You'll need to sign in or create an account to connect with an expert.
Yes the bank is just processing or clearing it bro
You should read the rest of what it says on the IRS site about your direct deposit--the part about allowing up to 5 business days for the deposit to post to your account. And if you requested to have your TurboTax fees deducted from your federal refund, you can expect it to take a couple of extra days while the third party bank extracts your fees and sends the rest to you.
And did they deposit it the next day because I'm having the same issue
When did you receive your refund after this problem? Mine is doing the same thing
The IRS issues most refunds in about 21 days, although some returns take more time to review. So the total timeframe from start to finish, the IRS estimates around 21 days. Unfortunately, there is no specific time once approved, to when the IRS will send the refund. TurboTax does not receive any updates from the IRS, once your return is accepted.
Also, once your refund status on the IRS shows "Refund Sent" it can take 1 to 5 business days for the financial institution to deposit funds into your account.
The IRS is preparing my refund for deposit what does that mean and am I about to get it
@Mario42c That means that your refund is being processed by the IRS and that you should be receiving it soon. For an estimated date, keep track of your refund on the "Where's My Refund?" tool here: https://www.irs.gov.refund
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
maxium222
New Member
reynon24
New Member
sh-rezp1992
New Member
allendwilliams19
New Member
mrslady313-
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.