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The IRS told me that my refund was released to turbo tax account this morning. When will it be put into my bank account?

 
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1 Reply
GinaTM
New Member

The IRS told me that my refund was released to turbo tax account this morning. When will it be put into my bank account?

This will be the process that takes place after you file your returns:

  • Tax return is transmitted from TurboTax to the IRS.
  • The IRS processes the tax return and approves the refund.
  • If you picked the option to have your TurboTax fee's deducted from your refund then the IRS sends the refund to Santa Barbara Tax Products Group (SBTPG). It can take up to 21 days for the refund to be sent to Santa Barbara Tax Products Group (SBTGP).
  • SBTPG removes the fees (Their processing fee of$34.99 and the TurboTax fees). Then the remainder of the refund is deposited into the bank account or on a money card (like Netspend, Green Dot, etc.).
  • Receive the refund in your bank/financial institution.
check your refund status at: Also, check here http://support.sbtpg.com/hc/en-us/categories/200405668-I-M-A-TAXPAYER  for additional refund information
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