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What is the taxpayer cost for Fast Cash Advance?

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Taxpayers pay the following finance charges depending upon which program their tax professional offers.

 

Standard Fast Cash Advance loans of $500-$6,000 currently have an APR of 39.95%. For example, for a loan of $2,000 with a repayment period of 30 days, the total amount payable in a single payment is $2,065.67 including principal and interest.

Fast Cash Advance loans for ProSeries Tax Customers of $500 and $1,000 currently have an APR of 0%. For example, for a loan of $1,000 with a repayment period of 30 days, the total amount payable in a single payment is $1,000.00.

Loans subject to the Military Lending Act have a lower rate. There is no fee if the advance is denied.

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