State Officials Warn You To Check The Fine Print Before Signing Up For Tax Refund Anticipation Loan

The state Department of Revenue is offering advice when it comes to tax refund anticipation loans. A tax refund anticipation loan is made when a state or federal income tax refund is expected. While its a way to get money right away the PA Department of Revenue says beware of interest and high fees which may be associated with such a loan. The department also says to read the fine print carefully and understand that you may be required to pay off the entire loan, even if your refund is lower than anticipated.