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Can someone tell me why we paid $25 for early deposit when they knew that our transcripts update with a date before wmr? I think we should all sue for false advertising

I have a full screen recording and they don’t mention anything about not being able to have updated information I paid my fees already so I have proof
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4 Replies

Can someone tell me why we paid $25 for early deposit when they knew that our transcripts update with a date before wmr? I think we should all sue for false advertising

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/when-to-expect-your-refu...

 

https://turbotax.intuit.com/early-tax-refunds/

 

Remember that the “”5 day early” date is based on the date given to you on the IRS refund site—-not the date the TT site shows in your account.   If your refund does not come in five days ahead of the IRS date, they are supposed to cancel the $25 fee.

 

 

You need your filing status, your Social Security number and the exact amount  (line 35a of your 2024 Form 1040) of your federal refund to track your Federal refund:   

https://www.irs.gov/refunds

 

**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.**
MindyB
Employee Tax Expert

Can someone tell me why we paid $25 for early deposit when they knew that our transcripts update with a date before wmr? I think we should all sue for false advertising

Yes, there is a delay in certain refunds that is impacting many taxpayers, but this will not impact the 5 days early option you paid $25 for. Taxpayers that claimed the Earned Income Tax Credit (EITC) and/or the Additional Child Tax Credit (ACTC) are experiencing delays in their refunds. ‌This is because the Protecting Americans from Tax Hikes Act (PATH Act) prevents the IRS from issuing early refunds (before mid-February) on any tax return that claims the EITC and/or ACTC.‌ It is anticipated that by February 22, the IRS’s Where’s My Refund tool will be updated.

 

If you paid for the 5 days early service, you will receive it. ‌If your federal refund is deposited into your selected bank account less than 5 days before the IRS refund settlement date (the date it would have arrived if sent from the IRS directly), then you will not pay the 5 days early fee.

 

Here's some more information on the 5 days early option: Your refund 5 days early, guaranteed

Can someone tell me why we paid $25 for early deposit when they knew that our transcripts update with a date before wmr? I think we should all sue for false advertising

Are u still standing by this answer? Because ma’am my date was the 19th AND I STILL DONT HAVE MY **bleep**N MONEY

RobertB4444
Employee Tax Expert

Can someone tell me why we paid $25 for early deposit when they knew that our transcripts update with a date before wmr? I think we should all sue for false advertising

Track your refund with TurboTax here.

 

Go here to figure out what direct deposit information you entered into your return when you filed.

 

@barnettebam 

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