AUGUSTA, Ga., Dec. 14, 2017 /PRNewswire/ -- TaxSlayer, a leading online and professional tax and financial technology company, today announced the launch of refundNOW, the only fully online refund advance offering available to customers in the U.S.1 Exclusively from TaxSlayer, qualifying customers can receive up to $1000, in as little as 48 hours of their e-file being accepted by the IRS. Customers can select to receive these funds via direct deposit into their bank account or via an American Express Serve® Prepaid Card.
In a recent survey via Research Now, 93 percent of TaxSlayer respondents claim they received a refund this past tax season.2 Separately, TaxSlayer surveyed over 2,000 Americans to find out how taxpayers are planning to spend their refunds in 2018. American consumers look most forward to using their refunds to pay down debts, and many will put the money into a savings or investment account. Additionally, 26 percent of those surveyed plan to treat themselves to something fun or exciting like a major purchase or vacation.3
"Empowering our customers with a stress-free tax filing experience is our number one priority, especially with so much uncertainty around taxes today," said Seth Babb, Director of Consumer Products at TaxSlayer. "refundNOW is another way TaxSlayer is putting the customer front and center during the tax filing season. Many customers have been experiencing longer delays in getting refunds, so we've developed this product to help address that specific consumer need. With taxpayers looking to use the extra money to pay off debts or add to savings, we hope this helps get customers excited about how we can make the process faster, easier, and more rewarding."
Beginning in January, customers can e-file with TaxSlayer and request their refund advance. Customers must have a W-2, valid and current government-issued photo identification and meet certain eligibility requirements. refundNOW is a no upfront fee4, 0% interest rate advance offered in partnership through River City Bank, Member FDIC.1 If approved, customers can receive their refund advance in as little as 48 hours of their e-file being accepted by the IRS. refundNOW offering and participation is limited. Consumers are encouraged to e-file with TaxSlayer as soon as they have their 2017 documents.
To learn more about refundNOW, visit TaxSlayer.com/now
TaxSlayer makes life simpler and less stressful for millions of Americans with exceptional, easy-to-use technology. Trusted for over 50 years, TaxSlayer saves business owners, tax professionals and individual consumers time and money with high-quality, high-value financial products. In addition to offering the top-rated tax preparation software, support, and tools, TaxSlayer's products are radically transforming the legal, bookkeeping, and HR/payroll arenas, helping small business owners better serve their customers.
The company successfully completed more than 10 million state and federal e-filed tax returns in 2017, representing a 200% increase over the past three years. TaxSlayer's software was ranked #1 for five straight years in numerous categories, including overall satisfaction by the National Association of Tax Professionals (NATP).
Note to Editors
1 refundNOW is an optional non-recourse loan available at no additional cost. refundNOW is offered exclusively to TaxSlayer customers. Targeted 48-hour turnaround time applies to applications Monday-Friday and excludes weekends due to federal, state and banking systems availability and restrictions. TaxSlayer's refundNOW product is processed upon official acceptance of e-file by the IRS. refundNOW is an optional non-recourse loan available at no additional cost. refundNOW is not the actual tax refund. refundNOW is available for a limited time. The loan amount will be deducted from the tax refund and reduces the refund amount disbursed directly to the taxpayer. Approval is subject to refund amount, identity verification, eligibility criteria, underwriting standards, and other terms and conditions. refundNOW is not available in Illinois. Tax returns may be filed electronically without applying for a refund transfer4 or refundNOW. Available disbursement options are an American Express Serve® Card or direct deposit. Timing of refundNOW delivery is based on IRS acknowledgement of the tax return and other factors. Tax preparation and other fees will apply and will be deducted from the tax refund. RefundNOW provided by River City Bank, Member FDIC.
2M is for Marketing through Research Now, October/November 2017 among people who file their taxes online. 983 respondents. Margin of error 3.13 +/- at 95% confidence.
3All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 2388 adults. Fieldwork was undertaken between 21st - 22nd November 2017. The survey was carried out online. The figures have been weighted and are representative of all US adults (aged 18+).
4 Refund transfer services provided by River City Bank, Member FDIC. Fees will apply, including tax preparation fees, and will be deducted from the tax refund.