Refund rejected by Bank; returned to TURBO tax

Forum|Forum|1 year ago
April 24, 2024
1 reply
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My refund of $5,624 was rejected by my bank on February 22, 2024. Turbo tax received the money and took out their $202 fee, to send only $5,422 back to the IRS. That truly confused the IRS, because they can only search for a refund that matches the full amount on my tax return.

Or I can wait 6-months.

Please help.

Ask the Experts - Refund II - April 2024

CatinaT1

When your refund is rejected by the bank, it is sent back to the IRS. The IRS will then send a paper check to the address on your return.

When will I get my federal tax refund?

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amberplankAuthor

Actually- no they won't. Since they can't find that your bank (Turbo Tax's bank) returned an amount that is different than the original refund amount- (because the fees were collected) they will not refund the money with a paper check, until 6+ months. That what the IRS told me, anyway. It's not their "policy" to search for refunds that are different amounts, than what was originally sent. This is a HUGE issue.