turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Does turbo tax take out the fees you owe before they deposit or after its deposited?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

Does turbo tax take out the fees you owe before they deposit or after its deposited?

The fees for using TurboTax are taken out of your federal refund by a third party bank after the IRS releases your refund.  The bank removes the TT fees and forwards the rest to you, whether that is to a prepaid Visa or a bank account.  

If there is a problem and it takes too long for the IRS to release the refund, or if your refund is seized to pay a debt such as child support, etc.  TurboTax still must be paid.  So you signed an agreement to allow the fees to be taken out of your account if too much time passes from when you file to when the refund is issued.


https://ttlc.intuit.com/questions/1901364-why-was-my-bank-account-auto-debited-for-turbotax-fee...


**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.**

Does turbo tax take out the fees you owe before they deposit or after its deposited?

So the ach deposit that its showing. Is this all mine?

Does turbo tax take out the fees you owe before they deposit or after its deposited?

Yes, that is yours.  If you were having fees deducted that has already happened.
**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.**

Does turbo tax take out the fees you owe before they deposit or after its deposited?

Thank u!!!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies