LOANS
TurboTax is offering refund advance loans to those who qualify. If you qualify the loan is offered at the time that you file your tax return.
You do not get the money until the 2020 e-file has been ACCEPTED by the IRS.
https://turbotax.intuit.com/refund-advance/
The IRS will begin to accept/reject 2020 returns on February 12, 2021.
If you were approved for a tax refund advance then you have to wait for the IRS to accept your 2020 federal tax return.
The IRS will not be accepting or rejecting any 2020 federal tax return until February 12, 2021
Read the fine print at this link : https://turbotax.intuit.com/refund-advance/
†Offer details and disclosures for the Refund Advance program
Yes it said I was approved of 2000 dollars I haven’t received anything and that was Friday
Even though Turbo Tax approved it they don't send it to you until the IRS Accepts your tax return which won't be until the IRS starts taking returns on Feb 12. Sorry you have to keep waiting.
Is there anyway I can cancel my taxes through turbo tax because my sister was approved just like I was an she had money to spend and that was after I filed so how in the hell i cant
If you already e-filed a tax return it cannot be cancelled. Your return is sitting in pending and you have to wait. If you attempt to e-file from somewhere else, the return will be rejected. You cannot e-file twice.
MY RETURN IS IN PENDING—what does that mean?
Did you e-file? Did you click that big orange button that said “Transmit my returns now?” If so, your return is now in “pending” on a server. Do not try to change anything while your return is in pending.
The IRS will not be accepting/rejecting 2020 returns until Friday, February 12, 2021. You need to watch your emails for the acceptance/rejection notice that may take until the end of the month to arrive in your inbox. And watch your spam folder too.
When you e-file your federal return you will receive two emails from TurboTax. The first one will say that your return was submitted. The second email will tell you if your federal return was accepted or rejected. If you e-filed a state return, there will be a third email to tell you if the state accepted or rejected your state return.
A state return cannot be accepted until the federal return has been accepted.
If your sister was pulled and accepted in one of the test batches then she could have gotten the advance already. Not all early filers will be pulled in a test batch so until your return is accepted for processing the advance will not be released ... read the fine print posted in the other answer in this thread.
That has nothing to do with a [removed] advance I’m highly upset because I was approved
@khlia23 wrote:
I was APPROVED
If you were approved for a tax refund advance then you have to wait for the IRS to accept your 2020 federal tax return.
The IRS will not be accepting or rejecting any 2020 federal tax return until February 12, 2021