James Callis, Miles Doleac, Christiane Seidel Runtime: 2 hours, 8 minutes Available to watch on supported devices.
When you take out a refund anticipation loan, you are borrowing money against your tax refund. If your tax refund is less than expected, you will still owe the entire amount of the loan.If your refund is delayed, you may have to pay additional costs.YOU CAN GET YOUR REFUND IN 8 TO 15 DAYS WITHOUT PAYING ANY EXTRA FEES AND TAKING OUT A LOAN.OTICE CONCERNING TAX REFUND ANTICIPATION LOANS. When you take out a refund anticipation loan, you are borrowing money against your tax refund. If your tax refund is less than expected, you will still owe the entire amount of the loan. If your refund is delayed, you may have to pay additional costs.
Normally, money taken from a 401(k) plan is subject to income taxes but a 401(k) loan is exempt from tax so long as the borrower keeps up payments.But the balance owed on a defaulted 401(k) loan is treated as a distribution from the account and becomes taxable.ormally, money taken from a 401(k) plan is subject to income taxes but a 401(k) loan is exempt from tax so long as the borrower keeps up payments.