Stressed about taxes? A quick loan can come in handy around tax season in a few different ways. Whether or not you receive a tax refund check or have to pay taxes this year, a quick personal loan can keep you financially afloat during and after tax season is over.
Supplement Your Tax Refund
Many people put off paying for something major—such as either paying a large bill or purchasing a big-ticket item—until they receive their tax refund check each year. However, sometimes that tax refund check doesn’t quite go far enough. Sometimes the tax refund check you thought you’d be getting is considerably less than you had imagined for one reason or another. For example, some people are noticing that their tax refund is being withheld to pay for student loans. Other times, the bill or item is still more expensive than the total amount of the tax refund, even if it is at the amount you were expecting. Also, if your entire tax refund check is eaten up by one major payment, you may not have enough money leftover immediately after to take care of your normal responsibilities.
If you find yourself in any of these situations, you can solve that problem by taking out a quick loan to supplement your tax refund. You can stretch your dollar farther by making that major payment all at once while being able to pay for the rest of the large sum incrementally over time instead of having to put down all of the money at once. A quick loan may be just what you need to take care of that bill or purchase you’ve been putting off. A quick personal loan can also help by providing you with the extra funds you need for everyday purchases after having to spend your entire tax refund check on something else.
Help Consolidate and Pay Your Taxes
Not expecting a tax refund check? Many people instead of receiving a tax refund check each year must pay taxes instead. Depending on what you need to pay taxes on, this tax bill can range in amounts from a few hundred to tens of thousands of dollars. If you’re unable to pay your taxes right away, you can get on a payment plan with the IRS, but you will end up racking up fees and penalties that could significantly raise your tax bill depending on how long it takes you to pay the amount back in full.
You do have another option: a quick loan. A quick personal loan can help you out at the last minute when that April 15 deadline looms near and you need a way to pay off your lump tax bill fast. Instead of racking up penalties from the IRS, you can use a quick loan to pay off the sum in part or in full, and you can then pay off that sum incrementally by making regular payments on the loan. This may be an easier way to consolidate tax payments and avoid tax penalties you would otherwise incur by paying the IRS over time.
This year, don’t stress about finances just because it’s nearing the end of tax season. If you need some breathing room, consider what a quick loan can do to get you through the coming weeks and months. Apply online today.