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The IRS pays whenever they pay.  They only pay to a bank account that has your name and SSN on it.  To use refund processing, SBT bank opens an account in your name, receives the direct deposit, takes the fees, and sends the rest to your regular bank.  This should take 1-2 extra business days.  But the IRS does not change their deposit date based on whether you have a Bank of America checking account or an SBT checking account.  

@curlytwotoes wrote: Thanks @Opus 17.   Instead of taking the 10% penalty for withdrawing the excess $1000 in 2025, could I just leave it in the account and then just take another 6% penalty for keeping the excess funds in the account? I figure 6% is better than 10%, no? Or am I completely wrong about that?   Yes, you could do that.  It depends on what you plan to do in 2026 (next year).  As long as you contribute $1000 less than your Roth maximum contribution in 2026, this $1000 excess can be applied to the 2026 contribution limits.  That will zero it out (use it up) and you would pay 6% this year and nothing next year.     The problem is defining "your Roth IRA maximum contribution" for 2026.  I see you are doing backdoor Roth contributions.  If you are doing this because you are over the limit to make Roth IRA contributions, then your Roth IRA contribution limit is zero.  That means that even if you contribute less than the full allowable limit of $7000 to the traditional IRA, the unused limit will not flow to the Roth IRA section of form 5329, and in that case, you will pay another 6% penalty next year, and every year after, until you can either apply the excess to your Roth IRA limit (if your income drops) or you withdraw it.     (If you had an excess contribution in a traditional IRA, you could contribute less than your maximum to a traditional IRA and use up the prior excess.  Or, if your income is low enough to allow at least $1000 of Roth IRA contribution, then you can apply the prior excess to your 2026 limit.  But if your 2026 Roth limit is zero, this doesn't work.)

This is the user forum in which we answer questions about preparing income tax returns and about use of the TurboTax income tax software.  Your question is not an income tax question, nor are you asking about TT software.

The IRS does not know or care if you chose "refund processing."   The IRS is in control of how long it takes them to process your return, regardless of how you pay your software fees.  Choosing refund processing might cause a delay of a day or so once the third party bank receives your refund from the IRS. What is Refund Processing Service?         Santa Barbara Tax Products Group, LLC  (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. This option also has an additional charge from the bank that processes the transaction.    You can contact them SBTPG, toll-free, at 1-877-908-7228 or go to their secure website www.sbtpg.com   

If you choose to pay your TurboTax fees by having them deducted from your federal refund instead of paying upfront before you e-file, you may experience a delay of an extra day or two while the third party bank receives your refund from the IRS, takes out your TT fees and sends the rest of the refund to your bank account. What is Refund Processing Service?         Santa Barbara Tax Products Group, LLC  (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. This option also has an additional charge from the bank that processes the transaction.    You can contact them SBTPG, toll-free, at 1-877-908-7228 or go to their secure website www.sbtpg.com   

@elgato81 you can make this simpler.   1) Take Line 24 of form 1040 on your 2024 tax return.  That is your tax liability. 2) and subtract Line 25d. That is your withholdings.   divide the result by 4.  All things being the same in 2025 as they were in 2024, THAT will cover the Amount Due if you pay that amount quarterly.   HOWEVER, the problem is the payments are due April 14, 2025; June 15, 2025; Sept 15, 2025 and January 15, 2026.  The first two payments are already past due and will drive an under payment penalty comes next April.  Best to make those first two payments TODAY which will cut off the underpayment penalties.

No.   TurboTax does not have your W-2.    W-2's come from employers.  There is not a federal or national website that provides W-2’s.     TurboTax does not have a copy of your W-2—the Wage & Tax Statement—issued to you by your employer, (nor does TurboTax have copies of your 1099’s).   You should always save those documents for your own records. You could ask the employer(s) for copies or you can get a copy from Social Security (for a fee of $62).   To get a copy of a W-2 from Social Security https://faq.ssa.gov/en-us/Topic/article/KA-02501   https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-answers/irs-procedures/transcript-or-copy-of-form-w-2/transcript-or-copy-of-form-w-2     If you saved a pdf of your completed tax return, the worksheets will show the W-2 information you entered, but not the actual W-2.   You can get a wage and income transcript from the IRS:  It will not show the actual W-2, 1099’s, etc, but will show the income information the IRS received.  It will not, however, show your state information. It will only show the federal information. https://www.irs.gov/individuals/get-transcript   Or you can pay the IRS $30 for an actual copy of your tax return which will include copies of your W-2’s      https://www.irs.gov/pub/irs-pdf/f4506.pdf      https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/get-copy-w-2/L8FTim9MO_US_en_US?uid=m68ee4os  

Thanks - there is no difference in COA for food and housing for on-campus vs off-campus given.  Drilling down more into the costs (given as a combined number), a double is assumed to be $3477/semester and the meal plan is assumed to be the "flex" plan which is the middle tier with some "dining dollars", for $3580/semester.  Since they are combined on one line in the COA, is it allowed to take up to the entire $7057/semester for rent, utilities, and food, or is it limited to a maximum of $3477 for rent and utilities and up to $3580 for food?  Meaning, can she withdraw the $814 monthly rent (let's say times 4 since there are only 4 full months per semester - we'll deal with the few extra days in May next year), for a total of $3256 and she can reimburse herself for up to say $100/month for utilities if she only spends $3400 on food, including the 25-meal "commuter" plan she's chosen (subsidizing the utility bill out of her food allowance)?  We have no idea what to expect for utility bills - or food, for that matter - in the current economy.  You would think that $769/month for food and $100/mo for utilities (split with 2 other roommates) would be enough, but the school is very close to the Canadian border and I presume the local electric company buys electricity from Canada.

Sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/   The Form 4868 will be available to view or print when you use Print Center.   Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets