You'll need to sign in or create an account to connect with an expert.
Probably after January 4 or shortly after when e-filing is available.
However, you may not be eligible to have your TurboTax account fees paid from the federal tax refund. Note that this option has an additional fee of $40.
See this TurboTax support FAQ for not being able to use the pay with refund option - https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/deduct-turbotax-f...
The IRS will not open e-filing until January 24 (I believe). Turbotax may open earlier, but if you file that early, it will just go into holding until the IRS opens up. Most tax forms have not been updated to the 2024 version yet, this is expected to occur between January 4 and January 18 for most forms, but some may be delayed longer. Whenever Turbotax is actually ready to file, the pay from refund option will also be available.
REFUND PROCESSING
If your refund is enough to cover your TurboTax fees PLUS the extra “refund processing” fee of $40 ($45 in CA) and your forms are ready then when you are in the FILE section you can choose to have your fees deducted from your federal refund by a third party bank, who will take out your fees and send you the rest of your refund after the IRS issues the refund.
Please make note that if your refund takes too long to arrive (IRS delays, etc.) then you will also be agreeing that the TurboTax fees can be extracted from your bank account even before your refund is issued by the IRS. This comes as an unpleasant shock to many people every year.
If you can possibly pay your fees upfront using a debit or credit card, it will save you that extra fee and ever more importantly, the possible aggravation and delays that are often the result of poor handling/poor customer service by that third party bank. We see way too many instances where refunds are delayed for months when users choose refund processing. There have been lots of complaints; there are a number of things that can go wrong when you use refund processing. I suggest avoiding that situation if at all possible.
And....you can never pay state tax due from a federal refund, so do not expect that. The state tax due has to be paid directly to your state.
What is Refund Processing Service?
How can I see my TurboTax fees?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
tax_e_cat
Level 1
WSO
Level 3
Regencyinc
New Member
89517987cc37
New Member
sp5x--
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.