My federal return was accepted/received 1/21 around 11am PST. Should I expect to receive my advance portion within the next day (1/22 or 1/23),or should I expect to have to wait until the 27th? I keep seeing that date pop up for when the IRS supposedly starts accepting returns.
First your return has to be accepted by the IRS; some of loan money is available within 48 hours AFTER that
Your return is still in pending on the server because the IRS will not begin to accept/reject/process returns until January 27. Only a few returns were accepted early in a test batch. Everyone else has to wait.
So watch your emails and spam folder to make sure you know after Jan. 27 if your return was accepted or rejected.
Please read this thoroughly and click on the relevant links:
You might be amazed at the number of users who confuse the email that their return was "transmitted" does not mean "accepted" or "approved." Do not take it personally.
In the past 24 hours I have replied to over 100 users who did not understand the terms of the refund loan.
The loan is supposed to become available within 48 hour of IRS acceptance of your return.
If that's the case for you, I'm fairly certain mine was in that tiny minority.
Pretty crazy, I never win anything. I finished second place in four consecutive spelling bees in grade school. Now a refund advance four days early?