Tax Returns and the 2019 Government Shutdown
The IRS said earlier this month that the government shutdown would not delay their ability to process tax returns and issue refunds so they will begin as usual on January 28th. Generally, expect your refund to arrive around 21 days after the IRS accepts your completed return. That means even the earliest filers will not receive their refund until the end of February. For taxpayers who can’t afford to wait that long, there are options to receive a refund advance from tax preparation companies like TaxSlayer.
Throughout the last few years, the number of American taxpayers taking advantage of tax refund advances has increased. The fact that the government is still shut down heading into tax season likely means that trend will continue. For furloughed federal employees currently not receiving a paycheck, the option of getting a refund advance can help improve their cash flow until government payroll resumes.
Does Refund Advance Apply During the Government Shutdown?
Yes. If you are eligible and approved for TaxSlayer’s Refund Advance, you could receive up to $1,000 in as little as 24 hours from the time you are notified that your return was accepted.
How to Apply for TaxSlayer’s Tax Refund Advance
To be eligible for TaxSlayer’s Refund Advance, you will need to have a W-2 and a current government-issued ID.
- Go to TaxSlayer.com to begin filing your tax return.
- When given the option of how you want to receive your refund, choose to apply for the TaxSlayer Prepaid Visa® Card powered by Green Dot.
- Depending on your refund amount and other criteria, you might be eligible to apply for a refund advance of $500 or $1,000 which will be then be deposited onto your TaxSlayer Prepaid Visa® Card.
You are still required to pay your tax preparation fees, but with File & Go you can have the fees deducted from your refund, meaning you don’t have to pay anything out-of-pocket. Once approved for the advance, you’ll have access to a virtual card within 24 hours of IRS acceptance which can be used until the physical card arrives in the mail 5-10 business days later.
Once the IRS issues your refund, the remaining balance of your refund will be loaded onto your prepaid card automatically, so you don’t have to take any action.
Visit https://www.taxslayer.com/refund-advance for more information or to start your e-file!