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Returning Member
posted Jan 20, 2020 7:54:36 AM

When will the refund advance be available for those with child credits?

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4 Replies
Level 15
Jan 20, 2020 7:56:53 AM

No one gets the loan until their return is accepted, and the IRS starts to accept on Jan. 27.

 

https://ttlc.intuit.com/questions/2938482-how-do-i-take-a-picture-of-my-w-2-in-turbotax-online

Level 1
Jan 20, 2020 8:03:58 AM

I understand that. I am just wondering if those that claim child credits will have to wait longer for the advance since the irs won't begin processing those until mid February. 

Level 15
Jan 20, 2020 8:10:15 AM

It is not that the IRS will not start processing returns with the additional child tax credit; it is that they will not issue refunds before mid-February if you are getting EIC or additional child credit. Not the same thing.  Even if they have processed your return they hold the refund.

 

The loan information does not make any reference to holding the loans if you are getting child credits.

So be on the lookout after Jan. 27 when your return could be accepted.  The loan could be released shortly after that.

Level 1
Jan 20, 2020 8:15:02 AM

Thank you!