H&R Block, Liberty Tax & Others Informative - Tax Time - Beware of "Advance Payments" from Tax Preparers!
Many tax services [H&R Block, Liberty Tax and other nationally know tax businesses] offer an "Advanced payments" service. For a fee, they will advance you the amount equal to your tax refund, minus a fee for this service.
You, in turn, will then pay them for this service when you receive your refund.
Read the fine print. The cost for this service can be up to 100 or even 150% ! [About the same interest rate as those "Payday Loan" businesses].
This loan is normally contracted through a loan company and not the tax service itself.