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imanih143
New Member

To apply for the refund advance, do I need to use my 2019 W2 or my 2020 W2?

 
3 Replies
DoninGA
Level 15

To apply for the refund advance, do I need to use my 2019 W2 or my 2020 W2?

Only a 2020 W-2 can be entered on a tax year 2020 return.  The 2020 federal tax return has to be completed and filed before you are eligible for a tax refund advance.

 

TurboTax website for refund advance information - https://turbotax.intuit.com/refund-advance

xmasbaby0
Level 15

To apply for the refund advance, do I need to use my 2019 W2 or my 2020 W2?

TurboTax will be offering a refund advance loan —but not until January.  And you do not get the money until the e-file has been ACCEPTED by the IRS.You also have to agree to receive your refund on the prepaid TurboTax Visa.

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

**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.**
xmasbaby0
Level 15

To apply for the refund advance, do I need to use my 2019 W2 or my 2020 W2?

If you have a 2019 W-2 and have not filed your 2019 tax return you either need to amend your 2019 return to include that income, or you still need to prepare a 2019 return.  You cannot get a refund advance loan based on a 2019 tax return now.

 

Do you need information on how to prepare and file a 2019 return?  You cannot prepare it using the online software.  Online is only for 2020 returns--no other year.

**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.**
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