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davidhmomo
New Member

I saw TurboTax offers TAC loans now on their turbo card. Is this true?

Tax not tac
1 Best answer

Accepted Solutions
MichelleT
Level 2

I saw TurboTax offers TAC loans now on their turbo card. Is this true?

 TurboTax FAQ

 Getting to know the Turbo Prepaid Visa® Card:

From <https://ttlc.intuit.com/questions/4129819-getting-to-know-the-turbo-prepaid-visa-card>

 https://ttlc.intuit.com/replies/6394896


NetSpend is not available this year. This year TurboTax is offering the Turbo Prepaid Visa Card. To learn more about this option, see below.

 From <https://ttlc.intuit.com/questions/4181147-i-filed-thru-free-turbo-but-it-did-not-give-me-an-option-o...


**1Important offer details and disclosures:

Cash Advance is a loan based upon your refund and is not the refund itself. To apply for the Cash Advance, you must file your taxes with TurboTax. Availability of the Cash Advance is subject to satisfaction of identity verification, certain security requirements, eligibility criteria, and underwriting standards. Cash Advance is provided by First Century Bank, N.A. Member FDIC not affiliated with Intuit or Green Dot Bank.

Separate fees apply if the taxpayer selects a Refund Transfer. A Refund Transfer is not required for the cash advance loan.

Not all consumers will qualify for a loan or for the maximum loan amount. If approved, your loan will be one of four amounts: $250, $500, $750 or $1,000. You will not be made aware of whether you are approved for the Loan until after you file your taxes. Loan repayment is deducted from your federal tax refund and reduces the subsequent refund amount paid directly to you.

Fees may apply for other products and services.

Available for a limited time.

Your loan proceeds will be placed on a Turbo Prepaid Visa Card issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. You may access your loan proceeds by multiple methods without paying additional fees. Find fee-free ATMs to withdraw cash by logging into your account at TurboPrepaidCard.com. Additional card fees may apply.

You will not be eligible for the offer if: (1) your physical address: is located outside of the United States or is in a U.S. territory, a PO box or located in a prison, (2) your physical address or the tax returns you are filing are for one of the following states or the District of Columbia: AL, AK, AR, CO, CT, DE, HI, IA, ID, IL, LA, MD, ME, MI, MN, MT, NC, ND, NE, NH, NJ, NV, NY, OK, OR, PA, RI, SD, TN, TX, VA, VT, WA, WI and WY, (3) you are less than 18 years old, (4) the tax return is on behalf of a deceased person, (5) you are filing Forms 1310, 1040SS, 1040PR, 1040X, 8888, or 8862, (6) your expected federal refund amount is less than $1,000, or (7) you are using any of our tax products where a professional is completing your taxes. You also must be approved by Green Dot Bank to receive a Turbo Prepaid Visa Card.

If you are approved for a loan, your tax refund after deducting the amount of your loan and minus any agreed upon fees will be placed on a Turbo Prepaid Visa Card. If you apply for a loan and are not approved your tax refund will be placed on a Turbo Prepaid Visa Card, minus any applicable fees.

From <https://ttlc.intuit.com/questions/4159631

View solution in original post

4 Replies
Eugenerodriguez
New Member

I saw TurboTax offers TAC loans now on their turbo card. Is this true?

So if I ready filed my return and irs
 accepted can I get a loan til I gety refund
MichelleT
Level 2

I saw TurboTax offers TAC loans now on their turbo card. Is this true?

 TurboTax FAQ

 Getting to know the Turbo Prepaid Visa® Card:

From <https://ttlc.intuit.com/questions/4129819-getting-to-know-the-turbo-prepaid-visa-card>

 https://ttlc.intuit.com/replies/6394896


NetSpend is not available this year. This year TurboTax is offering the Turbo Prepaid Visa Card. To learn more about this option, see below.

 From <https://ttlc.intuit.com/questions/4181147-i-filed-thru-free-turbo-but-it-did-not-give-me-an-option-o...


**1Important offer details and disclosures:

Cash Advance is a loan based upon your refund and is not the refund itself. To apply for the Cash Advance, you must file your taxes with TurboTax. Availability of the Cash Advance is subject to satisfaction of identity verification, certain security requirements, eligibility criteria, and underwriting standards. Cash Advance is provided by First Century Bank, N.A. Member FDIC not affiliated with Intuit or Green Dot Bank.

Separate fees apply if the taxpayer selects a Refund Transfer. A Refund Transfer is not required for the cash advance loan.

Not all consumers will qualify for a loan or for the maximum loan amount. If approved, your loan will be one of four amounts: $250, $500, $750 or $1,000. You will not be made aware of whether you are approved for the Loan until after you file your taxes. Loan repayment is deducted from your federal tax refund and reduces the subsequent refund amount paid directly to you.

Fees may apply for other products and services.

Available for a limited time.

Your loan proceeds will be placed on a Turbo Prepaid Visa Card issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. You may access your loan proceeds by multiple methods without paying additional fees. Find fee-free ATMs to withdraw cash by logging into your account at TurboPrepaidCard.com. Additional card fees may apply.

You will not be eligible for the offer if: (1) your physical address: is located outside of the United States or is in a U.S. territory, a PO box or located in a prison, (2) your physical address or the tax returns you are filing are for one of the following states or the District of Columbia: AL, AK, AR, CO, CT, DE, HI, IA, ID, IL, LA, MD, ME, MI, MN, MT, NC, ND, NE, NH, NJ, NV, NY, OK, OR, PA, RI, SD, TN, TX, VA, VT, WA, WI and WY, (3) you are less than 18 years old, (4) the tax return is on behalf of a deceased person, (5) you are filing Forms 1310, 1040SS, 1040PR, 1040X, 8888, or 8862, (6) your expected federal refund amount is less than $1,000, or (7) you are using any of our tax products where a professional is completing your taxes. You also must be approved by Green Dot Bank to receive a Turbo Prepaid Visa Card.

If you are approved for a loan, your tax refund after deducting the amount of your loan and minus any agreed upon fees will be placed on a Turbo Prepaid Visa Card. If you apply for a loan and are not approved your tax refund will be placed on a Turbo Prepaid Visa Card, minus any applicable fees.

From <https://ttlc.intuit.com/questions/4159631

View solution in original post

SweetieJean
Level 15

I saw TurboTax offers TAC loans now on their turbo card. Is this true?

Some users are posting that they did indeed request a NetSpend card.  Since  the TT VISA card is not available in several states, is there no card option at all for those users?
davidhmomo
New Member

I saw TurboTax offers TAC loans now on their turbo card. Is this true?

I filled my taxes last Friday the 26th, I did not know about this option until today. I'm a still able to get s tax advance  since I've filed or is it to late?
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