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posted Jun 3, 2019 1:14:00 PM

The IRS has sent our check to our bank when dose your fees come out and we get our money?

The IRS website we checked it said we should of of gotten our check deposited on February 27,1019. How long dose it take for turbo tax to take their fees and release our money to our bank? Today is March 1, 2019

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1 Best answer
Level 15
Jun 3, 2019 1:14:01 PM

It can take your bank (or the card issuer) 1-5 days to credit the deposit.  If you are having TT fees deducted from your Federal refund, this can add a day or so.

More generally, the IRS issued a slew of refunds on Wednesday, Feb 27 (2 days ago).  It's likely that banks (including the one that takes out TT fees) are dealing with a large quantity of incoming deposits in their pipelines.  This can result in delays.

TT does not receive tax refunds.


1 Replies
Level 15
Jun 3, 2019 1:14:01 PM

It can take your bank (or the card issuer) 1-5 days to credit the deposit.  If you are having TT fees deducted from your Federal refund, this can add a day or so.

More generally, the IRS issued a slew of refunds on Wednesday, Feb 27 (2 days ago).  It's likely that banks (including the one that takes out TT fees) are dealing with a large quantity of incoming deposits in their pipelines.  This can result in delays.

TT does not receive tax refunds.