Monday, December 5, 2016

Is it Time for Income Tax Loans in Washington? Voters to Decide on Income Tax

Is it Time for Income Tax Loans in Washington? Voters to Decide on Income Tax


There are a few states, where the lucky residents pay no income taxes. These include Alaska, Florida, Nevada, South Dakota, Texas, Wyoming, and Washington. That may change for some residents in Washington, though, and that means more people could be in a position to take advantage of income tax loans.

Washington Residents Vote on Income Tax to Fund Education


The vote in Washington would add a 1.5 percent household income tax for residents of the state capital of Olympia earning a certain minimum income. The move is set to go to the vote and the revenue if it passes would be put to use for public college tuition for graduates of the city’s public high schools. The residents of the state have already rejected statewide income taxes multiple times. How this vote will go remains to be seen, but it could mean that more residents could use income tax loans.

What Are Income Tax Loans?


Our lenders offer a variety of personal loans, and that includes income tax loans. These loans are always available, because tax payers sometimes plan ahead and file early or they get extensions and file late. The loans are actually based on income, paycheck, job history, and a few other factors, but knowing that a tax refund will eventually be on the way helps many borrowers feel more comfortable about borrowing. You can use your tax refund check to repay the loan and totally erase the debt.

How to Get Income Tax Loans


Applying for and getting approved for income tax loans, whether you live in Olympia, Washington or anywhere else, is really easy. You can apply at any time, and from nearly anywhere. All you need is your smartphone. Use our convenient mobile app and you can apply in minutes, even when you’re riding the bus to work. The next steps are all up to your lender. As soon as we get the information from your application, we match you with a lender and that professional gets to work approving your loan and transferring the cash to your bank account.

Most borrowers end up getting the cash by the next morning, so when you apply for income tax loans, you get the money you need sooner than you would with any other kind of loan. Washington residents may just get a new and easy way to borrow money, a possible upside to having a new income tax on the books.