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New Member
posted Jan 23, 2020 9:08:56 AM

Will I still receive my advance if I claim eitc?

0 1 283
1 Best answer
Level 15
Jan 23, 2020 9:13:19 AM

The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or debit cards starting February 27, 2020, if these taxpayers chose direct deposit and there are no other issues with their tax return.

 

If you elected to take TurboTax's Refund Advance see the following

 

If you are eligible and choose a TurboTax Refund Advance, there are 3 easy steps to follow:

  • Right before you file, choose Refund Advance†for your refund option.
  • If approved, you can usually start spending online within one hour. Your physical Turbo® Visa® Debit Card will arrive in 5-10 business days. Visa® is accepted in the U.S., and TurboTax Refund Advance is available in amounts of $250, $500, $750, $1,000, $1,500 and $2,000. And, know that your credit will not be affected if you choose to use the advance refund.
  • Once the IRS processes your return, the remainder of your refund (minus the Refund Advance amount) will be loaded onto your Turbo Card – this is usually within 21 days.

1 Replies
Level 15
Jan 23, 2020 9:13:19 AM

The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or debit cards starting February 27, 2020, if these taxpayers chose direct deposit and there are no other issues with their tax return.

 

If you elected to take TurboTax's Refund Advance see the following

 

If you are eligible and choose a TurboTax Refund Advance, there are 3 easy steps to follow:

  • Right before you file, choose Refund Advance†for your refund option.
  • If approved, you can usually start spending online within one hour. Your physical Turbo® Visa® Debit Card will arrive in 5-10 business days. Visa® is accepted in the U.S., and TurboTax Refund Advance is available in amounts of $250, $500, $750, $1,000, $1,500 and $2,000. And, know that your credit will not be affected if you choose to use the advance refund.
  • Once the IRS processes your return, the remainder of your refund (minus the Refund Advance amount) will be loaded onto your Turbo Card – this is usually within 21 days.