With the start of the new year, a new trend is going viral on the internet called “Cash stuffing.” It involves splitting funds collected during the start of the month into envelopes devoted to different spending categories like groceries, entertainment, rent, gas, etc. The Genz and Millennial communities that now understand the responsibility of taking care of finance are making up new ways and sharing them on the popular video-sharing platform “Tiktok.” It’s an innovative and unorthodox way of saving cash, where if the funds from an envelope finish, they aren’t allowed to spend in that category until the funds are refreshed. Experts believe this to be a low-tech budgeting strategy.
Although it can help manage cash, is it the best strategy when it comes to finance? Definitely not! Yes, it’s true; it helps value your finances more and makes them more manageable, but realistically speaking, it doesn’t help a lot. Think about it for an instant: when it comes to the start of the new year, when you’re already low on funds due to the costly festivities of Christmas and New Year, you can’t expect to manage easily. You need cash quickly. In such a situation, tax return loans can help.
What are Tax Return Loans?
With the start of the new year comes tax season, the prime time for filing taxes. But did you know that you could be rewarded for your tax-filing efforts? Reports indicate that about three-fourths of US citizens overpay their taxes. Consequently, the government is obligated to refund the excess tax amount back to them. In this scenario, US citizens can apply for a tax return. However, tax returns can be slow, taking about 21 days to get approved. If you’re seeking a quicker option, a tax return loan might be your best bet.
Tax return loans are super helpful; certain professional tax preparation companies, like ATC Income Tax, offer these loans by providing a portion of the tax returns as a loan payment once you apply for a tax return through them. The best thing about a tax return is that you do not have to pay a single penny once you take out the loan. How is that? These loan payments are made based on the expected tax return. If you are expecting tax returns, the tax preparer pays you a portion based on the expected tax return. They play the waiting game with your tax return approval. Once approved, they take out the portion they offered as a loan and return the remaining amount. This way, you get a portion quickly and the remaining amount without having to pay anything. Think of it as a win-win.
If you live in Decatur, Atlanta, GA, or in Milwaukee, Wisconsin, consider contacting ATC Income Tax to aid you with tax filing and tax returns. As professional financial tax preparers, we can help with tax return loans through our Easy Money Loan. With it, you can receive up to $6,000 in minutes. It is quick, simple, and interest-free (only for loan amounts lower than $1000). Consult our expert and learn what other benefits and services you can get with us.
Note:
Remember, the deadline for filing 2023 tax returns is April 15, 2024 (April 17 for residents of Maine and Massachusetts). Don’t wait until the last minute – contact ATC Income Tax Services in Decatur today and get ahead of the curve!
Disclaimer:
The information provided is for general information purposes only and should not be in any way considered financial advice. “Easy Money Loan” is a product of ATC Income tax, and terms and conditions may apply, including eligibility criteria and loan terms.
