Turbotax refund advance denied If you did choose the refund advance, You’ll receive your Refund Advance within 48 hours of the IRS Jan 23, 2020 · To apply for Refund Advance, you must e-file your taxes with TurboTax and select Refund Advance on a Turbo Visa Debit Card for your disbursement method. If you select the 5 Day Early Refund Delivery, you will not see the Refund Advance option, but you can return to the refund selection page and find all the options listed. It will include information about why you were not eligible for a Refund Advance. At the time I applied for and was approved a 500 refund advance. A. Bookmark Icon. Refund Advance is a loan based upon Jun 29, 2023 · A tax refund loan is a short-term loan or advance on money you expect to receive after filing a federal tax return. The advance isnt automatic - they need to verify some stuff first. Perhaps something has changed with your credit score or income since you were last offered the refund advance. S. Nothing. I’ve been transferred back and forth between turbo tax first century and credit karma all day today for no one to give me any information. Pay $0 in loan fees and 0% APR on your loan. Here's what's actually happening: TurboTax's system sometimes has delays in sending approval emails, but that doesn't mean your advance isn't approved. Feb 28, 2022 · The advance comes out of your refund and is deducted, along with any Turbo Tax fees, when your refund is issued. I opted to have my taxes go into my Credit Karma money account, which ended up charging me an extra $30 for the refund I have been a turbo tax customer for 10 plus years. Score: 4. I downloaded my filed taxes and it shows clearly on the top page that I accepted the terms for the Advance Refund. Loans come in the following increments: $250, $500, $750, $1,000, $1,500, $2,000, $2,500, $3,000, $3,500 and $4,000. Jan 30, 2020 · You should receive an email from First Century Bank NA explaining why you weren’t eligible for the Refund Advance. The only thing now is that your money will go into the account they are affiliated with (credit karma). I was going to be able to e-file my state return until I clicked the advance option and now I have to mail it. Refund advance checks use a "soft" credit check if anything. I had earn income child tax credit so it was a good sized return. 22%. When you’re ready to file, select Refund Advance and apply for it in a few easy steps. You'll just go on about life and wait for the deposit to hit like normal. They switched from Santa Barbara TPG because of some processing delays last year. See this resource for more information: I know I was pre-qualified for refund advance and chose that as my option. It will arrive the day of your DDD but not at 12am. To be clear, the IRS has accepted my return. 3 through Feb. 3% finance charge from Republic Bank & Trust Company that you could get with just a pay stub(s) at participating Jackson Hewitt locations. TurboTax. If your WMR status shows Feb 1, 2024 · I filed my taxes and submitted everything on the 24th of January and I checked the status of the refund advance today, because the IRS started accepting e-files on the 29th of January, and it stated that my advance got denied after confirming that I was eligible for a 3000 advance. TurboTax Phone Number [Edited 2/25/25|12:43pm PST] Nov 18, 2024 · If you file with TurboTax Online, while Refund Advance is still available, and have a Federal refund of at least $500 and meet other eligibility requirements, you may be able to get a Refund Advance instantly after IRS e-file acceptance 1. I understood at that time that IRS would not start accepting returns until 1/27. Jan 24, 2022 · I think it’s this partnership with credit karma messing things up. See more details on TurboTax site. territory, is a PO box, or is located in a prison. Nov 18, 2024 · For the past several tax seasons, there have been refund advance loans during January and February. If you check the comments under TurboTax refund advance site, it's even worse! They tellin people the amount they have successfully been approved for, in the 1000's, then they waitin for IRS to accept and no money comes. routing and account number, but you will not be able to get the advance without also having a CK card. You must completely fill out your tax return, including entering your tax forms (like a W-2 or a 1099), before you can apply for Refund Advance. I don't understand why the system is not set up to at least give you a reason for denial or let you know which qualifications you did n Mar 9, 2025 · TurboTax partners with financial institutions who set their own criteria each year. Nov 12, 2024 · 1 The Early Tax Refund Advance (ETRA) is a loan secured by, and paid back with, your tax refund and is offered by Republic Bank & Trust Company, to eligible taxpayers that apply for a No Fee Tax Refund Advance from 12/12/24 to 1/12/25. Jan 26, 2025 · I dug a little deeper. in Get your taxes done using TurboTax Jan 25, 2023 · Refund Advance eligibility. When I searched up Turbotax issues with credit karma refund advance in the Turbo Tax help area, it stated to contact Credit Karma. Is there any way It could change the amount. So why it won't allow me the advance this year baffles me. It will be anytime the day of up until evening depending on processing time. com Jan 20, 2023 · No one here would know why you were not approved for the Refund Advance. The only information I can find is that you'll recieve funds within 15 mins of acceptance. Oct 17, 2024 · Liberty Tax offers an Easy Advance loan from $500 to $6,250 to eligible taxpayers, with loan funds typically available within 24 hours of IRS acceptance of the tax return. I spent 5 hours yesterday being taken back and forth between CK,Turbo Tax and the loan bank saying they have no answers whatsoever. But. I got a loan and filed through turbo tax . TurboTax has transactions for unavailable funds are denied; SpotMe® for overdraft up to $200 with Jan 17, 2019 · Amount of the advance: From $200 to $400, provided you also plan to apply for a Jackson Hewitt No Fee Refund Advance Loan or Go Big Refund Advance Loan (see below). I was going to be getting 2000 or So In an advance. Jan 27, 2025 · I have received the refund advance the past 2 years way before the IRS official date to accept on 01/27 and I the advance was in my CK spend account in less than a minute of the IRS accepting. I called TurboTax three business days later, not understanding why I didn't get my refund advance even though I was pre-qualified. The receipt of your refund 5 Days Early is subject to IRS submitting refund information to us at least 5 days before the refund settlement date. But green dot sent a email saying advance was denied but my card is on the way?how do I check to see if I was approved or Jan 26, 2022 · Refund Advance eligibility . If you claimed the Earned Income Credit, the IRS cannot legally give you your refund until mid-February. When you're denied for the advance but have already paid the fees upfront, those funds should typically be refunded to your selected disbursement method (direct deposit or prepaid card) within 3-5 business days after denial. Because unfortunately JH has STEEP filling prices. When can I apply for a tax Refund Advance loan at H&R Block? Upon completion of tax preparation at H&R Block, you can apply for the Refund Advance loan beginning Jan. Those loans had to be offered to you, and no money was issued until the IRS accepted the user’s e-file. Perhaps part of the confusion is that the IRS wasn't supposed to officially accept returns till today, though it's normal for the IRS to approve certain early-filed TurboTax returns ahead of the official launch date. I did mine on 1/27, credit karma said I was approved for $1,000, my federal was accepted on 1/29 at 5:15 pm, my turbo tax says my federal is approved but my credit karma still says N/A… it’s 1/30 almost 24 hours later. . or WebBank, and are deposited into a Credit Karma Money TM checking account. So I continued and afte Mar 15, 2025 · Jackson Hewitt, another popular tax filing service, offers a refund advance with an APR of 34. Mar 7, 2025 · This is, unfortunately, a somewhat common issue with the refund advance products this tax season. You will not receive a final decision of whether you are approved for the loan until after you file your taxes. H&R Block Refund Advance: Up to $3,500 Okay you guys so after researching if you applied through turbo tax and did the refund advance and you have not reviewed it go check your spam email folder for a letter from first century. I got the advance 2 times and still use my CK account. Super confused about the whole advance process. ETRA loan amounts are determined by your expected Federal refund, less authorized fees and underwriting. It's actually fairly common to be denied for their advance - they use pretty strict criteria compared to what the IRS actually uses for approving your refund. I have not received that email so fingers crossed its delayed because it's a banking holiday or something. Anyone else have these same issues. Jan 16, 2024 · Here are some of the eligibility requirements to qualify for a Refund Advance loan: You’re 18 or older; Your expected federal refund amount is $500 or more; You’re not a resident of North Carolina, Connecticut, or Illinois; You’re e-filing your federal tax return with TurboTax; Your physical address is listed on your tax return. Mar 9, 2025 · I was in the same boat as you last year. For TurboTax, that's Santa Barbara Tax Products Group (SBTPG) as their standard Refund Transfer processor. Jan 27, 2025 · This is my first time using TT. When I try to find the documents that I had to E-sign before I clicked the Transmit my Return is conveniently nowhere to be found. If you didn't qualify for Refund Advance, it may be because: Your federal refund was not $500 or more. I haven’t received one email from TT or CK re the advance. ai) to analyze my transcript. This is all very frustrating to have been given that option and it not be followed through with for the customers. Jan 25, 2024 · For your tax refund advance to cover the loan, it must be substantial enough after factoring in interest rates, fees, and tax preparation expenses. I filed my return on 1/18. I had to fix the agi and resubmit it but now it's been over 72 hours and it's still pending on the turbo site. Dec 18, 2024 · The TurboTax refund advance for a 2024 federal tax refund will not be available until January 2025. Jan 20, 2020 · First Century Bank NA will send you an email explaining why you weren’t eligible for the Refund Advance. I have been using turbo tax for 8 years now. The 500 advance would be deposited into my CK money account with 15m of acceptance from the IRSs. Jan 21, 2023 · Here’s how to apply for the TurboTax Refund Advance: Before you file, choose Refund Advance † for your refund option. fiction. My federal tax was accepted on 1/20/23. I am still waiting on my refund to be approved by the IRS. When you choose to have fees taken out of your refund, TurboTax creates a temporary bank account where your full refund from the IRS goes first. Additional fees may apply for other products and services that you choose. My refund was for almost $3000, just 1 W2, and 3 dependents. Open a checking account with Credit Karma Money. ‎January 21, 2023 6:19 PM Jan 24, 2025 · I wonder why I was denied the advance Jun 7, 2019 · Yeah, TurboTax advance is a joke. Paying with your federal refund isn't required for the Refund Advance loan. If you did either or both advance or pay with your federal refund then you will not get it early. I know this because I too went through the same thing. , Member FDIC. No you don't have to go through JH. TT app initially said my advance was basically pending. Or should it be showing you the refund advance option first? They denied me this year for the refund advance but approved me for $2500 last year. When I go to view my status for this year there is a box right below that says check back soon to see about your refund advance application. It's a shitty cycle of circumvention and I am BOILING over it. Jan 19, 2025 · Look, I've seen this issue come up a lot lately with TurboTax refund advances. Once IRS accepts my return. I got an email to setup the turbo cars I did all that. Refund Advance eligibility Here are some of the eligibility requirements to qualify for a Refund Advance loan: You’re 18 or older and have a Social Security number; Your expected federal refund amount is $500 or more Jun 5, 2019 · It's YOUR TAXES & YOUR REFUND. An expert does your return, start to finish TurboTax Refund Advance: $250 to $4,000: Many filers receive payment within minutes and 99% within one day. other reasons include past due student loans or other IRS Feb 1, 2021 · Your loan amount will be based on a portion of your anticipated federal refund. You can skip the "advance" and use any bank account or other card you have with a U. I filed and got accepted same day here I am 3 days later no advance. My Credit Karma account has been current also. If you did not receive it, you may want to check your spam folder. Jan 19, 2025 · Just got off the phone with Credit Karma support and heres what i learned: The 121 acceptance code means your return passed initial validation but is still being processed. I received a email today saying my taxes were accepted from turbo tax. You owed the U. Need Some Help? Jan 26, 2020 · I selected the advance return, was approved for 1500. Went through the entire process, opened a CK account, IRS Accepted my return. Some tax refund loan programs make you wait until the IRS is open in late January to receive funds. Apply for a tax refund advance when you're ready to e-file your return using TurboTax. It also doesn't show on my home page for Turbotax. Make sure your routing number matches First Century Bank (FCB) when you check your refund status. So I got ahold of CK to see when the funds would be on there. They denied me never received a email stating why!? I don't owe government taxes or state! Can show proof! If you didn't do the refund advance or pay with your federal refund you will get it up to 2 days earlier. I know my return just got accepted yesterday and I got the advance for $1000 deposited into my account within 60 seconds. Does the potential of getting a Refund Advance loan of up to $4,000 this tax year sound too good to be true? Take a look as we uncover the facts behind the Refund Advance loan offered in H&R Block tax offices. Loan repayment is deducted from your federal tax refund and reduces the subsequent refund amount paid directly to you Feb 7, 2023 · Okay so check this out they did the same thing to me TurboTax told me credit karma denied me I finally got a hold of a supervisor and credit card and they said that they never even received any of my information for a rapid advance except to apply for the card TurboTax is still standing by that but yet if you go in your documents and you look it says TurboTax already got paid out of my Refund advance checks use a "soft" credit check if anything. My refund is almost exactly the same and my credit is much better this year. Application fees for tax refund loans can add to the overall tax refund loan cost. Then it stated I had to create a credit karma spend account for it to be deposited. Jan 16, 2024 · My TurboTax and Credit Karma are already linked, the issue is when I get to the part if paying, the next portion is to ask if I would like to take the tax advance, I don't get that option but it shows and says I will be using my credit karma debit card for direct deposit, it's missing a step, credit karma nor turbotax knows the answer so they Jan 22, 2025 · Actually how long does it take to receive a decision on my advance? I filed on the 14th accepted on the 21st and no email yet regarding the advance I signed up for. All you have to do is sign up for a Credit Karma spending account. But that is just speculation and we cannot give you a definite reason for not being offered that option. I go into my email and it states i was denied because I "withdrew my application" WHICH I NEVER DID. Please see below for more information: https://ttlc Jan 16, 2025 · If you are using a TurboTax partner affiliate link to use the software, the Refund Advance will not be available. But, like your screen shot shows, I didn't see any of that. I haven't seen ANYTHING about my advance yet. If you don’t receive an update email or an automatic refund (if applicable) within a few days, you can contact TurboTax Customer Support by clicking the link below. You will however need to open a free Credit Karma Money account and can spend your advance refund funds anywhere via their (virtual) debit card is accepted. Refund Advance loan fact vs. Here it is 1/25/2023 and still no refund. Generally, the application fee for a tax refund loan is approximately $100. What concerns me is they shouldn't have a problem using permanent disability as income source unless they are looking to attach wages to people that owe First Century Bank will send you an email explaining why you weren’t eligible for the Refund Advance. The agent put me on hold and then hung up on me. Mines said i didn’t get approved after turbo tax said i got approved for 2000. It prompted me for an advance, that’s why I was there in the first place. You can't apply for Refund Advance after you file The number to check on your refund advance is 1-888-679-8122. Liberty Tax also offers a small holiday advance loan, available in early December and January. I think it's absolutely worth it, if you have no money and were getting the card anyways, then I say just go ahead on the refund advance; there's no fees, and you could possibly get some money sooner. It said it could take up to 48 hours. The Early Tax Refund Advance (ETRA) is a loan secured by, and paid back with, your tax refund and is offered by Republic Bank & Trust Company, to eligible taxpayers that apply for a No Fee Tax Refund Advance from 12/12/24 to 1/12/25. Jan 27, 2020 · First Century Bank NA will send you an email explaining why you weren’t eligible for the Refund Advance. And who knows why some people get denied. Dec 21, 2024 · The IRS does not approve a federal tax refund advance loan, the company promoting the loan does that. Jan 19, 2025 · Tax pro here - typically the final approval for TT refund advance comes within 24-48 hours after filing. I applied for the refund advance and according to the listed qualifications, I currently meet them all. Well lucky IRS updated and said refund should be sent by 2-29. Anyone know how long it usually takes to hear back or where I can check the status? Starting to get nervous since I really need this money. Mar 11, 2025 · A tax refund advance loan can get you some or all of your refund weeks early. Jan 17, 2025 · In order to apply for Refund Advance which allows you to get an advance on your refund rather than wait for it to be processed, choose Refund Advance as your refund option. I've always gotten an advance of some kind. Mar 7, 2025 · I was in the same situation last year with the TurboTax advance. Remember that an RAL is a loan. It showed exactly why my advance Nov 2, 2024 · TurboTax does not offer and has never offered any type of Holiday refund advance loan. The 5 day early refund applies to when TurboTax RECEIVES the info from the IRS that your return is scheduled to be deposited, then TurboTax will give you your funds 5 days earlier than the deposit date from the IRS. I have never had a issue getting the refund advance before in all the years its been offered. 00. Feb 9, 2025 · For 2025, TurboTax is partnering with First Century Bank for their refund advance and early deposit program. This year was a no go. Jan 21, 2025 · We do not know how TurboTax determines who is offered the refund advance. I filed Saturday the 22nd, still no update. I know they said it could take 48 hours. Feb 26, 2025 · The difference is likely due to the refund transfer fee and any other fees you authorized TurboTax to deduct from your refund. Here are some of the eligibility requirements to qualify for a Refund Advance loan: You’re 18 or older; Your expected federal refund amount is $500 or more; You’re not a resident of North Carolina, Connecticut, or Illinois; You’re e-filing your federal tax return with TurboTax; Your physical address is listed Jan 7, 2020 · If you did not select refund advance then you did not apply for the refund advance. I was worried this year would be different due to credit karma. The Credit Karma Visa® Debit Card is a Visa debit card that is associated with your May 31, 2019 · You do NOT have to use JH . Jan 28, 2025 · It is not in my spam folder. See the following for refund eligibility. ‎December 21, 2024 9:35 AM Jan 19, 2024 · I had originally chosen to accept a advanced refund loan from TurboTax when I filed on 01-08-2024. Here are some of the eligibility requirements to qualify for a Refund Advance loan: You’re 18 or older; You’re not a resident of North Carolina, Connecticut, or Illinois; You’re e-filing your federal tax return with TurboTax; Your physical address is listed on your tax return. Feb 19, 2025 · Your federal tax refund will be deposited to your selected bank account 5 days before the refund settlement date provided by the IRS (the date your refund would have arrived if sent from the IRS directly). The Turbo Visa Debit Card is different and this card will only be loaded with the money once your return has finished, normally within 21 days after acceptance. ‎December 18, 2024 12:03 PM. Feb 2, 2021 · Refund Advance eligibility . Jan 21, 2020 · 1. Won’t be using TT ever again. Most commonly would be insufficient refund amount (BTW The IRS isn't even open yet so it's a 50/50 chance that advamce loans fail because there is no way to verify your refund amount when the IRS doesn't even open till the 29th). You will not be eligible for the offer if: Your physical address is located outside of the United States or is in a U. Mar 9, 2025 · TurboTax Refund Advance Denied - Bank Communication Issue Between Cross River and Dave. See this resource for more information: Jun 4, 2019 · If you don’t qualify, you’ll receive an email confirming you won’t receive a Refund Advance. TurboTax will not have a refund advance for a 2024 federal tax refund until January 2025. If approved, your Jan 20, 2020 · I applied for the refund advance and according to the listed qualifications, I currently meet them all. ai (https://taxr. Keep in mind if you do this JH may not let your get a advance with them anymore I was approved for an advance. Perhas they have changed their requirements. I’ve been doing my taxes for ten years on turbo tax getting a refund advance within minutes of its accepting refund not approving. other reasons include past due student loans or other IRS Feb 7, 2023 · Okay so check this out they did the same thing to me TurboTax told me credit karma denied me I finally got a hold of a supervisor and credit card and they said that they never even received any of my information for a rapid advance except to apply for the card TurboTax is still standing by that but yet if you go in your documents and you look it says TurboTax already got paid out of my Jan 21, 2022 · If your e-file status in TurboTax confirms that your return has been accepted, you will need to reach out to Credit Karma to determine the status of your Refund Advance. You have bad credit. Here's what's probably happening: - IRS Jan 19, 2025 · Look, I've seen this issue come up a lot lately with TurboTax refund advances. I know I'm a little under 48 hours but my gut is telling me this is not happening. 1 Jan 19, 2025 · TurboTax Refund Advance Status - How to Check if Approved/Denied? Filed my taxes through TT and applied for the refund advance but haven't heard anything back. I was even sent an email saying get ur refund advance when u start your taxes today. I filled out the info for the card. Rep told me when you select the option for refund advance you do not get early access to fund going into money spend account regardless if your approved or denied for refund advance. Feb 19, 2025 · You will receive a follow-up email with a refund and timing update, and if any cancellation is applicable. Just wanted to share my experience with the refund deposit process! In my country, we never had such complicated tax system, so I'm learning everything step by step here in US. Luckily I have been pre-approved for an advance. I was "pre-approved" but then denied because of past tax offsets which have been PAID! I'd go elsewhere if you want to try for an advance. In my experience, the advance denial doesn't impact your actual refund timeline at all. If you apply for Refund Advance, your application will need to be approved by First Century Bank, N. Tax preparers offer advance loans ranging from $200 – $3,200 [1] what your return will be. I call TurboTax and they direct me to call Credit Karma. The advance? Crickets. Through credit karma and while filing. 28, 2025. Call Credit Karma and they direct me to call turbotax. Jan 9, 2025 · The refund advance requires that you have the refund put on a Credit Karma card. so I did and no option for the advance. I was approved for a refund advance in the amount of $250 when I filed. Dec 31, 2024 · Expert does your taxes. Spoiler alert — it’s the real deal. It is possible that TurboTax will offer a refund advance for tax year 2024 after January 1, 2025, but only to those eligible for the refund advance. Loan details and disclosures for the Refund Advance program: If you expect to receive a federal refund of $500 or more, you could be eligible for a Refund Advance loan. I'm so confused. The best way to check your actual status is to look at your IRS transcripts - they'll show if your return is actually being processed and when you might get your Mar 15, 2025 · Jackson Hewitt, another popular tax filing service, offers a refund advance with an APR of 34. or WebBank before you can receive your advance. But there are some factors that can affect this like your credit score and if the IRS accepts your return right away. Jan 24, 2022 · Ive been with turbotax i believe since 2017 and have always been able to get an advance which is so helpful, but now i think this will be the last year i will be using turbotax. Sign-up is quick and easy and you get your approval instantly in most cases. You were likely denied for another reason. Set it up with turbo tax blah blah blah. Jan 27, 2020 · Is there any way to go back and request a refund loan if I have already e-filed? I did so on the 15th of January and am having it direct deposited to my bank account. If you were denied the refund advance loan with JH, you can go anywhere else you like to prepare your taxes. It is now saturday at 10:30. • TurboTax partners with Credit Karma Money for advances • You need to qualify (credit check involved) • Advances are typically $250-$4,000 depending on your expected refund • They take ZERO interest (unlike some predatory tax places) • Funds are available within 1-2 days after IRS accepts your Those who are denied won't receive any notice. This year you can get up to $4,000 with $0 loan fees and 0% APR. Obviously it is still pending at the moment. Although there are no loan fees associated with the Refund Advance loan, separate fees may apply if you choose to pay for TurboTax with your federal refund. Cause 27th is not minutes after being accepted. Apply for a loan of up to 50% of your federal tax refund. Which was a good chunk more than JH quoted and this is before we consider the fees JH takes . This is the number to the bank that they use if your refund advance did not post immediately after you were accepted you are more likely Jan 20, 2025 · TT said I was denied the Refund Advance then, but then I remember reading somewhere that when it's officially approved I will get an email with the refund advance amount I was approved for. or WebBank, neither of which are affiliated with MVB Bank, Inc. Government or your State. I was in the same boat last week but finally got some answers by using taxr. See full list on financeband. If approved, your In very small letters when you pick the advance option, it will state that approval is based on other factors and you’re not actually approved or denied until the irs accepts, I filed 1/25 @2:27am & had my advance in my CK account by 4am. They offered me $500 even though my refund was projected at $3200. You have to repay the entire amount of the loan even if you receive a smaller tax refund than you anticipated and even if you don't receive It's has now been 50 hours since acceptance of my return by the IRS and approval of my refund advance with absolutely NO update as to where my funds are. I filed with TurboTax and applied for their 5-day advance, but I was denied. 8/5 (33 votes) . Been checking my email constantly for 2 days now. You had debt enforced by a State such as, but not limited to, child support obligations, past student loans, tax liens, and any other payments owed to a Federal or State agency. I neglected to choose a refund loan, but am having second thoughts now and would like to Jan 19, 2025 · For sure, I’ve been getting the refund advance for the past 5 years using the same TurboTax and credit karma accounts but this pending status is making me a bit antsy, usually Id get accepted by the irs the same day or the day after but I understand that efile on previous years opened sooner than this years January 27th date It's wild that I filed on 1/11/24, and got a notification on 1/19/24 that the IRS 'accepted' my return (TurboTax language meaning received by the IRS not approved). You'd qualify for a maximum of $750 in refund advance. 1 3 6,482 Reply. It's worth checking if you can still apply with another service, though most require you to file through them initially. Jan 27, 2025 · If you are using a TurboTax partner affiliate link to use the software, the Refund Advance will not be available. If you didn't pre-qualify for Refund Advance, it may be because: Your federal refund was not $500 or more. Refund Advance loans may be issued by First Century Bank, N. The IRS didn't give Intuit 5 or more days of notice in advance. This equates to a 7. Please see the below TurboTax FAQ for additional information on the Refund Advance Application Process: Feb 4, 2022 · Why is my advance so low first year I got $4000 last year I got $2000 this year $1000 and this year my refund is bigger. Not all consumers will qualify for a loan. Then, credit karma doesn’t tell me until the end (right before filing) that I was “denied” the advance. The best way to check your actual status is to look at your IRS transcripts - they'll show if your return is actually being processed and when you might get your Feb 2, 2023 · I’m not stupid I filed my taxes on 1/28/2023. 53% Estimated Annual Percentage Rate based on a loan duration of 75 days. I don't understand why the system is not set up to at least give you a reason for denial or let you know which qualifications you did n Feb 8, 2020 · Consent to disclose your information for the refund advance loan and for a Turbo® Visa® Debit Card We're going to disclose the tax information described from your 2019 tax return to First Century Bank (the lender), BorrowWorks (the lender service provider) and Green Dot Bank (the issuer of the card) to process your Refund Advance loan Jan 30, 2025 · Hello, I’m so hoping someone can answer my question regarding the $30 that I was charged for the refund advance. 4-2023), when a refund advance is denied, the processing bank should revert to the standard refund processor for that tax preparation service. You did not agree to all the Refund Advance terms and conditions. When I filed my return I of course selected the option for advance to go to credit Karma account. If you select the up to 5 Day Early Refund Delivery, you will not see the Refund Advance option, but you can return to the refund selection page and find all the options listed. Jan 23, 2024 · My return was rejected by the irs. If you didn't pre-qualify for Refund Advance, it may be because you owed money to your state, your refund was not $500 or more, or you have outstanding student loans or current tax liens. This stopped Intuit from meeting the 5 days early expectations. Feb 20, 2025 · What is a refund offset? Your bank wouldn't accept RTP (Real Time Payments) or Same Day ACH deposits, preventing Intuit from depositing your refund 5 days ahead of when the IRS would have deposited your refund. See this resource for more information: Jan 31, 2020 · I was approved for Advance refund from credit karma. No reason why, no email why. My return was accepted by the IRS early evening. While completing your taxes with TurboTax, you can apply for Refund Advance with absolutely $0 loan fees and 0% APR. Last year, I had to switch to H&R Block mid-filing when TT denied my advance. Wanted to do the advance. Jun 1, 2019 · To pre-qualify for Refund Advance, you must have a federal refund of $500 or more (excluding any Recovery Rebate Credit), meet eligibility criteria, get accepted for a Turbo Visa Debit Card by Green Dot Bank, and agree to the Refund Advance terms and conditions. Jan 20, 2023 · No one here would know why you were not approved for the Refund Advance. Application Fees. Availability of the Refund Advance is subject to satisfaction of identity verification, certain security requirements, eligibility criteria, and underwriting standards. After this I've received nothing regarding refund advance even though my taxes were accepted by the IRS the 21st. Various factors can potentially decrease the final amount you receive, such as modifications to tax laws and offsets (which will be discussed further shortly). TurboTax states that would give up to $4000 for a refund advance. Turbo Tax will direct you to Credit Karma when you choose this option. I know someone who applied for the Jackson Hewitt refund advance, on an 11k return, and got approved for $100. Then they deduct their fees from that account before sending the remainder to you. Feb 1, 2021 · You did not agree to all the Refund Advance terms and conditions. I only have self employment income (higher risk for TT to take), my credit score is 557, I claim EITC and CTC, etc and my refund amount is $5485. Refund Advance eligibility Here are some of the eligibility requirements to qualify for a Refund Advance loan: You’re 18 or older and have a Social Security number; Your expected federal refund amount is $500 or more; You’re Mar 7, 2025 · According to IRS Publication 1345 (Rev. I also did credit karma tracker and it states federal and state N/A. Not only does paying turbo tax with your refund delay your refund a couple days, but I also feel I paid more than I thought I was supposed to. Then after being accepted that disappeared. 1 Jan 24, 2022 · It is indeed First Century Bank that approves or denies the Refund Advance loan. I've called turbo tax and the rep states she can see I was approved for me to call credit karma. However, there seems to be, in my experience, a processing backlog with An Early Refund Advance is a loan with a 35. I was denied & I went to TurboTax. Already got my refund back. If you are using a TurboTax partner affiliate link to use the software, the Refund Advance will not be available. If approved, your Refund Advance could be deposited into your checking account instantly after the IRS accepts your return 1. It's semantics whether the income comes from a w-2 or not, because the income verification is in case something happens with the return so they know there's a way for the loan to be repaid. Your federal refund (minus any other agreed upon fees) will be loaded onto a Turbo Prepaid Visa Card. You owed the U. Jan 22, 2020 · First Century Bank NA will send you an email explaining why you weren’t eligible for the Refund Advance. You can contact them via their Contact Us link for assistance. uhf dnuobz tfuzcr cvv bzysn mwmydb gqjw vpyp nnce vqnt