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New Member
posted Dec 7, 2022 7:29:56 PM

Can we file for a tax advance on our refund yet, and if so what information do I need to have?

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4 Replies
Level 15
Dec 7, 2022 7:33:29 PM

No not now.  Not until late January when the IRS opens Efiling and then only if Turbo Tax offers it to you.  You can't ask for it.  

New Member
Dec 7, 2022 9:52:43 PM

So, no advance on our taxes like it was last year?  Not filing my taxes period right now of course we can't, but there's NO cash advance on our taxes? What are we supposed to do for the holidays and to make mends meet?

Level 15
Dec 8, 2022 4:53:05 AM

@brandy_humphrey0 - if you think you are getting a refund, another idea is toadjust the paycheck withholdings. that way the money is received over the course of the year...doing a tax advance loan is VERY expensive. 

Level 15
Dec 8, 2022 5:25:37 AM

@brandy_humphrey0 

 

Sorry you having end of year  budgeting issues but TT has NEVER done any pre filing income tax loans and they will never do them.  They only offer an advance on the refund expected but only once your return can be efiled and the IRS has accepted the efiled return for processing which is not the same as just the initial efiling.  The date the IRS will start accepting returns has not been posted yet but is expected to be mid to late January based on the prior years.  

 

So if you want a "holiday loan" you will need to look elsewhere for one.