Are Tax Refund Loans Ever a Good Idea?

More than 111 million refunds were issued to taxpayers in 2019, with the average refund totaling $2,860. If you got a refund last year, you might be expecting a refund repeat for 2020. In the meantime, if you don’t want to wait for your refund, a tax refund loan can help you get your hands on your cash faster.

What Is a Tax Refund Loan?

In a nutshell, a tax refund loan is a short-term loan that lets you borrow against your tax refund.

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