Advance Tax Refund Provider Raises Loan Limit Due to High Inflation

The Internal Revenue Service (IRS) headquarters building is seen in the Federal Triangle section of Washington, D.C., on April 27, 2020. Chip Somodevilla/Getty Images

The Santa Barbara Tax Products Group, an advance tax refund provider, is raising its loan limit to take into account higher-than-average inflation.

As tax season approaches, the rise in the cost-of-living expenses has placed a heavy burden on millions of American families nationwide.