TurboTax Refund Advance: Get Up to $4,000 Fast in 2022

What is TurboTax Refund Advance?

TurboTax Refund Advance is a loan provided by First Century Bank, N.A., Member FDIC, that allows you to access up to $4,000 of your expected tax refund before the IRS issues it. This can be a great way to get cash quickly if you need it for unexpected expenses or to cover holiday costs.

How does TurboTax Refund Advance work?

To apply for TurboTax Refund Advance, you must meet the following eligibility requirements:

• You are expecting a federal refund of $500 or more.
• You have a valid Social Security number.
• You are at least 18 years old.
• You are a U.S. citizen or resident alien.
• You are not filing certain IRS forms (1310, 4852, 4684, 4868, 1040SS, 1040PR, 1040X, 8888, or 8862).

If you meet these requirements, you can apply for TurboTax Refund Advance when you file your taxes with TurboTax. The application process is quick and easy, and you will receive a decision within minutes.

If you are approved for TurboTax Refund Advance, the loan amount will be deposited into your Credit Karma MoneyTM checking account. You can then use your Credit Karma Visa® Debit Card to access your funds.

How much does TurboTax Refund Advance cost?

There are no fees to apply for or receive TurboTax Refund Advance. However, there is a 0% APR and $0 loan fee.

How do I repay TurboTax Refund Advance?

Your TurboTax Refund Advance loan is automatically repaid when the IRS processes your tax refund. The amount of your loan will be deducted from your refund, and the remaining balance will be deposited into your Credit Karma MoneyTM checking account.

What are the benefits of TurboTax Refund Advance?

There are several benefits to using TurboTax Refund Advance, including:

• Get cash quickly: You can get up to $4,000 of your tax refund in as little as 30 seconds after the IRS accepts your return.
• No fees: There are no fees to apply for or receive TurboTax Refund Advance.
• Easy application process: The application process is quick and easy, and you will receive a decision within minutes.
• Convenient access to funds: You can use your Credit Karma Visa® Debit Card to access your funds anywhere Visa® is accepted.

What are the risks of TurboTax Refund Advance?

There are a few risks to consider before applying for TurboTax Refund Advance, including:

• You may not qualify: You may not qualify for TurboTax Refund Advance if you do not meet the eligibility requirements.
• Your loan amount may be less than you expect: The amount of your loan will be based on your expected tax refund, and it may be less than you expect.
• Your refund may be delayed: If the IRS delays processing your tax refund, your TurboTax Refund Advance loan may also be delayed.

Is TurboTax Refund Advance right for me?

TurboTax Refund Advance can be a great way to get cash quickly if you need it. However, it is important to consider the risks before applying. If you are not sure whether TurboTax Refund Advance is right for you, you should talk to a tax professional.

How to apply for TurboTax Refund Advance

To apply for TurboTax Refund Advance, you can follow these steps:

1. Visit the TurboTax website.
2. Click on the “File” tab.
3. Select the “Refund Advance” option.
4. Follow the instructions on the screen.

You will need to provide your personal information, your tax information, and your banking information. Once you have submitted your application, you will receive a decision within minutes.

TurboTax Refund Advance is a great way to get cash quickly if you need it. However, it is important to consider the risks before applying. If you are not sure whether TurboTax Refund Advance is right for you, you should talk to a tax professional.