, turbo Tax is tax-preparation software that lets you file your tax return online. The company offers no-interest refund advance loans at the beginning of the tax season. Loans range from $250 to $2,000 and are based on your expected federal tax refund. To be eligible, you’ll have to use Turbo. Tax to e-file your federal tax return.
This begs the inquiry “Does TurboTax offer refund anticipation loans?”
, turbo Tax does not offer “refund anticipation loans” in the classic sense. , turbo Tax will have a test program for a “Refund Advance” which may be offered to certain users who efile their returns and choose to have their refunds deposited to a Turbo Prepaid VISA Card. The Refund Advance is a 0% loan in increments of $250 up to $1,000.
That’s why several tax preparation companies are providing tax refund advance loans. These 0% interest rate loans are usually available from mid-December to mid-January and range from a few hundred to a few thousand dollars.
What is the Refund Advance Program with TurboTax?
, turbo Tax will have a test program for a “Refund Advance” which may be offered to certain users who efile their returns and choose to have their refunds deposited to a Turbo Prepaid VISA Card. The Refund Advance is a 0% loan in increments of $250 up to $1,000.
How long does it take to get a refund from TurboTax?
In fact, 41% of customers receive funds within 30 minutes, and 99% receive it within a day., turbo Tax Refund Advance has no hidden fees — there are $0 loan fees and 0% APR — and you can spend your funds anywhere Visa is accepted.
Will my tax refund be placed on a turbo® Visa debit card?
If you are approved for a loan, your tax refund after deducting the amount of your loan and minus any agreed-upon fees will be placed on a Turbo® Visa® Debit Card. If you apply for a loan and are not approved your tax refund will be placed on a Turbo® Visa® Debit Card minus any agreed-upon fees.