Jackson Hewitt Holiday Loan

This website is not associated with Jackson Hewitt

Think of the Jackson Hewitt holiday loan as a way of financing your holiday expenses without putting your finances at a high risk of rolling over dead, so to speak. Here’s what you need to know about it, as well as its alternative.  

The Holiday Loan Explained

Also known as the Jackson Hewitt Advance program, the holiday loan program allows clients of Jackson Hewitt to obtain an advance on their tax refunds of up to $1,300 per qualified taxpayer. The assumption here is, of course, the person applying for it has a strong possibility of getting tax refunds from the Internal Revenue Service (IRS).

The holiday loan applies to the previous year’s tax return. For example, the 2018 program allows up to $1,300 in tax refund advance for the 2017 holiday season. The 2018 program is currently ongoing at selected Jackson Hewitt locations. You may also contact its local office in your area for inquiries about the start and end period, as well as the qualification requirements.  

Before applying for the holiday loan, however, you should check your eligibility for it. The general qualification requirements include:

  • You must be above 18 years old, the legal age in most states
  • You must either be a U.S. citizen or a permanent resident of the United States
  • You must have been employed in your present job for a minimum of 90 days
  • You must earn at least $1,000 per month, after tax
  • You must have a checking account in your name

The application process for the holiday loan is relatively simple since it’s done online.

  • Log in to the Jackson Hewitt official website.
  • Complete the inquiry form on the appropriate page.
  • Wait for a few minutes while Jackson Hewitt finds a suitable creditor or lender.
  • Go to the creditor’s page, read and understand the terms of the loan, and apply for it, if you want.
  • Check your bank account to determine your holiday loan has been deposited.  

Jackson Hewitt Loans will match you with the right lender who, in turn, will directly contact you for additional details relevant to your loan application. You will also be asked to submit your paystub as part of the requirements. Your loan will be deposited into your checking account if you have been approved for it.  

Keep in mind that Jackson Hewitt doesn’t take full responsibility for your loan. You have to pay the loan with or without your tax refund.  

The Alternative Refund Advance

Aside from the holiday loan, you may also consider applying for the Express Refund Advance, a no-fee, zero interest APR loan provided by MetaBank but only at selected Jackson Hewitt offices. If you qualify for it, you can get as much as $3,200 in tax refund loan as soon as Jackson Hewitt files their clients’ tax returns.  

The loan is only available at selected Jackson Hewitt offices as well as designated Walmart stores.  These locations was open starting at January 2, 2018.

The Express Refund Advance loan can be availed of in different amounts: $100, $200, $500, $750, $1,000, and $3,200.  

Just as with the holiday loan, interested individuals will be required to undergo the prequalification process. Just log in and answer a few questions on www.myrefundadvance.com to determine whether you prequalify for the loan or not.  You will not wait long for the confirmation as it only takes a few minutes.  

If you have been approved for the loan, you will receive it via an American Express Serve Card. You may also have it deposited via a prepaid card or a qualified bank account.  You don’t have to pay for origination charges, document fees, and interest charges on your loan.  

Whether you choose a Jackson Hewitt holiday loan or an Express Refund Advance loan, you should be a responsible debtor.