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Level 1
posted Feb 21, 2025 4:46:39 AM

Why is Turbo Tax not depositing funds when IRS updated with 2/26/25 date already?

I received my IRS 846 Refund date for deposit I opted into the 5 days early why is there no update on here? Turbo Tax offered the 5days early and I am not seeing anyone with it yet when will it go to bank?

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1 Replies
Expert Alumni
Feb 26, 2025 1:52:38 PM

If TurboTax sent you an email saying that you had qualified for the up to five days early refund deposit then you should receive your refund up to five days before the IRS says they will deliver the refund to your account.  This means that the IRS has to notify TurboTax of your deposit date and then TurboTax will process your refund ahead of that date and keep the $25 fee.  If TurboTax is unable to process your refund ahead of that date the $25 fee will be returned to you.

 

@rmclellan1985