Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2019 11:23:10 PM

Does turbotax give advance loans????

0 23 5622
23 Replies
Level 15
Jun 5, 2019 11:23:12 PM

TurboTax does not offer "refund anticipation loans" in the classic sense.

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 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

Level 15
Nov 11, 2019 4:57:20 PM

@daltondebbie67 Your post is blank.  Do you have a question?

New Member
Nov 17, 2019 7:48:41 AM

Does turbo do advancement??

Level 15
Nov 17, 2019 7:58:53 AM

@Belinda 1969 

Not at this time, and we do not know if there will be any sort of refund advance when the tax season begins.  last year for 2018 returns, certain qualified users were offered refund advances on prepaid Visa cards, but the loan had to be offered to you--you could not self-select it.  We have no information at this time if the program or a similar one will be offered for 2019 returns--even if they have something, do not expect it until the end of January at the earliest.

New Member
Nov 17, 2019 8:01:12 AM

Ok was just wondering  thank you 

New Member
Nov 22, 2019 8:32:42 PM

Can i apply for advence loan

Level 15
Nov 22, 2019 8:54:52 PM

I doubt anyone will give you an Advance before the end of the year.  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

New Member
Dec 15, 2019 4:47:46 PM

Does turbo give advanced loans

Level 15
Dec 15, 2019 4:48:47 PM

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

New Member
Dec 16, 2019 6:53:19 PM

Does turbo tax have refund advance

Level 15
Dec 16, 2019 6:59:02 PM

@Margievaldez1013 You asked that question directly below the answer to your own question.  Read a thread before you post a question to it.  Return to the thread and scroll up from your own question.

Level 15
Dec 16, 2019 6:59:13 PM

NO ... read the other answers in this post. 

New Member
Dec 20, 2019 10:17:40 AM

Give loansin December?

 

Level 15
Dec 20, 2019 10:20:07 AM

NO!  Read the answers above.

New Member
Jan 18, 2020 8:15:58 AM

what tax forms are not allowed for the anticipated refund loan? 

Level 15
Jan 18, 2020 8:16:51 AM
Returning Member
Jan 28, 2020 10:51:32 AM

Does turbox give out advance loans

Intuit Alumni
Jan 28, 2020 11:00:05 AM

Yes, this Turbo Tax FAQ will provide information about the Refund Advance. 

https://ttlc.intuit.com/community/refunds/help/about-refund-advance/00/27333

New Member
Jan 29, 2020 1:38:28 PM

I picked the efile option yesterday. but changed my mind today after filing. can i step back and go with the loan offer?

Intuit Alumni
Jan 29, 2020 1:46:37 PM

No, you cannot any changes to the return that you e-filed, Once it has been submitted, you no longer have the option to apple for the Refund Advance. 

 

Please click the TurboTax Help link, listed below to learn more. 

https://ttlc.intuit.com/community/e-file/help/can-i-cancel-a-pending-return/00/25957

New Member
Feb 4, 2020 4:44:29 PM

If I get the card by mail, does that means I will get the advanced loan?

Level 15
Feb 4, 2020 4:48:32 PM

No it does not. 

Intuit Alumni
Feb 4, 2020 4:53:31 PM

@Eggie88 not necessarily.  If you applied for a Refund Advance but don't qualify, you'll receive an email confirming you won’t receive a Refund Advance. It will include information about why you were not eligible for a Refund Advance. Your federal refund will be loaded onto a Turbo Visa Debit Card.

 

Refer to the following TurboTax FAQ for additional information:  About the Refund Advance application process - Community