Pa. Dept. of Revenue Urges Caution with Tax Refund Loans

With the tax filing season underway, the Department of Revenue is reminding Pennsylvanians to use caution and look at all their options when considering tax refund anticipation loans.

“Promotions for ‘fast’ and ‘easy’ refund anticipation loans are very common during the filing season,” Revenue Secretary Dan Hassell said. “On the surface, these types of loans or advances may be enticing, but everyone needs to make sure they understand how these loans work and that their total refund will most likely be reduced.”

What are refund

anticipation loans?

A refund anticipation loan, or RAL, is a loan m...