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New Member
posted Jun 1, 2024 10:21:05 AM

My return is just being processed I haven't paid turbo tax fees will I still get my direct deposit after turbo tax takes their money out?


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3 Replies
Level 15
Jun 1, 2024 10:32:45 AM

Yes if you selected to have the fees deducted from your federal refund.  And do you know there is an Extra $40 Refund Processing Service charge (45 in California)?  But if the IRS takes too long to send your refund you have to pay the fees yourself.

 

See What if the IRS reduces your refund or delays it.

https://ttlc.intuit.com/community/payments/help/what-if-my-federal-refund-isn-t-enough-to-cover-my-turbotax-fees/00/26313

 

Then when the IRS does send your refund they won't take the fees out again.

 

 

New Member
Jun 1, 2024 10:37:00 AM

I haven't paid the fees. It will come out and the rest will be sent to my account?

Level 15
Jun 1, 2024 11:16:05 AM

@pamham24 Did you choose "refund processing" when you e-filed?   

 

When you choose "refund processing"   TurboTax gets its fees when the IRS releases your refund.  Your refund goes to the third party bank.  The bank takes out your fees and then that bank sends the rest of the  federal refund to you.

 

 

How can I see my TurboTax  fees?   

https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online

 

What is Refund Processing Service?

 

 

 

 

Santa Barbara Tax Products Group, LLC  (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. This option also has an additional charge from the bank that processes the transaction. 

 

You can contact them SBTPG, toll-free, at 1-877-908-7228 or go to their secure website www.sbtpg.com 

https://ttlc.intuit.com/questions/2580357-who-provides-the-refund-processing-service