In 2024, about 25% of U.S. households are living paycheck to paycheck with no financial cushion, according to Bank of America. At the same time, the average IRS refund for 2023 tax returns was $ ...
Refund anticipation checks involve opening a temporary bank account to receive an advance of your refund, minus fees. They money doesn’t come from the IRS but from the tax preparer or service provider ...
However, in some cases, these companies may charge a fee that isn’t clearly disclosed. In a review of the websites of the seven major tax return preparer companies, the agency concluded that ...