Solved: Does turbo tax give you early advance loans like Jackson Hewitt and H&R Block
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Does turbo tax give you early advance loans like Jackson Hewitt and H&R Block

 
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Level 15

Does turbo tax give you early advance loans like Jackson Hewitt and H&R Block

No, TurboTax does not offer the usual "refund anticipation" loan.  It's testing a new option for some filers, however.  

TurboTax will have a test program for a "Refund Advance" which may be offered to certain users who efile their returns and choose to have their refunds deposited to a Turbo Prepaid VISA Card.  The Refund Advance is a 0% loan in increments of $250 up to $1,000.   That advance is not available until after one has efiled the return and the IRS has accepted it.  You can read more at this link, but there is no way to self-select into the Refund Advance offer.   Some users will see the option show up on the screen where they choose how they want to receive their refund.

Additional terms and restrictions apply.  See this FAQ for more info:

https://ttlc.intuit.com/questions/4159588-about-the-turbo-prepaid-visa-card-and-refund-advance

View solution in original post

1 Reply
Level 15

Does turbo tax give you early advance loans like Jackson Hewitt and H&R Block

No, TurboTax does not offer the usual "refund anticipation" loan.  It's testing a new option for some filers, however.  

TurboTax will have a test program for a "Refund Advance" which may be offered to certain users who efile their returns and choose to have their refunds deposited to a Turbo Prepaid VISA Card.  The Refund Advance is a 0% loan in increments of $250 up to $1,000.   That advance is not available until after one has efiled the return and the IRS has accepted it.  You can read more at this link, but there is no way to self-select into the Refund Advance offer.   Some users will see the option show up on the screen where they choose how they want to receive their refund.

Additional terms and restrictions apply.  See this FAQ for more info:

https://ttlc.intuit.com/questions/4159588-about-the-turbo-prepaid-visa-card-and-refund-advance

View solution in original post

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