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:
- Visit Jackson Hewitt’s website and navigate to the Refund Advance page.
- Click See if you prequalify.
- Enter your federal tax refund amount from last year and select if you received the full amount.
- Select if you had money taken out of your taxes for childcare, back taxes or student loans.
- Select if you filed through Jackson Hewitt last year. If not, select how you filed.
- Enter information about yourself, including your Social Security number and full address.
- 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
|H&R Block||$250 to $3,500||0%||Yes, but not stated||February 29, 2020||No||Read review|
|Intuit TurboTax||$250 to $2,000||0%||Varies||February 7, 2020 — or until funds run out||Yes||Read review|
|Liberty Tax Service||$500 to $6,250||35.99%||Not stated||February 28, 2020||No||Read review|
10+ best alternatives to tax refund advances
Not what you’re looking for? Compare other personal loan options
Updated February 17th, 2020
Need a larger loan amount? Read our guide to personal loans to explore other options available.
Frequently asked questions