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Level 2
posted Jan 28, 2022 11:39:41 AM

Denied for advance

Anyone else get denied for the advance after filing? Turbo shows it wasn’t approved but I still have not got an email telling me why. We were pre approved for 3,000 and then got denied after filing. Non of the reasons listed apply to us! Kind of annoying since we could have went they H&R and got approved!! 

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1 Replies
Level 15
Jan 28, 2022 11:42:40 AM

https://ttlc.intuit.com/community/refunds/help/important-offer-details-and-disclosures-about-refund-...

 

Not all consumers will qualify for a loan or for the maximum loan amount. If approved, your loan will be for one of ten amounts: $250, $500, $750, $1,000, $1,500, $2,000, $2,500, $3,000, $3,500, or $4,000. Your loan amount will be based on a portion of your anticipated federal refund to a maximum of 50% of that refund amount (minus any stimulus payment credit, also known as Recovery Rebate Credit). You will not receive a final decision of whether you are approved for the loan until after you file your taxes. Loan repayment is deducted from your federal tax refund and reduces the subsequent refund amount paid directly to you.