In order to pay your TurboTax fees with your refund (what is know as a Refund Transfer), you will need to have a sufficient enough Federal refund to qualify. The bank fee for Refund Transfer is around $40, so your Federal refund will need to be more than your TurboTax fees plus the Refund Transfer amount. The state refund amount cannot be used to pay your TurboTax fees - only the Federal refund.
In addition:
- You must be e-filing your return, and
- Your refund must be deposited into a single account, and
- The name on the bank account for the direct deposit needs to match the name on the tax return, and
- You must have a US address
If all of these requirements are not met, you will not be able to qualify for a Refund Transfer.
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