JERSEY CITY, N.J., Dec. 16, 2020 /PRNewswire/
-- Jackson Hewitt Tax Service® opened
nearly 3,000 in-office locations today and announced the company's
Early Refund Advance and No Fee Refund Advance offerings. To help
ease the financial burden ahead of the holidays after the
challenging year many taxpayers have faced, clients can apply for
the Early Refund Advance to access up to $700, a $200
increase from last year's Early Refund Advance offering.
Beginning today, both new and existing Jackson Hewitt clients can book an appointment
with their local Jackson Hewitt office to go in with a pay
stub, or other income verification, to start their tax preparation
and apply for the Early Refund Advance or No Fee Refund
Advance.
"During these uncertain times, we are proud to support
hardworking Americans by helping them put money in their pockets
when they need it most," said Greg
MacFarlane, Chief Executive Officer and President of Jackson
Hewitt Tax Service.
The 0% APR Early Refund Advance Loan from MetaBank®,
N.A., provides clients a way to access up to $700 ahead of the holidays, and before their W-2s
are available in January. Beginning December
14, 2020 until January 17,
2021, eligible Jackson Hewitt
clients can apply for an Early Refund Advance at participating
locations.
The No Fee Refund Advance, a 0% APR loan provided by
MetaBank®, N.A., will be available as early as
January 2, 2021 at select
Jackson Hewitt locations until
February 21, 2021. Clients could get
$500 to $4,000 with the No Fee Refund Advance.
"Once clients apply for a Refund Advance after submitting valid
forms of income verification, they will be notified within an hour
of which loan or loans they are approved for," added
MacFarlane.
All Refund Advance loan options will be automatically repaid
from a client's tax refund. Additionally, loans may be disbursed
via an American Express Serve Card or directly deposited into an
account of the client's choice.
During the 2020-2021 tax season, Jackson
Hewitt's offices are committed to keeping their clients,
staff, and communities safe with safety protocols designed to meet
local, state, and federal guidelines. Clients can choose to book a
sit-down appointment with a Tax Pro, or to arrange to drop-off or
mail in their documents. There are also stay-at-home options
available such as Tax Pro From Home and Jackson Hewitt Online.
Jackson Hewitt's 3,000 offices
located in Walmart stores will open on December 28, 2020.
To learn more about all Refund Advance products and to
check if a client prequalifies for a loan, visit
jacksonhewitt.com/refund-advance.
About Jackson Hewitt Tax Service Inc.
Jackson Hewitt
Tax Service Inc. is an innovator in the tax industry, with a
mission to provide its hard-working clients access to simple,
low-cost solutions to manage their taxes and tax refunds.
Jackson Hewitt is devoted to helping
clients get ahead and stands behind its work with its Maximum
Refund Guarantee2 and Lifetime Accuracy
Guarantee®1. Clients can choose to file at one of
Jackson Hewitt's nearly 6,000
franchised and company-owned locations, including 3,000 in Walmart
stores and online, making it easy and convenient for clients to
file their taxes. For more information about products, services,
and offers, or to locate a Jackson
Hewitt office, visit www.jacksonhewitt.com or call 1 (800)
234-1040.
1Lifetime Accuracy Guarantee®: If there is
an error preparing your return, your local office will reimburse
you for penalties and interest. You must notify us within 30 days
of receiving initial notice from a taxing authority and provide
necessary documents and/or assistance. Terms and conditions apply.
Visit jacksonhewitt.com for details. Most offices are independently
owned and operated.
2 FEDERAL RETURNS ONLY. If you are entitled to a
larger refund, we'll refund the tax preparation fees paid to us for
that filed return (other product and service fees excluded) and
give you an additional $100. Same tax
facts must apply. You must file an amended return with another paid
tax preparation company and/or online provider by April 15, 2021 and submit your claim no later
than October 15, 2021 with proof that
the IRS accepted the positions taken on the amended return. Terms
and conditions apply. Visit jacksonhewitt.com for details. Most
offices are independently owned and operated.
Terms & Conditions
Must file with Jackson
Hewitt. Subject to eligibility, approval, and factors including tax
refund size. Unavailable in certain states/locations. The Early
Refund Advance, No Fee Refund Advance and Go Big Refund Advance are
optional tax refund related loans (not the actual tax refund)
provided by MetaBank®, N.A. The Early Refund Advance and
No Fee Refund Advance are 0% APR, no fee loans. The Go Big Refund
Advance loan has a much larger loan amount than the No Fee Refund
Advance and has a fee of 2.5% of the loan amount. For example, for
$1,500 borrowed with a fee of 2.5%,
the total amount payable in a single payment is $1,537.50. APR is 30.42% assuming a loan duration
of 30 days but effective APR will vary based on number of days
outstanding. The amount of the loan and loan fee will be deducted
from tax refunds reducing the amount paid to the taxpayer. Loan
amounts are between $1,000 -
$6,000, and is inclusive of Early
Refund Advance loan amount. Max Go Big Refund Advance loan amount
for new clients is $2,500. Go
Big Refund Advance Loans are available to qualified borrowers
starting on January 2, 2021 through
January 31, 2021. The amount of the
loan and any applicable loan fee will be deducted from tax refund
and reduce the amount paid directly to the taxpayer. Fees for other
optional products or product features may apply. Tax returns may be
filed electronically without applying for this loan. Only $200–$700
available starting December 17, 2020
with a paystub or other acceptable income verification.
Availability and loan amount subject to ID verification,
eligibility criteria, and underwriting standards. Disbursement
rules apply. Loan available within 24 hours if disbursed on a
prepaid card or in 1-5 business days with direct deposit, unless
impacted by IRS delays. Jackson Hewitt is a Rhode Island
Licensed Loan Broker and holds other licenses (if required) for the
locations where Go Big loan is offered. Go
Big loan not available in all states. Visit Jackson
Hewitt for details. Most offices are independently owned and
operated.
About MetaBank®, National
Association
MetaBank®, N.A., a national bank
("Meta"), is a subsidiary of Meta Financial Group,
Inc.® (Nasdaq: CASH), a South Dakota-based financial holding company.
Meta is a leader in providing innovative financial solutions to
consumers and businesses in under-served niche markets and believes
in financial inclusion for all. Meta's commercial lending division
works with high-value niche industries, rapid-growth companies and
technology adopters to grow their businesses and build more
profitable customer relationships nationwide. Meta is one of the
largest issuers of prepaid cards in the U.S., having issued more
than a billion cards in partnership with banks, program managers,
payments providers and other businesses, and offers a total
payments services solution that includes ACH origination, wire
transfers, and more. For more information, visit
the MetaBank website.
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SOURCE Jackson Hewitt Tax Service Inc.