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January 31, 2021
Question

What happens to the remaining amount of my refund once the loan is paid back from my return?

  • January 31, 2021
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1 reply

January 31, 2021

You will receive the remaining funds. The loan is just a portion of your tax refund. TurboTax is offering refund advance loans to those who qualify.  If you qualify the loan is offered at the time that you file your tax return. You do not get the money until the 2020 e-file has been ACCEPTED by the IRS. You also have to agree to receive your refund on a new prepaid TurboTax Visa.

https://turbotax.intuit.com/refund-advance/

The IRS will begin to accept/reject 2020 returns on February 12, 2021.

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