We've all seen them - ads from tax preparation services about "instant refunds." This year, we are seeing the new "pay stub loan" being introduced to us, which offers more convenience than ever before, but at an incredibly high price.

These tax programs thrive because of those who are in such a hurry to get their money. To get our money even faster, many of us will once again turn to the promise of quick money solutions - in the form of short term loans at ungodly rates. The worst part is that if your preparer at Jackson Hewitt or H&R Block overestimates your refund, you end up even deeper in debt to them. The money lost on high fees and interest negates much, if not all, of the benefit of these quick cash loans.

However, we must not overlook other, much more efficient and less expensive, options that are available. The IRS website has a section of free filing alternatives which prove to be good options for many of us which will allow filers to have their money within a couple weeks. The Campaign for Working Families also offers some great solution for qualified taxpayers.

If you don't absolutely need instant money, don't go for the instant debt that comes with the instant refund.