Tax Refund Advance

A tax refund advance is a short-term loan that gives you early access to a portion of your expected tax refund. When you choose Sun Loan as your tax preparer, you can immediately apply to receive up to $7,000 of your anticipated refund rather than waiting for the IRS to process your return. 

This advance is secured by your expected tax refund, meaning the loan will be repaid directly from your refund once the IRS processes your return. 

The advance serves as a bridge between filing your taxes and receiving your official refund, helping you access your money sooner to handle immediate financial needs or opportunities.

To qualify for a tax refund advance from Sun Loan, you must meet several key requirements:

• File your taxes through Sun Loan between January 2, 2025, and March 15, 2025
• Have a valid government-issued photo ID
• Provide a Social Security number or Individual Taxpayer Identification Number (ITIN)
• Submit all required tax documents, including W-2s and applicable 1099 forms
• Expect a sufficient tax refund amount to cover the requested advance
• Meet minimum income requirements based on tax documentation
• Provide proof of residence and contact information
• Be at least 18 years old and file as an individual taxpayer

Consider these clear benefits if you’re thinking about getting a tax advance loan. Each advantage helps you access your money faster and easier than traditional refund processing:

• Immediate access to your refund: Get your money as early as the same day you file instead of waiting weeks for the IRS to process your return.
• Professional tax preparation: Our expert tax preparers ensure your return is done correctly while helping you apply for your advance.
• Flexible filing options: Choose to file online from home, sit down with a tax expert in person, or simply drop off your documents for processing.
• Expert guidance: Knowledgeable tax professionals guide you through both your tax filing and advance application, ensuring everything is done correctly.
• Same-day funding: Once approved, you’ll receive your advance by direct deposit, check, or refillable debit card in up to 24 hours.
• Automatic repayment: Your advance is repaid directly from your tax refund when it arrives from the IRS, with no action required on your part.

You can receive your tax refund advance the same day you file your taxes, assuming you meet all eligibility requirements and receive bank approval. 

First, you complete your tax return with Sun Loan using your preferred filing method. Once your return is finished, your tax preparer will help you apply for the advance. Applying typically takes just a few minutes. Then, the money is deposited into your bank account.

Through Sun Loan’s Refund Advance program, qualified taxpayers can receive up to $7,000 of their expected refund amount. The actual advance amount you may receive depends on several factors.

Your expected refund amount is the primary determining factor. Typically, you can receive a portion of your anticipated refund up to the $7,000 maximum. The bank’s approval process considers your tax return information, including income level, refund amount, and filing status.

Your filing history and previous tax refund advance history may also influence the decision. Some taxpayers may qualify for smaller advance amounts, depending on their specific situation and approval factors.