RapidTax is working with our banking partner to provide you with a $800 / $1,200 advance on your tax refund. Our banking partner will provide you with a loan of $800 / $1,250, which will be repaid once the IRS releases your refund.
How Does It Work?
- First, you prepare your tax return through our website and submit it to our tax preparation team, selecting the Tax Pro Certification option.
- Then, you upload copies of your government-issued photo ID and income reporting documents, so that our tax professionals can review the information.
- Once we've confirmed that your tax return is prepared accurately, we E-File it with the IRS, and transmit your loan application to the bank.
- If you're approved for a refund advance, you'll receive $800 / $1,250 within 1-2 business days after your tax return is accepted by the IRS.
What Do I Get?
- The $800 / $1,250 refund advance loan is provided to you as soon as possible, and does not charge interest.
- The loan is covered by your refund, and is paid back once the IRS releases your refund to our banking partner.
- You may pay all tax preparation fees out of your refund, with the Fee From Refund payment method.
- You may also choose to pay the fees up front by credit card, and receive the full amount of your refund.
- You can receive your refund advance by direct deposit, or check by mail.
To apply for the refund advance loan, simply submit your tax return on RapidTax.com, and you'll be given the application when you check out. If you're ready to get started, prepare your return now to see if you qualify for the refund advance loan.
What Are the Restrictions?
- The Easy Advance is available to anyone who is expecting an IRS refund of at least $1,000 after tax preparation fees and bank fees.
- An Easy Advance (EA) is a $800 / $1,250 loan secured by your tax refund and is offered by Republic Bank & Trust Company, member FDIC to qualifying applicants.
- There are no fees or interest associated with the EA.
- EA proceeds are typically available within 24 hours of IRS acceptance of tax return, however, if direct deposit is selected it may take additional time for your financial institution to post the funds to your account.
- For direct deposit, you'll need to provide your bank account details, and the deposit will reach your account as soon as your bank processes it, which usually takes 1-2 business days but may take longer.
- If you choose a check by mail, you will be required to pay for next-day or second-day delivery.