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IRS clamps down on quick refunds loans to curb fraud
Jackson Hewitt in Syracuse says IRS rules may lift costs for refund anticipation loans. Average Onondaga County customers paid 62 for tax prep and 52 for a loan, with totals rising to about 150 under new rules. Experts warn high costs. low income filers face steep borrowing, while 21 day electronic returns cut wait times.
MENTIONED IN THIS ARTICLE
IRS
Jackson Hewitt
Syracuse
Onondaga County
Forrest
Sharon Patchett
Consumer Credit Counseling Service
Central New York
H&r Block
Paul Mackey
Wall Street
Cardinal
Ruffino