LITTLE ROCK, Ark. (KTHV) -- Offers of extra cash or immediate tax refunds are often attractive when you're in a tough financial situation, but the use of Refund Anticipation Loans and checks will ultimately reduce the amount of your tax refund and possibly cost you extra money.
Sarah Tacker with the Attorney General's Office explained more on "THV 11 News This Morning."
Before Entering Into An RAL Or RAC Agreement:
•Check out the free or low-cost options listed below.
•Consider that electronically filed returns can be deposited in your account in as few as eight days.
•If you don't have a bank account, the IRS can provide your refund by check or prepaid debit card.
•Always get a written list of fees before entering into any agreement or having any tax preparation services performed.