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Employee
February 10, 2020
Solved

Re paying back my Refund Advance

  • February 10, 2020
  • 1 reply
  • 0 views

Just cerous, im getting 420 back from CA State, took 750 advance, will turbo tax take the 420 to apply it to my advance or will they wait tell my IRS refund to get direct deposit, CA already approved my Refund and irs still processing i believe IRs we issue by the end of tbe week 

    Best answer by bluedeb

    TurboTax will take the loan amount out of your Federal refund before you get your direct deposit, then they will issue you the remaining refund amount.

    1 reply

    bluedeb
    bluedebAnswer
    Employee
    February 10, 2020

    TurboTax will take the loan amount out of your Federal refund before you get your direct deposit, then they will issue you the remaining refund amount.

    Employee
    February 10, 2020

    So State will be deposited into my account, but turbo wont take it, only IRS 

    bluedeb
    Employee
    February 10, 2020

    Correct, you will receive your full State refund.  The loan repayment only comes out of your Federal refund.