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seedeno21
New Member

Hello, I was wondering once the IRS sends the funds to Turbo Tax, how long does it take for the processing and release of funds?

The IRS has already approved the refund, and the deposit date is today but I received an email from Turbo stating that it's been received and now being processed.
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1 Reply
NicolleR1
Employee Tax Expert

Hello, I was wondering once the IRS sends the funds to Turbo Tax, how long does it take for the processing and release of funds?

There is a few reasons why you might experience a delay after a Direct Deposit date has been given:

 

  • Bank account information provided is wrong. (Check the routing and account number you entered); if the bank information is wrong the IRS will issue a paper check instead. Contact the IRS IRS Contact Page
  • There might be a delay within your bank (contact your bank)
  • You paid your TurboTax fees with your refund (this might cause a delay while the banks do a split transaction between your refund and the preparation fee)
  • There was a refund offset What is a refund offset?

This is just some general information, Keep in mind that once your return is accepted for processing by the IRS and/or State TurboTax has no control over the processing of your return and/or release of your refund. If you have any inquiries regarding any delay you should contact the IRS or your state Department of revenue directly for further assistance.

 

There is a couple of FAQs to help you track your refund

When will I get my federal tax refund?

How do I track my state refund?

Why does Where's My Refund say "approved" but TurboTax still says "accepted"?

Why do some refunds take longer than others?

What if my IRS refund is taking longer than 21 days?


 

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