Why am I paying a refund processing fee?

4 replies
47 views

I chose to have it direct deposited into my credit karma account and it states there are no fees but when I checked it charged me a 40.00 refund processing fee.

DoninGA

Level 15

See this TurboTax support FAQ for removing Refund Processing - https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/remove-pay-refund-fees-turbotax-online-change/L7UxC6ZZp_US_en_US?uid=m697ztei

jimw34

Level 2

Why am I paying a $40 refund processing fee?

LenaH

Alumni - Expert

The $40 refund processing fee is charged when you pay your TurboTax fees with your federal refund. Click here to learn more.

@jimw34

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xmasbaby0

Level 15

There is not a fee to e-file your tax return or to have direct deposit of your refund.

Did you choose to pay for using TurboTax by having the fee taken out of your federal refund? That means you will pay an EXTRA FEE of $40 ($45 in CA) to have a third party bank receive your refund from the IRS, take out enough to pay TT, and then send you the rest of the refund. ( The third party bank keeps the $40 or $45 fee for itself.)

You do not have to do that. Pay upfront BEFORE you file --- pay using a credit or debit card.

REMOVE REFUND PROCESSING FEE

https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/remove-pay-refund-fees-turbotax-online-change/L7UxC6ZZp_US_en_US?uid=m6r4xelq

What is Refund Processing Service?

How can I see my TurboTax fees?

https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**