Refundo: Mild-mannered software programmers by day, superheroes by night?
The needs of the ordinary taxpayer — especially the underbanked and unbanked — have for too long now gone unmet. Junk fees, hidden costs, and exorbitant rates for routine tax preparations act as financial disincentives for those who would otherwise save or invest and needlessly penalize those who are just trying to make ends meet. To make matters worse, the ones hardest hit by these unnecessary charges are often those who can least afford it. A recent study by the US Treasury Department has found that the people most reliant on Refund Anticipation Checks (RACs) and Refund Anticipation Loans (RALs) to get quick cash are single parents, young adults, immigrants, active military personnel, and the working poor.