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Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

 
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Level 1

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

It depends, TurboTax will begin offering an application for a cash advance (tax refund loan) in some returns.  It will show in the interview to File, at the end of the return. The TurboTax FAQ below has up-to-date information about the offer and the process.

https://ttlc.intuit.com/replies/6467221





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Level 1

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

It depends, TurboTax will begin offering an application for a cash advance (tax refund loan) in some returns.  It will show in the interview to File, at the end of the return. The TurboTax FAQ below has up-to-date information about the offer and the process.

https://ttlc.intuit.com/replies/6467221





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New Member

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

I am needing to see if I can borrow against my text for 2019

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Level 15

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?


@Kimmie444  wrote:

I am needing to see if I can borrow against my text for 2019


No one knows yet if TurboTax will be offering any type of Refund Advance on a 2019 tax return next year in 2020.

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Level 15

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

And if they do it is ONLY offered to a select few and ONLY once the IRS has opened up the filing season sometime in January.  The amount of the offered loan is small and you must be able to file the return before you are even eligible.  Don't hold your breath ... seek alternate methods to solve your situation. 

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New Member

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

 
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Level 15

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

@KEYKE1 Your message is blank.  Do you have a question?

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Level 1

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

Is TurboTax doing Tax Loans this year

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Level 15

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

@catalafckc

https://ttlc.intuit.com/community/refunds/help/about-refund-advance/00/27333#sh-collapse1

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Level 15

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

It's too early to get an Advance for 2019.  We don't know if they will offer Advances for 2019.  If they do, you can't apply for it.  Only if they offer it to you when you file.

 

Last year for 2018 returns the Refund Advance was only offered to select customers.  It was a prepaid Visa on which some qualified users could get a refund loan--but only after their tax returns have been filed and accepted by the IRS which won't be until late January.

 

Info on Tax Advance

https://ttlc.intuit.com/community/refunds/help/about-refund-advance/01/27333

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New Member

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

yes trying to get and advance loan

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Level 15

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

@joycejoyce1961 

 

 

REFUND ADVANCE

Last year for 2018 returns, certain qualified users were offered refund advance amounts on prepaid Visas at the time of e-filing, predicated on the amount of the refund and their returns being accepted by the IRS.  But it had to be offered--there was no way to opt in by request. If they offer a similar program for 2019 returns, do not expect to see it until January.  Since a return cannot be e-filed and accepted until the end of January, you could not receive a loan until early February at best.

 

https://ttlc.intuit.com/community/refunds/help/about-refund-advance/00/27333#sh-collapse1

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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Level 15

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?


@joycejoyce1961 wrote:

yes trying to get and advance loan


See this TurboTax support FAQ for an Advance on a 2019 tax refund - https://ttlc.intuit.com/community/refunds/help/about-refund-advance/01/27333

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New Member

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

So they offered it to me I was approved and it says deposits within an hour mostly. However I filed yesterday was accepted this am and I have yet to get the "advance" but there is no phone number to contact to find out what's going on? 

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New Member

Does TurboTax do the "Tax Advance thing"? If so, how do i do it?

I was pre approved and was told it would be available in one hour it been past that hour idk if this is typical or not but not a good start so far!!!