It depends, TurboTax will begin offering an application for a cash advance (tax refund loan) in some returns. It will show in the interview to File, at the end of the return. The TurboTax FAQ below has up-to-date information about the offer and the process.
https://ttlc.intuit.com/replies/6467221
I am needing to see if I can borrow against my text for 2019
@Kimmie444 wrote:
I am needing to see if I can borrow against my text for 2019
No one knows yet if TurboTax will be offering any type of Refund Advance on a 2019 tax return next year in 2020.
And if they do it is ONLY offered to a select few and ONLY once the IRS has opened up the filing season sometime in January. The amount of the offered loan is small and you must be able to file the return before you are even eligible. Don't hold your breath ... seek alternate methods to solve your situation.
It's too early to get an Advance for 2019. We don't know if they will offer Advances for 2019. If they do, you can't apply for it. Only if they offer it to you when you file.
Last year for 2018 returns the Refund Advance was only offered to select customers. It was a prepaid Visa on which some qualified users could get a refund loan--but only after their tax returns have been filed and accepted by the IRS which won't be until late January.
Info on Tax Advance
https://ttlc.intuit.com/community/refunds/help/about-refund-advance/01/27333
REFUND ADVANCE
Last year for 2018 returns, certain qualified users were offered refund advance amounts on prepaid Visas at the time of e-filing, predicated on the amount of the refund and their returns being accepted by the IRS. But it had to be offered--there was no way to opt in by request. If they offer a similar program for 2019 returns, do not expect to see it until January. Since a return cannot be e-filed and accepted until the end of January, you could not receive a loan until early February at best.
https://ttlc.intuit.com/community/refunds/help/about-refund-advance/00/27333#sh-collapse1
@joycejoyce1961 wrote:
yes trying to get and advance loan
See this TurboTax support FAQ for an Advance on a 2019 tax refund - https://ttlc.intuit.com/community/refunds/help/about-refund-advance/01/27333
So they offered it to me I was approved and it says deposits within an hour mostly. However I filed yesterday was accepted this am and I have yet to get the "advance" but there is no phone number to contact to find out what's going on?
I was pre approved and was told it would be available in one hour it been past that hour idk if this is typical or not but not a good start so far!!!
Please review this link for additional information on Turbo Tax Refund Advance: https://ttlc.intuit.com/community/refunds/help/about-receiving-your-refund-advance/00/27510
Yes, Refund Advance is Available. Please see the following Turbotax FAQ: https://ttlc.intuit.com/community/refunds/help/about-the-refund-advance-application-process/00/25557
They only offer it on there TurboTax cards which will come in the mail and then you will receive the rest of your refund on that same card if you set up direct deposit you skipped over the option I hope this helps
I haven’t received my advance and the IRS accepted mine on 1/29/2020
You’ll receive your Refund Advance virtual card info within 1 hour of the IRS accepting your e-filed return, by email. You should receive your refund advance funds within 48 hours of the IRS accepting your return.
https://ttlc.intuit.com/community/refunds/help/about-receiving-your-refund-advance/00/27510
I still haven’t received my advance and It was accepted on 1/29/2020
Typically your funds are ready within within 1 hour of the IRS accepting your e-filed tax return, but it could take longer. Check out this FAQ regarding When you should get your advance!
This is my 3rd consecutive year with TurboTax online and previous years I wasn't eligible when I tried to apply for it. But this year they offered the loan to me. I got $250. {That's the lowest amount.) That day! They give u a temp card # to use online until your physical card comes in the mail . Which took about a week.