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Tax refund advance loans are short-term loans ranging from $200 to $4,000 that you take out while you are expecting a return from the IRS. Once your return is given, the loan amount is subtracted. In certain situations, the money may be placed into a prepaid card within 24 hours. Typically, the loans are available from December through February. To be qualified for a tax refund advance loan 2022, you must have your taxes done by the firm providing the loan, which may include paying a tax preparation charge. There is a minimum amount that your estimated return must be to qualify, which varies each firm, and you may only get a portion of your expected refund in advance. TurboTax Refund Advance Loan First Century Bank provides funding for Intuit TurboTax's return advance loan. The minimum federal tax return amount is $500, however a larger refund amount qualifies you for a larger loan amount. The following loan amounts are available: $250, $500, $750, $1,000, $1,500, $2,000, $2,500, $3,000, $3,500, or $4,000. To access the cash, you apply for the return and create a bank account with Credit Karma Money. According to TurboTax, monies are normally paid into your bank account an hour or two after the IRS accepts your return. Within seven to 14 business days, you will get a debit card in the mail and will be able to make online purchases in the meanwhile. Keep the debit card because TurboTax will deposit the remainder of your return into your bank account when it arrives. H&R Block Emerald Advance Loan H&R Block's refund advance loan is handled by MetaBank. The minimum tax refund is $500. Loan amounts are as follows: $250, $500, $750, $1,250, or $3,500. In most situations, cash is available the same day. Money is put onto an H&R Block prepaid card, from which you may make a one-time fee-free transfer of cash by check or ACH. If you prepare your taxes in person, you may get the card the same day. If you finish your tax preparation online, you will be given a virtual card. The card may take up to ten business days to arrive via mail. Requirements: You must prepare your taxes at a participating H&R Block location, obtain a sufficient refund, and provide needed proof of identity. In addition, you must fulfill certain credit and other underwriting standards. What is the procedure for obtaining a tax refund loan? When you file your tax return, you submit an application for a tax refund loan. The majority of tax preparers collaborate with a bank that loans the cash. MetaBank, for example, provides tax return loans to H&R Block. Tax loans often do not need the same credit score as unsecured loans, but the bank may evaluate an applicant's credit background without damaging their credit score. Your eligibility may also be determined by the amount of your anticipated refund. These loans need identification verification, a check of your IRS status, and a review of any other obligations you owe. Once authorized, you may usually access the loan amount immediately through a prepaid card, which may come with its own limits and fees, or the cash will be put into your bank account.