TurboTax Offers Refund Advance to Taxpayers for 2020

Close to 80 percent of taxpayers receive a tax refund each year, and last tax season the average tax refund was about $3,267. For many, this could be the biggest lump sum of money they receive all year! With the events that have occurred this year and the holidays, it might be a great way to pay off any of those expenses you may have incurred. You know your personal finances better than anyone, but sometimes the unexpected can still happen.

To help you with expected or unexpected expenses in the new year, TurboTax is offering a Refund Advance. With Refund Advance, TurboTax Online customers receiving a refund could get from $250 up to $3,000 typically in less than one day of IRS e-file acceptance.

The IRS typically starts accepting returns in late January or early February, and the IRS states that they will issue nine out of 10 tax refunds within 21 days after acceptance if you e-file with direct deposit. However, with TurboTax Refund Advance, once the IRS accepts your tax return, you may be able to access your funds within three hours. You can get the money you need when you need it most.

How to Get a TurboTax Refund Advance

To be eligible for Refund Advance, you have to file before February 8, 2021 and have a minimum of a $500 expected refund. The great part is, TurboTax Refund Advance has no hidden fees — there are $0 loan fees and 0% APR.

Get your refund you deserve when you need it. And, with TurboTax Refund Advance, you can spend your refund anywhere Visa is accepted, including online. With a zero cost, zero fee Refund Advance, TurboTax puts financial empowerment at your fingertips by putting money in your pocket when you need it.

If you are eligible and choose a TurboTax Refund Advance, there are 3 easy steps to follow:

  • Right before you file, choose Refund Advance for your refund option.
  • If approved, you can usually start spending online within one hour. Your physical Turbo® Visa® Debit Card will arrive in 5-10 business days. Visa® is accepted in the U.S., and TurboTax Refund Advance is available in amounts of $250, $500, $750, $1,000, $1,500 $2,000, $2,500, and $3,000. And, know that your credit will not be affected if you choose to use the refund advance.
  • Once the IRS processes your return, the remainder of your refund (minus the Refund Advance amount) will be loaded onto your Turbo Card – this is usually within 21 days.

How spending online works:

Once your Refund Advance is approved, you’ll receive an email with instructions to set up your account. Then, when your account is set up, you can start spending online with your TurboSM Prepaid Visa© Card information anywhere Visa is accepted in the U.S. You can also withdraw your refund cash at more than 19,000 surcharge-free ATMs across all 50 states.

So please — sit back, relax and enjoy the season knowing that your refund is at your fingertips with TurboTax.

Continue reading

This post was originally published on this site