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Level 2
posted Feb 10, 2020 9:10:21 AM

Re paying back my Refund Advance

Just cerous, im getting 420 back from CA State, took 750 advance, will turbo tax take the 420 to apply it to my advance or will they wait tell my IRS refund to get direct deposit, CA already approved my Refund and irs still processing i believe IRs we issue by the end of tbe week 

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1 Best answer
Level 15
Feb 10, 2020 9:13:21 AM

TurboTax will take the loan amount out of your Federal refund before you get your direct deposit, then they will issue you the remaining refund amount.

4 Replies
Level 15
Feb 10, 2020 9:13:21 AM

TurboTax will take the loan amount out of your Federal refund before you get your direct deposit, then they will issue you the remaining refund amount.

Level 2
Feb 10, 2020 9:21:49 AM

So State will be deposited into my account, but turbo wont take it, only IRS 

Level 15
Feb 10, 2020 9:32:28 AM

Correct, you will receive your full State refund.  The loan repayment only comes out of your Federal refund.

Level 2
Feb 10, 2020 9:36:30 AM

Thank you