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Jackson Hewitt tax refund advance review

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Access up to $3,200 with 0% APR — or double that if you're willing to pay a fee.

  • Best for checking if you prequalify online before filling out a full application in person.
  • Pick something else if you've defaulted on your student loans or have past tax liens — you might not qualify.

Starts at $48

Tax preparation fee

0%

APR

February 23, 2020

Application deadline

Details

Product nameJackson Hewitt No Fee Refund Advance
Maximum advance amount$3,200
Minimum advance amount$200
APR0%
TurnaroundSame day to receive funds on a prepaid card, 1 to 5 days for direct deposit
Tax preparation feeStarts at $48
Application deadlineFebruary 23, 2020
States servicedOnly available at participating branches
RequirementsConsiders identity verification; payment history with the IRS; status of your student loans, child support and tax liens

Expert review

Kellye Guinan

Review by


Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

Expert review

Jackson Hewitt offers the best of both worlds: You can see if you’re eligible for a refund advance online, then visit a Jackson Hewitt store for personalized tax advice. And since it offers direct deposit alongside a prepaid card option, you won’t be stuck with another card in your wallet if you don’t want it. Its smaller advances are interest free, and it also offers a larger option up to $6,400 if you’re willing to pay a fee.

However, you still need to visit a branch to officially apply — there’s no online application. And direct deposits can take up to five business days to hit your account. It also considers the status of your student loans, child support and tax liens when deciding if you qualify.

Not sure Jackson Hewitt is right for you? Consider taking out a personal loan instead.

Jackson Hewitt tax refund advance requirements

Jackson Hewitt’s tax refund advance is offered in partnership with MetaBank. While it doesn’t disclose exact requirements, it looks at the following criteria in determining if you qualify:

  • Identity verification
  • Payment history with the IRS
  • Status of your student loans, child support and tax liens

How Jackson Hewitt’s tax refund advance works

Jackson Hewitt’s No Fee Refund Advance is available in six amounts: $200, $500, $750, $1,000, $1,250 and $3,200. You can see if you prequalify online, but you’ll need to visit a participating Jackson Hewitt store to file your taxes and fill out the advance application.

If approved, funds are available within 24 hours if you choose to receive them on an American Express Serve Card. Otherwise, it could take one to five business days to have the advance deposited into your bank account.

To pay back your advance, Jackson Hewitt automatically deducts the amount from your tax refund once it’s processed by the IRS — which means no extra work on your end.

What’s the Go Big Refund Advance?

The Go Big Refund Advance is available in the following amounts: $1,000, $1,500, $2,000, $2,500, $4,500, $5,500 and $6,400. However, it comes with a fee of 2% of the loan amount. And the deadline to apply is February 2, 2020.

How much does it cost?

Jackson Hewitt’s No Fee Refund Advance doesn’t charge any interest, so you’ll only be on the hook for your tax preparation fee. This fee starts at $48, but will vary based on the complexity of your taxes.

How do I apply?

Jackson Hewitt requires you to visit a branch to have your taxes prepared and apply in person. But you can see if you prequalify online by following these steps:

  1. Visit Jackson Hewitt’s website and navigate to the Refund Advance page.
  2. Click See if you prequalify.
  3. Enter your federal tax refund amount from last year and select if you received the full amount.
  4. Select if you had money taken out of your taxes for childcare, back taxes or student loans.
  5. Select if you filed through Jackson Hewitt last year. If not, select how you filed.
  6. Enter information about yourself, including your Social Security number and full address.
  7. Read the disclosures and click I agree to see if you prequalify.

If you prequalify, you will see your estimated advance amount. You will still need to set up an appointment at a Jackson Hewitt branch to file your taxes and finalize your advance.

What documents do I need to apply?

When you visit a participating Jackson Hewitt branch, you will need to bring the following information:

  • Proof of income
  • Current W-2
  • Social Security number
  • Government-issued photo ID or equivalent

Depending on your other income and debts, you may be required to bring more information. Contact your local Jackson Hewitt branch to discuss any other documents you may need.

So, what’s the catch?

Jackson Hewitt may offer a handful of options when it comes to getting your refund early, but consider these potential drawbacks before applying:

  • May not be available at your branch. Refund advances are only available at participating Jackson Hewitt locations — and Jackson Hewitt doesn’t provide a list of these online.
  • Can be costly. If you’re only approved for the Go Big Refund Advance, you’ll have to pay a fee of 2% of your loan amount. This could translate to an APR well over 30% if your refund is processed within three to four weeks — the average amount of time it takes the IRS to process a refund.
  • Must visit a store to apply in person. Jackson Hewitt lets you prequalify online, but you’ll still need to visit a participating branch to file your taxes and apply for a refund advance.
  • Defaults on your student loans may impact approval. MetaBank factors the status of your student loans, child support and tax liens — among other information — into its approval decision.

Will applying affect my credit?

No, Jackson Hewitt won’t check your credit when you apply for any of its refund advances.

3 tax prep sites Jackson Hewitt

Refund advance amountAPRTax preparation feeDeadlineOnline application
H&R Block$250 to $3,5000%Yes, but not statedFebruary 29, 2020NoRead review
Intuit TurboTax$250 to $2,0000%VariesFebruary 7, 2020 — or until funds run outYesRead review
Liberty Tax Service$500 to $6,25035.99%Not statedFebruary 28, 2020NoRead review

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