A bank will be happy to lend you the money to cover the spread since you have the collateral of a large tax refund in the future. It'll cost you a little bit of interest but it's generally not the catastrophe that people make it out to be.
A bank will be happy to lend you the money to cover the spread since you have the collateral of a large tax refund in the future. It'll cost you a little bit of interest but it's generally not the catastrophe that people make it out to be.
Maybe if you are an ultra high net worth individual. I don’t see your avg Joe walking into their neighborhood Chase bank asking for a $500k loan using their potential tax refund as collateral is going to get it. That seems like an esoteric financial product.
AFAICT most tax refund loans are to low income individuals who need the money today rather than two months from now.
Source? Typically capital losses can only be netted against capital gains the next year, and only against a small amount of income.
Not aware of any country that refunds if you lose money next year. Even carry forward tax losses have limits..