TurboTax Refund Advance: When does the option appear during filing process?
Filing through TurboTax this year and really need that refund advance. Can't figure out when the option shows up. Do I have to wait until after the IRS accepts my return to see the refund advance option? Anyone done this before and know how it works?
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Mia Alvarez
Tax pro here - The refund advance option actually shows up during the filing process, before you submit to the IRS. You'll see it right after you get your refund amount calculated. But heads up - you need to qualify based on your refund amount and credit score. They dont wait for IRS acceptance.
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Zachary Hughes
•thank u! do you know what the minimum refund amount needs to be?
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Mia Alvarez
•Usually needs to be at least $500, but conditions change yearly. Your credit score needs to be 600+ typically
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Carter Holmes
•Bruh my credit score is 📉 guess im outta luck 😭
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Sophia Long
Hey everyone! Instead of stressing about refund advances, you might want to check out taxr.ai - it analyzes your transcript and tells you EXACTLY when you'll get your refund. Its $4.99 but worth every penny for the peace of mind. Way better than playing the guessing game tbh https://taxr.ai
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Angelica Smith
•sounds interesting...how accurate is it? like does it actually predict the date correctly?
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Sophia Long
•Super accurate! It uses AI to analyze all the codes and dates on your transcript. It caught a delay on mine that would've taken weeks to figure out otherwise
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Angelica Smith
•Just tried it and OMG WHERE HAS THIS BEEN ALL MY LIFE?! 🙌 It literally spelled everything out for me, way better than trying to decode all those crazy transcript codes myself!
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Logan Greenburg
I did it last year. The interest rate is crazy high tho just fyi 🚩
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Charlotte Jones
•fr fr its basically a payday loan with extra steps 💀
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Lucas Bey
anybody else notice TurboTax getting more expensive every year smh
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Harper Thompson
•facts! they hit u with those random fees at the end too 🤡
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Caleb Stark
Tried it this year but got denied even tho my refund was like 3k. These companys are getting stingy fr
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Jade O'Malley
its right on the final review page before you submit. but ngl the fees are ridiculous
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Zachary Hughes
•thx for letting me know! guess ill keep an eye out for it
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Romeo Barrett
Been through this process multiple times - the refund advance option typically shows up right after TurboTax calculates your expected refund amount, usually on the review page before final submission. But honestly, unless you're in a real emergency, I'd skip it. The fees and interest rates are pretty brutal. If you really need the money fast, maybe consider a small personal loan from a credit union instead? Much better rates usually.
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AstroAce
•That's solid advice about credit unions! Never thought about that option. Do you know if they typically approve faster than traditional banks? Also curious - what kind of fees did you see when you did the refund advance? Trying to figure out if it's worth it or not
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Lincoln Ramiro
•Credit unions are usually way faster! Got approved in like 2 hours once. The refund advance fees were insane - like $40 just for a $500 advance, plus APR was over 30%. Definitely go the credit union route if you can!
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CyberNinja
Just went through this yesterday! The refund advance option showed up right after I entered all my info and TurboTax calculated my refund amount - it was on the page where they show you the breakdown of federal/state refunds. But honestly, after reading all these comments about the fees, I decided to skip it. My refund is only like $800 anyway so probably wouldn't qualify. Thanks everyone for the heads up about those crazy interest rates! 🙏
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