Why was my refund advance denied. I met all of the qualifications. (2024)

FAQs

Why was my refund advance denied. I met all of the qualifications.? ›

You did not agree to all the Refund Advance terms and conditions. You owed the U.S. Government or your State. You had debt enforced by a State such as, but not limited to, child support obligations, past student loans, tax liens, and any other payments owed to a Federal or State agency.

You will not be eligible for the loan if: (1) your physical address is located outside of the United States, a US territory, a PO box or a prison address, (2) your physical address is in one of the following states: IL, CT, or NC, (3) you are less than 18 years old, (4) the tax return filed is on behalf of a deceased ...

Your application for the Easy Advance may be denied if you have any delinquent child support or outstanding unpaid taxes, student loans or other federal debt.

Because your tax refund secures these loans, you usually can get approved — but it's not guaranteed. Some tax preparers may require that you open a checking account or a prepaid card specifically for the loan. If you're approved, you can often get the funds on the same day.

Rejection Rejection Code Code 600 600 indicates indicates that that the the return return isis missing missing a Form Form 8862. 8862. Form Form 8862 8862 isis generally generally required required toto claim claim the the EIC EIC after after previous previous disallowance disallowance ofof the the credit. credit.

If you have reached your cash advance limit, then you won't be able to withdraw any more cash. Late payments or over the limit: If you have a history of late payments or have exceeded your credit limit in the past, your credit card issuer may decline your cash advance request.

The IRS will then contact you by mail if it needs additional supporting documents. If you filed your return by the due date and it gets rejected, the IRS will consider it filed on time if you make the necessary corrections and e-file it again within 10 days.

Fact – While not everyone is approved, the Refund Advance loan program at H&R Block has high approval rates. To be approved, you must apply and meet certain eligibility requirements, (such as ID verification and a sufficient expected tax refund amount), as well as meet the lender's underwriting requirements.

Upon decisioning, you'll be notified by text or email. Note: While the bank may access your credit report, applying for Refund Advance will not impact your credit score.

Refund Advance is a no-interest loan that is repaid with your tax refund. Apply between Jan. 2, 2024 and Feb. 29, 2024.

Can you get a refund advance with bad credit? ›

You might qualify for a tax refund advance loan even if you have poor or fair credit. Unlike other types of credit (like credit cards or personal loans), you won't have to worry about paying higher interest charges if you have less-than-perfect credit.

A RAL is a loan that allows a taxpayer to borrow against an anticipated income tax refund. These loans actually are made by banks but are often offered by tax preparers, and sometimes by CPAs, in conjunction with preparation of the tax return.

An incomplete return, an inaccurate return, an amended return, tax fraud, claiming tax credits, owing certain debts for which the government can take part or all of your refund, and sending your refund to the wrong bank due to an incorrect routing number are all reasons that a tax refund can be delayed.

If you didn't qualify for Refund Advance, it may be because: Your federal refund was not $500 or more. You did not agree to all the Refund Advance terms and conditions. You owed the U.S. Government or your State.

You should receive an explanation of why your return was rejected. If you made a mistake in entering a social security number, a payer's identification number, omitted a form, or misspelled a name, you can correct these errors and electronically file your tax return again.

H&R Block Emerald Advance® Loan originated by Pathward®, N.A., Member FDIC. Subject to eligibility and credit approval. Annual Percentage Rate (APR) is 35.9%. Loan amounts vary from $350-$1300.

You might qualify for a tax refund advance loan even if you have poor or fair credit. Unlike other types of credit (like credit cards or personal loans), you won't have to worry about paying higher interest charges if you have less-than-perfect credit.

One common reason for rejection includes providing an incorrect expiration date when entering the identification information, or entering the same ID information for both the primary and secondary taxpayer.