This comes as an unpleasant shock to many people every year. Please make note that if your refund takes too long to arrive (IRS delays, etc.) then you will also be agreeing that the TurboTax fees can be extracted from your bank account even before your refund is issued by the IRS. You have to be able to go through the Review section and get to the FILE section to choose how to receive your refund, and to be able to select pay from your federal refund.ĭo you mean you want to pay your TurboTax fees from your federal refund? If your federal refund will be enough to pay the software fees AND the extra $39.99 refund processing fee to have a third party bank process your refund then when you go through the Review section and next when you are in the FILE section you will be able to make that choice. It has to be offered to you, and you have to agree to the terms-which have changed since last year-so read some information-and pay attention to the details in the fine print … Īre all of your forms ready? Have you gone through the Review section yet? Click Review- if your forms are not ready you cannot go to the FILE section. The IRS will not begin to accept e-files until January 24. The money for the loan is not given to you until the IRS ACCEPTS your e-file. The refund loan will not be available until later in January when you can e-file your 2021 return. You must report income on a Form W-2, 1099-R, Sched C, or Sched CEZ.You aren’t filing on behalf of a deceased taxpayer.Your address must be located in one of the eligible states and can’t be a PO box or prison address Your physical address is listed on your tax return.You’re e-filing your federal tax return with TurboTax.You’re not a resident of North Carolina, Connecticut, or Illinois.Here are some of the eligibility requirements to qualify for a Refund Advance loan:
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