Redund advance

Forum|Forum|1 year ago
December 29, 2024
2 replies
12 views

I'm thinking about doing a refund advance on turbo tax this year. So I do the earned income credit and child tax credit so after I e file will I get the advance or will I have to wait till the end of February cause that's when they start accepting refunds with the child's tax credit

Mike9241

Level 15

if Turbotax follows what it has done in prior years, if you qualify for an advance, it will not be made until your return is accepted.

Mike9241

xmasbaby0

Level 15

Sorry…TurboTax does not have any refund advance loans at this time. For the past several tax seasons, there have been refund advance loans during January and February. The refund advance loans are not issued until the IRS accepts your e-file. The IRS will not be accepting e-files until sometime late in January.

https://turbotax.intuit.com/refund-advance/

And....if you are getting additional child tax credit or earned income credit, you will not get your refund until late February, per the PATH act.

**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.**

taxlady28

Level 10

This year when you efile your taxes it will ask how you want your refund to be paid. One option will be refund advance. You will chose refund advance and then open a Credit Karma checking account to receive the advance. Filing is not yet open so that option is not yet available.