Money and Debt

Fast tax refunds

Some companies advertise “fast refunds” during tax season. These offers are actually expensive loans. Learn what you need to know about refund anticipation loans and other expensive refund services.

Follow these steps to make sure that you get or keep all the benefits and tax credits you are eligible for in 2022:

  • File your 2021 tax return. Even if you aren’t required to or don’t normally file your taxes. There are changes to the Child Tax Credit and Earned Income Tax Credit that you can only get if you file 2021 taxes.
  • Update your household info with ODJFS. Many people have been displaced or experienced changes in their lives during the pandemic. Update your Medicaid and SNAP cases to make sure you keep your benefits and know when deadlines are coming up. Call (844) 640-6446 or go to "Government and Community Resources" on this page to find the contact information for your local JFS office. 
  • Update your household info with your child’s school. Schools need to keep your information up to date so your child(ren) receive available free or reduced-price school meals and Pandemic EBT (P-EBT) funds. If your child is out of school because of a COVID-19 related reason, make sure to report the reason for their absence to your child’s school so that they may receive P-EBT funds for qualifying absences. Even if your child is receiving free school meals during the COVID-19 pandemic, submit a new National School Meals Program application to your school so that they do not lose access if they are still eligible after the pandemic. Learn more at
Send this page to:
We're not sure if this resource is right for you. Please answer some questions to see all available resources and information.

A refund anticipation loan (RAL) is money that you borrow. When you get your tax refund, you must return the money. RALs charge high fees, so you are paying to get your own money a little faster.

What you should know before taking out a RAL

The downsides of RALs include:

  • High fees. The costs (fees plus interest) could be bigger than your refund. Therefore, if you get a RAL, you may lose money.
  • You are taking on risk. You must pay back the loan, even if your refund is smaller than you expected. If you can't pay back the loan, your credit score may drop.

There are some other “fast refund” services that have similar downsides:

  • Refund anticipation checks and transfers. Some tax preparers and banks charge a high fee to open a temporary bank account to receive directly deposited tax refunds.
  • Instant refunds from car dealers and stores. Some car dealers offer “instant” tax refunds. Actually, the dealers get you a RAL, and you pay high fees.

Getting your refund faster

If you need your refund quickly, there are some steps you can take other than RALs:

  • Open a savings account. To receive your refund faster, schedule direct deposit of your refund into a savings account. Learn more about opening a bank account from the FDIC.
  • Request an expedited refund. If you experience an economic hardship or an IRS processing delay, the IRS maybe able to send your refund faster. To request an expedited refund, call the IRS at (800) 829-1040. Explain your situation. Ask for an “expedited manual refund.”
  • Contact the Taxpayer Advocate. If you need your refund quickly due to economic hardship, call the Taxpayer Advocate Service at (877) 777-4778.
  • If you have urgent bills, you should ask the senders for more time.

Free tax-filing resources

Most people with low or moderate income can do their taxes for free using FreeFile’s brand-name software or fillable forms.

To do your taxes for free:

  • Visit It’s available 24/7.
  • Choose an option. Use the online lookup tool or browse all offers to find a good match.
  • Leave the IRS site. On an IRS partner’s website, begin your return safely and securely.

Also, you may qualify for free tax help from:

  • VITA. If you have low income, disability or limited English skills, you may qualify for free tax help from the Volunteer Income Tax Assistance (VITA) program.
  • TCE. If you are at least 60 years old, you can receive free tax help from Tax Counseling for the Elderly (TCE).

To find the nearest VITA site near you, use the VITA locator tool or call (800) 906-9887. VITA services may vary by location. Please check with your local VITA site to find out what options are available.

Was this information helpful?