That option (the "refund processing service") allows you to pay your TT fees out of your Federal refund.
The folks at TurboTax usually say no, it won't delay, , but we forum helpers saw delays last year with that process for *some* folks. Of course, the ones who post in a forum are usually the ones affected negatively.
You will save 29.99 in service fee if you decline that service and pay upfront with a credit card, debit card, or prepaid debit card that you can purchase in many stores.
From what I've seen with four of us who filed on the same day, had February 6 as our date for the refund from the IRS but two paid up front and two had it withheld from the refund, paying with the refund definitely causes a delay. The two who paid up front received their refunds direct deposited today. The other two did not. According to sbtpg, the bank handling the transfers, the IRS is delaying releasing the money to them. It seems deliberate on the part of the IRS to process those going directly into the taxpayer's bank account first and then those going to the third party processor. If this is the norm, TurboTax should indicate that paying from your refund will indeed delay receiving it.
One of my co-workers filed after me but paid her fees upfront and she received her return already. So I believe there is a delay.
I truly hope that this is not true. I myself had to choose to pay fees with my refund. I simply did not have the money to spare. This is my first time using TurboTax.... I will keep the faith that TurboTax was honest about this in their disclosures. 1 day I can live with any longer I will be gravely disappointed:(...:)
I had my fees deducted & it did not delay my refund. I got it on the date that the IRS website said I would.
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