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New Member
posted Jan 1, 2024 9:16:04 AM

Is TurboTax advance available now?

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2 Replies
Level 15
Jan 1, 2024 9:17:22 AM

Not yet.

 

Refund advance loans are not available from TurboTax at this time.   TurboTax’s loan program typically starts in January and ends in mid-February.   Your tax return cannot be filed until later in January.   One of the options you can select when you are ready to file is to get a refund advance loan,    You do not receive any money until your e-file has been accepted by the IRS—-and the IRS will not begin to accept e-files until at least mid to late January.

 

And…..do not try to prepare a tax return without ALL of your income documents; you must include every 2023 W-2 on the same tax return.  Employers have until the end of January to issue W-2’s.   Wait until you have all of your W-2’s.  Clients, schools, banks and other financial institutions may not have tax documents available until early February.  ALL of your tax documents must be entered on the same Form 1040; do not file unless you have entered everything.

Level 15
Jan 1, 2024 9:18:51 AM

If you are eligible the 2023 tax refund advance will be available after you have completed your tax return.

See this TurboTax support FAQ for a refund advance - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/offer-details-disclosures-refund-advance-program/L4ljXp6TI_US_en_US?uid=lqv6pq22