FWIW, I've done the SBTPG thing twice now. It's def both credit and refund based. They do a soft pull (doesn't hurt ur score) and look at ur expected refund amt. IME, they approved me for about 40% of my expected refund. My credit isn't amazing (mid-600s) but not terrible either. The bigger advance ($7k) is gonna require better credit than the smaller advances. If u usually qualify for the $4k one with TT or HRB, you're prob in an ok position, but no guarantees.

According to SBTPG's terms and conditions under section 4.3(b) of their Refund Advance Agreement, approval is "subject to underwriting criteria including but not limited to verification of tax refund claim and credit evaluation." I went through this process this January and can confirm they do evaluate both. My refund was projected at $12,400, and I was approved for a $5,000 advance with a credit score of 710. Would like someone to confirm if this is typical or if I should have qualified for more?

If you compare this to other tax situations, HOH with both EITC and CTC is definitely in the "slower processing" category. I've prepared returns for clients in similar situations, and I'm seeing about 30-45 days for processing compared to 14-21 days for simpler returns. This is actually faster than during the COVID years when these same returns were taking 60+ days. The best approach is to create an account on IRS.gov and check your transcript - it will show movement long before TurboTax updates their status.

It's like TurboTax and the IRS are two different planets with occasional radio contact. Your return could be happily processing in IRS land while TurboTax is still showing it as pending in TurboTax world. I was shocked when I learned how disconnected these systems actually are - it's like sending a letter and assuming it's lost because the post office doesn't text you updates. Always check directly with the IRS through their Where's My Refund tool or by getting your transcript. The tax credits you mentioned basically put your return in the "extra scrutiny" pile, which is like getting in the slow lane at airport security.

I processed a return on February 8th with only the $500 ODC (no EITC or ACTC) for a client. The 846 Refund Issued code appeared on their transcript exactly 16 days later, and the deposit hit their account on February 27th. The PATH Act verification period had zero impact on their processing time. The IRS's Modernized e-File (MeF) system handles ODC-only returns through the standard workflow.

According to Internal Revenue Code §6402(m) and the Protecting Americans from Tax Hikes Act of 2015, the mandatory holding period applies specifically to returns claiming EITC under §32 or ACTC under §24(d). The Other Dependent Credit falls under §24(h)(4) and is not subject to these heightened verification procedures. Your return should follow standard processing guidelines as outlined in IRM 21.4.1.3 (Processing Time Frames).

This is a common issue with the W-4 redesign that occurred a few years ago. The form no longer uses allowances, which has created withholding discrepancies for many taxpayers, especially those with straightforward tax situations like your daughter's. The Marginal Propensity to Withhold (not an official term, but appropriate) is now calculated differently, and many employers' payroll systems haven't fully optimized for these changes. For 2024, she should consider filing a new W-4 with her employer and either specify an additional amount to withhold on Line 4(c) or check the box in Step 2(c) if she has multiple jobs.

I solved this exact problem for my daughter last year. Would you believe her income was almost identical - $32,900? The issue is the withholding calculations. Have you checked if she's claiming herself as a dependent on her own return? Or could you possibly be claiming her on yours? Because that would create exactly this situation. I had my daughter adjust her W-4 to withhold an additional $30 per paycheck (assuming biweekly pay), and this year she got a $212 refund instead of owing. The withholding system isn't perfect, is it? But with a small adjustment, you can fix it for next year.

Tax pro here. There's def confusion in this thread. The IRS doesn't offer EITC advances directly. What you've likely applied for is an RAL (Refund Anticipation Loan) through your prep software. These aren't IRS products but 3rd-party loans based on your expected refund. The approval process is handled by the lender, not the IRS. Check your filing confirmation emails for info about the loan provider and contact them directly. They'll have a separate approval process that has nothing to do with your transcript codes.

This whole EITC advance situation is a mess every year! 😂 I've gone through this rodeo before and learned it's all about who you filed with, not the IRS. H&R Block, TurboTax, etc. all have different "advance" programs with different lenders and timelines. The IRS transcript won't show anything about these because they're private loans. Best community wisdom: check who the actual lender is (usually buried in the fine print of what you signed) and contact them directly. Your tax preparer is just the middleman and often knows nothing about the loan status.