jackson Hewitt locations.  So, unlike other Refund Advance loans, this is a way to access money before your W-2 is available in January (or later).

No Fee Refund Advance is a no fee, 0% APR loan provided by MetaBank®, N.A. available at participating Jackson Hewitt locations.  Clients can apply for a No Fee Refund Advance loan when they file taxes at Jackson Hewitt from January 2, 2022 through February 20,2022.

If you apply for and receive an Early Refund Advance loan, you are also required to apply for No Fee Refund Advance loan. To complete your No Fee Refund Advance application, you must file your taxes with your W2(s) and other tax documents by Feb 20, 2022.

It depends on which Refund Advance loan you choose.

The Early Refund Advance Loan has a 35.9% annual percentage rate (“APR”) and is available starting on December 13, 2021 until January 16, 2022. The maximum finance charge is reached when the repayment term is 71 days. Below are representative Early Refund Advance Loan amounts with the estimated finance charge based on a 35.9% APR and a repayment term of 71 days.

The amount of the loan and any interest is deducted from tax refunds reducing the amount paid to you.

No Fee Refund Advance Loans are offered at no cost to you. Loan amounts are between $500 – $3,500. The loan amount is deducted from tax refunds reducing the amount paid to you. No Fee Refund Advance Loans are available after you have filed your tax return starting on January 2, 2022 through February 20, 2022.

The amount you owe is deducted directly from your tax refunds, if sufficient, to the extent allowed by applicable state law. If your tax refunds are insufficient to pay your loan in full, tax refunds from returns filed in the following tax year with Jackson Hewitt may be applied to repay the outstanding loan balance, if applicable.

Clients who obtained a Refund Advance loan last year may receive a direct communication notifying them if they have been prequalified for a Refund Advance loan this year. This prequalification notice is an estimate based on prior year refund information and your final loan outcome could be different based upon completion of your tax return with Jackson Hewitt.

New clients will not be pre-qualified.

Loan amounts are subject to change from season to season. In tax season 2021:

• Early Refund Advance loan sizes are $200, $500, and $1,000 for qualifying clients.
• No Fee Refund Advance loan sizes are $500, $750, $1,000, $1,500, and $3,500 for qualifying clients.

For tax year 2021, the Early Refund Advance and No Fee Refund Advance loan options will be available at select participating Jackson Hewitt stores.

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

If you were approved for a Refund Advance loan and chose Direct Deposit, you will receive the loan amount within one to five business days; or, if you chose to have it disbursed via a Serve^® Card, you will receive the loan amount from within minutes to 24 hours.

Early Refund Advance Loans are offered prior to filing your tax return and you are not required to provide all information necessary to file your tax return to apply. When the loan program is active, you must provide your most recent pay stub or equivalent form of evidence of income so Jackson Hewitt can most accurately estimate your tax refund.

If you apply for and receive an Early Refund Advance loan, you are also required to apply for a No Fee Refund Advance loan. To complete your Refund Advance loan application, you must file your taxes with your W2(s) and other tax documents before February 20, 2022 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 they do not have a credit history or if they have been denied credit from other institutions in the past. Loan approval is subject to MetaBank®, N.A.’s underwriting criteria that is based in part on the size of their 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

If the client qualifies for an Early Refund Advance, they could get up to $1,000 as early as December 15, 2021 for new clients and as early as December 13, 2021 for returning clients. No Fee Refund Advance is available to qualified applicants starting January 2, 2021.

For tax year 2021, all you need is your pay stub or other proof of income to start preparing your taxes at Jackson Hewitt. In December, you can bring your latest pay stub to your appointment and see if you qualify to apply for an Early Refund Advance of up to $1,000. In January, you could provide your W-2 and other tax documents to complete filing your taxes and apply for a Refund Advance loan until February 20, 2022.

When the Refund Advance loan program is active, you can apply for an Early Refund Advance loan by bringing in your latest pay stub or other proof of income for all income sources and any unemployment documents so we can most accurately estimate your expected tax refund and determine if you are eligible to apply for a loan.