, 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.
, 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.
How do I apply for a TurboTax refund advance loan?
To apply for a Turbo. Tax Refund Advance loan, you’ll first need to e-file your federal taxes with Turbo, and tax. If you decide you want to apply for a refund advance, you’ll have the opportunity when Turbo. Tax asks you which “refund method” you prefer.
Can I get a TurboTax refund advance with a larger refund?
Since a Turbo. Tax Refund Advance is based on your expected federal refund amount, it may not make sense if you have a larger refund, since the maximum loan amount available is $2,000. You can find larger loan amounts available from Turbo. Tax competitors H&R Block and Jackson Hewitt.
, intuit turbo Tax Intuit Turbo. Tax’s refund advance loan is funded by First Century Bank. Minimum federal tax refund amount: $500, but a higher refund amount makes you eligible for higher loan amounts.
For instance, if you want to withdraw cash from an ATM and can’t find a convenient surcharge-free machine, you might have to pay a fee to withdraw money . Since a Turbo. Tax Refund Advance is based on your expected federal refund amount, it may not make sense if you have a larger refund, since the maximum loan amount available is $2,000.
What is the TurboTax tax advance visa?
It was a prepaid Visa on which some qualified users could get a refund loan –but only after their tax returns have been filed and accepted by the IRS which won’t be until late January.