topic Redund advance in After you file

Redund advance

Drehamm — Sun, 29 Dec 2024 17:26:11 GMT

I'm thinking about doing a refund advance on turbo tax this year. So I do the earned income credit and child tax credit so after I e file will I get the advance or will I have to wait till the end of February cause that's when they start accepting refunds with the child's tax credit

Re: Redund advance

Mike9241 — Sun, 29 Dec 2024 17:28:50 GMT

if Turbotax follows what it has done in prior years, if you qualify for an advance, it will not be made until your return is accepted.

Re: Redund advance

xmasbaby0 — Sun, 29 Dec 2024 18:01:00 GMT

Sorry…TurboTax does not have any refund advance loans at this time. For the past several tax seasons, there have been refund advance loans during January and February. The refund advance loans are not issued until the IRS accepts your e-file. The IRS will not be accepting e-files until sometime late in January.

https://turbotax.intuit.com/refund-advance/

And....if you are getting additional child tax credit or earned income credit, you will not get your refund until late February, per the PATH act.

Re: Redund advance

taxlady28 — Mon, 30 Dec 2024 01:23:15 GMT

This year when you efile your taxes it will ask how you want your refund to be paid. One option will be refund advance. You will chose refund advance and then open a Credit Karma checking account to receive the advance. Filing is not yet open so that option is not yet available.