2024 Tax refund shows as "sent to bank" by Feb 26 - No bank account, will Liberty Tax receive it instead?

Yes, Liberty Tax and most tax prep companies can absolutely set up your refund to go to them first. This is commonly called a Refund Transfer (RT) or similar service. Here's how it works: - Liberty creates a temporary bank account in their name - Your refund gets deposited there - They take out their fees - They issue you the remainder via check or prepaid debit card When you signed your paperwork at Liberty, you should have authorized this arrangement. Check your tax return copy - look at Form 8888 or the direct deposit section of your 1040 to see what account information is listed. The account info won't be yours since you don't have an account. If you're still concerned, just call the Liberty Tax office where you filed and confirm - they can tell you exactly how and when you'll receive your remaining refund amount.

I was in a similar situation last year and found taxr.ai to be insanely helpful. Instead of stressing about where my refund was going, I uploaded my transcript and it explained exactly what was happening with my refund status. It showed me the exact bank routing info that was being used and the timeline I could expect. You should check it out at https://taxr.ai - it'll save you the headache of trying to decipher the IRS notices yourself.

I had the EXACT same problem with H&R Block last year. My refund showed as being deposited but I didn't have a bank account either. After calling them 50 times and getting nowhere, I finally found a way to get someone from the IRS on the phone using Claimyr.com - got a callback within an hour and they confirmed my refund had gone to a temporary account set up by H&R Block. The agent told me this is super common with tax prep services. Talking to a real person at the IRS was the only thing that gave me peace of mind!

Happened to me 2 years ago. liberty tax gave me a debit card with my refund on it after taking their fees. Check ur paperwork, it should say something about this. They don't mail checks much anymore fyi

This is called a refund transfer and yes it's totally normal. But just FYI, Liberty usually charges like $40-75 extra for this service (on top of their tax prep fees). Next year you might want to consider opening a bank account - even a simple online one - to avoid those fees. Or use a free filing service and get a paper check.

The IRS website is confusing AF and never actually shows the right info. My refund said it was deposited to a bank for 3 weeks before I actually got my check in the mail. The whole system is broken 🤡

Question - did you sign a form authorizing Liberty to recieve your refund? If not, you might have an issue. Otherwise you're probably fine, but definitely call them asap.

I worked at a tax prep place for 3 years. When clients don't have a bank account, we set up a temporary account to receive their refund, take our fees, then issue the rest on a prepaid debit card or paper check. This should have been explained to you when you filed, but some preparers rush through the process. Just contact your Liberty location and they'll explain the timeline. Usually takes about 1-2 business days after the IRS deposits the refund for them to process your payment.

Liberty did this for me. They'll either give you a prepaid card or a check. But heads up they take a FEE for this service on top of your tax prep fee! Mine was like $50 extra just to get my own money 😡

CALL THEM NOW!!! Don't wait. I had this happen with Jackson Hewitt last year and they claimed they "never received" my refund even though IRS said it was deposited. Took me 3 months to sort out and I had to get a Tax Advocate involved. Not saying Liberty will do this but DOCUMENT EVERYTHING and stay on top of them.

Did you pay for your tax preparation upfront or did you choose to have it taken out of your refund? If you chose the latter, then yes, they set up a temporary bank account, take their cut, and then either give you a check or load the money onto a prepaid card.

I need concrete answers like this too. I've been staring at my transcript like its written in another language trying to figure out where my money is going. The IRS website is useless

Call the liberty office where u filed ASAP! different locations handle this differently. some give checks, some use prepaid cards. but u need to confirm with them directly

I just wanna point out, for future reference, it would have been cheaper to use a free file service and get a paper check mailed to you. Liberty and other tax places charge SO MUCH for the "convenience" of getting your refund processed through them. If you're computer savvy at all, you could have saved probably $200+ between prep fees and refund transfer fees.

You can actually track the exact details of your refund by downloading your transcript from irs.gov. It'll show exactly what account number it's going to. The transcript has way more info than the where's my refund tool.

Same thing happened to my sister last month. Liberty Tax set up a temporary account, but they never told her when the money came in! She had to physically go to the office and demand her refund. They had received it 2 weeks earlier and 'forgot' to call her. Make sure you stay on top of them!!!