Think twice before paying an online tax preparer from your refund - Business Insider

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While paying for tax prep from your refund sounds easy, pay attention: Most online preparers charge an additional fee

, you can start preparing your return for free. Most tax preparers don't require money up front; you'll typically pay the fees once you're ready to sign and submit your return.to complete and file their return. By the time you reach the screen asking for payment, you're probably looking for the quickest exit route. Online preparers will give you the option to pay for their services via credit or debit card or through your refund.

If you check the box to pay through your refund, you don't have to do anything on your end but simply wait for your share of the refund to be deposited in your bank account. Sure, that may sound easy, but be careful: Most preparers tack on an extra fee for this method of payment, and it's not insignificant.

 

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