What is the difference between refund anticipation loans and refund anticipation checks?

If you have your taxes prepared by a professional, you will most likely have the option of getting a refund anticipation loan or a refund anticipation check. Even though these products sound similar, they are quite different. The main difference between these two things is that a refund anticipation check is not actually a loan. This is a device used by income tax preparation companies to allow the customer to pay for tax preparation fees out of the money from his or her refund. With a refund anticipation loan, you are actually taking out a short-term loan instead.


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