Penn State Ag Sciences Newsline -- February 5, 2008
There's a no-cost alternative to rapid-refund income tax services (:48)
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Suggested Intro:
MANY COMMERCIAL TAX SERVICES OFFER RAPID-REFUND OPTIONS THAT GET YOUR MONEY BACK TO YOU FAST. BUT A CONSUMER FINANCE SPECIALIST IN PENN STATE'S COLLEGE OF AGRICULTURAL SCIENCES SAYS ANOTHER QUICK-REFUND OPTION CAN SAVE YOU MONEY. GARY ABDULLAH HAS THE STORY:
Story:
(:15) RAPID REFUND SERVICES CAN GIVE YOU FAST ACCESS TO YOUR MONEY. BUT PENN STATE EXTENSION EDUCATOR ROBIN KULECK EXPLAINS THAT THE COMBINATION OF ELECTRONIC TAX FILING AND DIRECT DEPOSIT OF YOUR REFUND CAN SPEED THE PROCESS SO MUCH, IT'S NOT WORTH PAYING OTHERS TO GIVE YOU YOUR OWN MONEY:
Kuleck Actuality:
(:21) "IF YOU'RE DOING ELECTRONIC FILING AND IF YOU HAVE A BANK ACCOUNT THAT CAN DO DIRECT DEPOSIT, GENERALLY THE I-R-S CAN PROCESS YOUR RETURN AND WITHIN TEN DAYS TO TWO WEEKS, YOUR REFUND IS IN YOUR BANK ACCOUNT. FOLKS THAT ARE DOING THE RAPID REFUND LOANS, THEY'RE PAYING A FEE TO HAVE THEIR MONEY TEN TO FOURTEEN DAYS EARLY. YOU'VE WAITED 365 DAYS FOR THIS MONEY - WHAT'S ANOTHER TWO WEEKS?"(:14) KULECK SAYS IF YOU DON'T NEED YOUR REFUND QUICKLY, YOU MAY WANT TO WAIT UNTIL LATER IN FEBRUARY TO FILE DUE TO LAST-MINUTE CHANGES IN THE TAX LAWS. YOU CAN GET MORE INFORMATION ONLINE AT I-R-S DOT GOV. FROM PENN STATE, I'M GARY ABDULLAH.
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