What is File Now, Pay Later?

File Now, Pay Later is a loan offered through TurboTax that lets you borrow money to pay back a federal tax balance you owe. The loan proceeds are paid directly to the IRS on your behalf. Loan repayment can be made in 3 or 6 monthly installments. Interest applies. There are no set-up fees, no penalties and no credit impact to apply.

Am I eligible for File Now, Pay Later?

Here are some of the eligibility requirements to qualify for File Now, Pay Later:

• Your federal tax balance is more than $500 and less than $5,000.
• Your physical address is located in the United States.
• Your physical address is listed on your tax return.
• Your address is not located in a U.S. territory, a P.O. box or prison address.
• You are 18 years of age or older.
• You are e-filing your federal tax return with TurboTax.
• Your tax return is not being filed on behalf of a deceased taxpayer.
• Primary taxfiler must have a social security number.
• You have not chosen to pay for TurboTax using your state refund.

How is interest calculated for File Now, Pay Later?

The interest rate for the 3 month and 6 month File Now, Pay Later loan is calculated based on the loan amount, loan term and the interest rate applied. The interest rate may vary between applicants.

Why was I declined for File Now, Pay Later?

There are several reasons a person may not qualify for a loan, including but not limited to:

• Insufficient Income
• Low or no credit score
• Credit report inaccuracies
• Missing Information
• Bankruptcy

If you are not approved, then you will receive an email outlining why your application was declined by the lender. If you would like to discuss your loan application status, contact us for servicing questions at (844) 333-2167.

Can I apply again if I was declined?

Under certain circumstances you may be eligible to reapply. For example, if you experience updates or changes to your tax situation or credit information. If you have questions regarding your eligibility, contact us at (844) 333-2167.

My credit was frozen, but I’ve since unfrozen it. Can I reapply?

Yes, once you have unfrozen your credit information through Experian, you can reapply.

Do I have to file my taxes with TurboTax to apply for a File Now, Pay Later loan?

Yes. In order to directly provide your loan proceeds for payment to the IRS, you need to e-file your federal return throughTurbo Tax.

Are loan application decisions instantaneous?

You will receive a decision upon completing the application, typically within minutes.

Who is the loan provider?

The File Now, Pay Later loan is issued by WebBank.

Are there any set up fees or penalties for File Now, Pay Later?

There are no set up fees or penalties associated with the File Now, Pay Later Loan.

Is my credit impacted if I take a File Now, Pay Later loan?

No, there is no credit impact to apply for or accept a File Now, Pay Later loan.

How is File Now, Pay Later different from the IRS payment plan?

An IRS payment plan is an agreement with the IRS to pay taxes owed within an extended timeframe However, the taxes owed will remain past due until all installments have been completed, and you may be subject to fees, interest, and penalties. File Now, Pay Later is an interest-bearing loan that fully satisfies your outstanding tax balance, and offers easy to understand terms with no set-up fees, no penalties, and no credit impact to apply.

How does an IRS e-file rejection of my tax return impact my File Now, Pay Later loan?

The File Now, Pay Later loan is only considered fully approved upon IRS e-file acceptance. If the e-filing of your tax return is rejected, you will need to re-file successfully. If your tax data changes within the re-file process, you will have to re-apply for the File Now, Pay Later loan.

My loan offer has expired. Can I still get approved?

Yes, but you will need to re-apply. Approval is not guaranteed.

Where can I manage my loan?

You can view your loan details and manage your loan through the Loan Center. Once you log in, you will be able to make payments and view:

• Your executed loan agreement and loan origination date
• Your payment schedule and history
• Your payment status and scheduled pay off date
• Your loan amount and balance
• Your loan summary and status
• Your total loan cost (including Interest)
• Your bank account details

To manage your loan or make a payment, visit the Loan Center.

How can I make a loan payment?

You can make a payment online through the Loan Center at any time. If you would like to discuss your payment options, contact us for servicing questions at 844-333-2167.

Can I pay my loan off early?

Yes. You can pay off your loan at any time without penalty through the Loan Center.

What happens if I miss a payment?

If you miss a payment, make your payment as soon as possible through the Loan Center. If you need to discuss your past due or upcoming payments, contact us at 844-333-2167.

Can I change my monthly payment amount?

You can always pay a higher amount than your contracted monthly payment amount through the Loan Center. If you need to decrease your monthly payment amount, contact us at 844-333-2167.

How can I change my bank account for repayment of my File Now, Pay Later loan?

The bank account can be changed by calling us at 844-333-2167.

How can I turn off Autopay?

You can turn off Autopay at any time by calling 844-333-2167. Turn off Autopay at least 2 business days before your payment due date.

I suspect fraud on my loan. How can I report this?

If you suspect there's suspicious activity associated with your File Now, Pay Later loan, contact us at 844-333-2167 or consumerservicing@intuit.com.

I need to add Power of Attorney to my loan. How do I do this?

If you need to invoke Power of Attorney in association with your File Now, Pay Later loan, contact us at 844-333-2167 or consumerservicing@intuit.com.

I have questions about my Servicemembers Civil Relief Act (SCRA) benefits. Who should I speak with?

For questions regarding your SCRA benefits, contact us at 844-333-2167.

Are there longer payback periods other than the 3 month or 6 month payment options?

At this time, 3 month or 6 month re-payment periods are the only available options for File Now, Pay Later. We recommend evaluating the IRS payment plan if you need a re-payment plan longer than 6 months.

What if I take out this loan and realize I can’t pay it back on time?

If there has been a change in your ability to repay your loan, please contact us at 844-333-2167.

Why are the monthly due dates in my loan agreement shown as estimates?

Repayment dates will be shown as estimates until the loan is approved and your loan proceeds have been withdrawn by the IRS. We will email you your confirmed repayment schedule once the loan origination date has been established.

I applied for the loan and was approved. Then I filed my taxes. What should I expect next?

Once you have successfully e-filed your taxes with TurboTax, we will make the funds available to collect by the IRS. When we receive confirmation that the IRS has successfully withdrawn your loan proceeds for payment of your federal balance due, we will notify you that your payment was successful and send you your File Now, Pay Later loan repayment schedule.

If I opt not to pay with Autopay, will you remind me when a payment is due?

Yes. We will send you payment reminders via email.