Why is there a $40 money movement fee

Forum|Forum|1 year ago
January 24, 2025
1 reply
0 views

Then why do we pay 3 different fees is the live feed something we can go to through out the year

xmasbaby0

Employee

Are you trying to ask about the $40 "refund processing fee?" That is an extra fee you pay if you choose to pay for using TurboTax software by having the fees deducted from your federal refund. You do not have to do that. You can avoid that fee by paying BEFORE you e-file with a credit or debit card.

If you choose "refund processing"--- your federal refund goes from the IRS to a a third party bank. The bank takes out the amount you owe to TurboTax, keeps the $40 for itself, and then sends the rest of the refund to you.

How can I see my TurboTax fees?

https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k

What is Refund Processing Service?

**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.**