New This Tax Season: H&R Block Filers Could Receive Up To $4,000 With Refund Advance Loan

Core Points - H&R Block has reintroduced the Refund Advance loan, offering no-interest loans up to $4,000 for qualifying taxpayers filing between January 3 and February 28, 2025 [1][2][3] - The Refund Advance loan aims to provide quick financial relief to taxpayers while they await their tax refunds, with funds potentially available within minutes of filing [2][3][6] Summary by Sections Loan Features - The Refund Advance loan is available in amounts of $250, $500, $750, $1,250, or $4,000, making it one of the largest no-interest refund advance loans among national brands [8] - There are no interest charges or loan fees associated with the Refund Advance loan, making it an affordable option for consumers [8] - Funds can be available the same day if approved, ensuring quick access to financial assistance [8] - The loan application does not impact the taxpayer's credit score, and the program boasts high approval rates [8] Application Process - Taxpayers can apply for the Refund Advance loan with the assistance of H&R Block's 60,000 tax professionals during virtual or in-office appointments [5] - For approved applicants, funds can be deposited into a Spruce account or loaded onto an Emerald Card [5][8] - Repayment of the loan is automatically deducted from the taxpayer's tax refund, providing a seamless repayment process [8] Company Perspective - H&R Block emphasizes the importance of the Refund Advance loan for clients, particularly for those who rely on tax refunds as a significant financial milestone [3][6] - The company aims to better serve its clients by providing quick access to funds, which can help with various financial needs such as paying bills or managing daily expenses [6]