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February 24, 2020
Question

TurboTax Refund Processing Service timeline????

  • February 24, 2020
  • 1 reply
  • 0 views

I chose to do the refund processing service through TT so that I could have the fees deducted from my federal return. 

 

It's scheduled to be "sent to my bank" on 2/26/20.... it's going to TT first so how long will it take between reaching TT to actually showing up in my bank account???

    1 reply

    DoninGA
    Employee
    February 24, 2020

    If you requested to have the TurboTax account fees deducted from your federal tax refund, the IRS will send the refund to a third party processor to have the fees and the service charge deducted. The third party processor will deduct the TurboTax fees plus the service charge and then attempt to direct deposit the remaining refund balance into the account that you entered on your tax return.

     

    For the status of your tax refund you will need to contact the third party processor, Santa Barbara Tax Product Group, using their website - https://www.sbtpg.com/

     

    Tax Products Group Contact Information - https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information