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Use of tax-time financial products, such as refund anticipation loans, in 2016. Refund anticipation loan (RAL) is a short-term consumer loan in the United States provided by a third party against an expected tax refund for the duration it takes the tax authority to pay the refund.
Settling a lawsuit by the L.A. city attorney's office, H&R Block agrees to pay up to $1.6 million to taxpayers who allegedly were steered into paid services.
The H&R Block logo. H&R Block Tax Software, formerly called H&R Block at Home, is a set of software packages for American income tax preparation offered by H&R Block.They are a main competitor of TurboTax and TaxAct. [1]
💰 Costs • DIY federal tax return: $0 • Assisted federal tax return: $8 to $50 What FreeTaxUSA offers. FreeTaxUSA is a part of the Free File program run by the Internal Revenue Service. It ...
The company set aside $2.45 million in restitution for customers if they purchased a "refund anticipation loan" or a "refund anticipation check" through H&R Block between January 1, 2001 and December 31, 2008. In addition, H&R Block agreed to pay $500,000 in penalties and $1.9 million in fees and costs.
In 2023, the average refund amount was $2,753, down from $3,012 in 2022, a whopping 8.6% decrease, according to the Internal Revenue Service (IRS).
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