Success story here! Filed through Credit Karma on Feb 1, had a DDD of 2/24 (same as you), and it actually showed up early on 2/23! According to https://www.irs.gov/refunds, deposits can take 1-5 days to process through the banking system after the IRS releases them. I was surprised to learn from the IRS Refund FAQ that even though they give a specific date, it's really more of a "release date" than a guaranteed deposit date. The banking system has its own timeline that the IRS can't control.

Filed through Credit Karma/TurboTax on 2/3 with a DDD of 2/24, and mine finally showed up this morning (2/26)! I was starting to panic yesterday when it didn't appear on the scheduled date. Called my bank (Wells Fargo) and they explained that tax refunds sometimes take an extra 1-2 business days to post even after the IRS releases them. Apparently the funds go through multiple clearing houses before reaching our accounts. For anyone still waiting - check your account early in the morning, that's when mine posted (around 6 AM). Hang in there, it's probably just the normal banking delay!

Quick tip that helped me with a similar situation... If you're using free filing options, when you get to the part where they try to upsell you to a paid version for the 1099, just close the window and try FreeTaxUSA instead. Their free version handles "Other Income" no problem. I reported my medical study payment ($1500) that way last year with no issues!

I had almost the exact same situation last year! Got a 1099-MISC for participating in a clinical research study ($800). The key thing to remember is that this isn't self-employment income since it was a one-time payment for your participation, not an ongoing business. You definitely don't need to upgrade to premium tax software. I used the free version of FreeTaxUSA and reported it on Schedule 1 as "Other Income" (line 8z). The income gets added to your total taxable income but you won't owe the additional 15.3% self-employment tax that actual business owners pay. Just make sure to keep that 1099-MISC form in your records since the IRS has a copy too. The good news is this won't affect any of your other tax benefits like the standard deduction - it just gets taxed at your regular income tax rate.

Why not just wait for ur refund? These loans are basically legal robbery fr

I feel you on needing the money fast! Just wanted to mention that if you do go with TurboTax's refund advance through First Century Bank, make sure you read all the fine print on fees. Sometimes it's worth calling the IRS refund hotline (1-800-829-1954) to get a better idea of your refund timeline first - they might be able to give you more specific info than the online tool. Also, some credit unions offer small emergency loans with way better terms than these tax refund advances if you have time to apply.

Keep that Credit Karma account closure documentation just in case you need it later. Sometimes these things come back to haunt you

Had this exact same situation happen to me two years ago with TurboTax and Chime. The IRS check definitely comes straight to you - they don't coordinate with the tax prep companies for refund advance repayments. Just make sure you keep enough to pay back the advance when TurboTax comes calling for it (usually within a few weeks). The advance and your actual refund are totally separate transactions in the IRS system.

Does anyone know if making the 475f MTM election affects trading in retirement accounts at all? I day trade in both my personal account and my Roth IRA.

Just wanted to add one more important detail that hasn't been mentioned yet - make sure you're actually qualifying as a "trader" rather than an "investor" before making the 475(f) election. The IRS has specific criteria for this, including trading frequency, holding periods, and whether trading is your primary business activity. If you don't meet the trader status requirements, the election won't be valid and you could face issues down the road. The basic test is whether you're engaged in trading as a trade or business, not just for investment purposes. Things like having substantial trading activity, short holding periods, and deriving income from daily market movements rather than long-term appreciation all support trader status. I'd recommend documenting your trading activity thoroughly to support your qualification if the IRS ever questions it.