Why am I not being given the option to apply for a refund advance loan? Only given the option to receive a refund by direct deposit

Forum|Forum|5 years ago
February 2, 2021
4 replies
0 views

I’m receiving a refund of $6500. I’m 49 years old. I’ve been filing with TurboTax for several years.

TurboTax Deluxe Online

xmasbaby0

Employee

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

xmasbaby0

Employee

Refund Advance eligibility

The Refund Advance won’t impact your credit at all. Here are the eligibility requirements to qualify for Refund Advance loan.

Your federal refund is $500 or more (excluding any Recovery Rebate Credit).
You are 18 or older.
You cannot be a resident of North Carolina or Illinois
You are e-filing your federal tax return with TurboTax
Your physical address is the address listed on your tax return. It cannot be a P.O. Box or a prison address. Your address must be located in the United States and be from the eligible list of states for the Refund Advance program.
You are not filing one of these tax forms: 1310, 1040SS, 1040PR, 1040X, 8888, or 8862
You can’t file on behalf of a deceased taxpayer.
You also must be approved for a Turbo® Visa® Debit Card by Green Dot Bank, Member FDIC, the issuer of the card
You must report income on a Form W-2, 1099-R , Sched C, or Sched CEZ.

Boobiee17

I meet all of the requirements and still am not being able to get the advance.

Boobiee17

I am having the same issue. Is there a way that I can set up for the advance loan ? I have been getting it ever since I have been with turbo

mstokes1992

I am having this issue as well so someone needs to step up to looking to this.

ee-ea

Employee

@mstokes1992

See this info

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/offer-details-disclosures-refund-advance-program/L4ljXp6TI_US_en_US?uid=ld9q8wt1

mstokes1992

I'm not even getting an option for it.

Everyday28

I think it is because the IRS hasn’t opened yet. Once they start accepting online filing it should be available. Because in order to get the advance your return has to be accepted first. So wait until then. This year I think they start accepting online filing Saturday the 18th of January. Don’t send anything through officially until then, the option should pop up. Hope this helps!

xmasbaby0

Employee

@Everyday28 You posted to a thread that is more than three years old. Here is the current information about the refund advance:

The IRS will not be accepting e-files until January 29, 2025.

The refund advances are not issued until the IRS accepts your e-file.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/offer-details-disclosures-refund-advance-program/L4ljXp6TI_US_en_US?uid=lrp7nbvp

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

Refund Advance eligibility

Here are some of the eligibility requirements to qualify for a Refund Advance loan:

You’re 18 or older
Your expected federal refund amount is $500 or more
You’re not a resident of North Carolina, Connecticut, or Illinois
You’re e-filing your federal tax return with TurboTax
Your physical address is listed on your tax return. Your address must be located in one of the eligible states and can’t be a PO box or prison address
You’re not filing one of these tax forms: 1310, 4852, 4684, 4868, 1040SS, 1040PR, 1040X, 8888, or 8862
You aren’t filing on behalf of a deceased taxpayer
You must report income on a Form W-2, 1099-R, or Sched C
You must open or have an existing Credit Karma MoneyTM checking account1.

Everyday28

“You posted to a thread 3 years old” was shady for no reason. Regardless of when it was posted or when the IRS starts accepting. My answer is correct. The refund advance option won’t show until the IRS start accepting. The guy clearly stated he meets the requirements. You didn’t address the actual issue. Have the day you deserve