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February 20, 2025
Question

The IRS approved my refund, I am now at the second bar.I paid turbo tax to receive it 5 days sooner but the status went from approved to pending here what does this mean?

  • February 20, 2025
  • 1 reply
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    1 reply

    February 20, 2025

    The 5-day rule applies when the IRS has processed and approved your refund and a date for direct deposit has been given. For example, if you go on the IRS website and the Direct Deposit is "scheduled" for "February 27th", that's when TurboTax 5 Days Early Option kicks in; it is not based on an assumption of when it might be ready, but rather on the actual date provided by the IRS. 

    For more information click on the link below

    5 Days Early Option

     

    The 5 Day Early Deposit won't kick until a refund date is provided by the IRS. If it's still on pending status it means that the IRS has not indicated a refund date for TurboTax to initiate an early transfer.