I've filed my taxes and paid the fee to intuit turbotax out of my federal refund. Once the refund is sent by the irs, when will turbo tax release it to my bank via direct deposit?
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Please know that Turbo Tax is not responsible for releasing your funds. Turbo Tax simply submits your return to the IRS, who will either accept or reject it. However, if accepted, the IRS now has all the authority and decides when you will receive your refund, not Turbo Tax.
Once your tax return has been submitted, the most up to date information will come from the IRS.
It can take anywhere from a few days to 3 weeks to update. Until the IRS starts processing it on their own, you may not find a record of it or the website may say that you have put in incorrect information when tracking your federal refund. As your return moves through the system, the status of it will be updated accordingly. Continue checking the Where’s My Federal Refund? tool for updates.
Please see below for more information on what accepted means:
https://ttlc.intuit.com/community/return-status/help/what-does-accepted-mean/00/26285
See the video in this link for a really good explanation of the process:
https://www.refundschedule.com/irs-wheres-refund-status-bars-disappeared/
Thank you. However my question is regarding my choice to pay the turbo tax filing fee from my tax refund. Once turbo tax takes their fee, what is the average time for the balance to be deposited into my bank account?
It can take 1 to 5 days for your financial institution to deposit funds into your account.
If the status in Where’s My Refund? shows “Refund Sent”, the IRS has sent your tax refund to your financial institution for direct deposit. If you don't receive it in after 5 days then you should contact your financial institution.
Thank you again but is there someone additional to review my question. I'm aware of how the refund process works as well as expected time after funds are released to my bank.
I used my refund to pay for the turbo tax fee. Therefore my refund will go to turbotax first. How long does it take for turbo tax to send the rest to me?
It seems as if my very clear question is being willfully avoided.
Your refund does not come to TurboTax.
If you choose to have your TurboTax fee taken from your refund, that refund will be handled by Santa Barbara Tax Products Group (SBTPG) A Greendot Bank Company.
Here is information about getting help with your refund that is being handled by Santa Barbara Tax Products Group:
https://ttlc.intuit.com/community/refunds/help/who-provides-pay-with-my-refund/00/26410
How long does it take to get my refund from SBTPG?
Thank You.
To check the status of your return and get and update on when you should your return refer to the source provided below. It will guide you step by step on tracking your return.
https://turbotax.intuit.com/tax-tools/wheres-my-refund/
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