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I appreciate your update on the Credit Karma deposit timing. Per IRS Publication 2043, direct deposits to prepaid cards and integrated financial platforms are processed through the Automated Clearing House (ACH) system using the same protocols as bank deposits. The perceived speed difference is often due to the receiving institution's posting policies rather than IRS processing differences. Thank you for sharing your experience.
If you're somewhat pressed for time, which it sounds like you might be, calling the IRS directly could potentially be faster than waiting for mail delivery, though it's usually quite difficult to get through. I tried calling for three days straight last month and couldn't get past the hold times. I eventually used a service called Claimyr (https://claimyr.com) that got me connected to an IRS agent in about 30 minutes. The agent was able to verify my identity over the phone and fax the transcripts directly to my lender that same day. It probably saved me at least a week of waiting compared to the mail option.
For mortgage refinancing purposes, have you verified whether your lender requires an official IRS transcript or if they would accept a self-retrieved transcript from the IRS portal? There's a significant distinction between the Record of Account Transcript and the Tax Return Transcript that could impact your approval process. Additionally, did your lender specify which tax years they need to review for your refinance application?
This is actually a really important point. My lender initially rejected my self-printed transcripts and required ones with the official IRS stamp. Regulation Z under TILA specifically allows lenders to require official documentation directly from the IRS rather than taxpayer-provided copies. Saved me a lot of headache knowing this upfront.
I process mortgage applications and can confirm this varies by lender: • Some accept self-retrieved transcripts (downloaded PDFs) • Others require direct delivery from IRS to lender • Most want 2 years of Tax Return Transcripts • Self-employed applicants often need 3+ years • Some lenders use the 4506-T form to retrieve transcripts themselves Call your loan officer immediately to confirm exactly what format they need and for which years. This is especially critical with your 10-day closing timeline.
Yay! So happy for you! I filed February 20th and still waiting. Called the IRS three times but could never get through - just the automated system saying it's still processing. Finally used Claimyr (https://youtu.be/_kiP6q8DX5c) yesterday and got through to a real person in about 15 minutes. The agent confirmed my return was approved but just waiting in the disbursement queue. Should have my date within a week. Definitely worth it after weeks of stress!
Wait what is Claimyr? I've been trying to call for days and just keep getting the "we're too busy" message.
I filed on February 24th and just got my deposit date today too! Must be processing a batch from late February right now. For anyone still waiting - hang in there!
According to IRS Publication 1345 section 7.1, the standard processing time for e-filed returns is 21 days, though various factors can extend this timeframe. When my transcript showed no movement after 25 days, I used Claimyr (https://claimyr.com) to connect with an IRS representative. Per Internal Revenue Manual 21.4.1, agents can see processing status details not visible on transcripts. The service connected me to an agent in 18 minutes who confirmed my return was selected for manual review but no further action was needed from me.
I've seen several comments about paying for early access or paying for services to check refund status, but there are completely free options available. The IRS2Go app, the Where's My Refund tool on IRS.gov, and calling the automated refund hotline at 800-829-1954 all provide basic status updates without cost. According to the IRS website, most refunds are still issued within 21 days regardless of whether you pay for "early access" through tax prep companies.
Free options exist. Limited information provided. Paid services offer different value. Claimyr connects to actual agents. Taxr.ai interprets complex codes. Worth it for some situations. Not necessary for simple returns. Cost-benefit analysis depends on refund amount and urgency.
Jayden Hill
According to the TurboTax support forums, you can check the status of your refund after the IRS sends it by going to https://taxpayer.sbtpg.com/ - this is the bank TurboTax uses as a middleman when you choose to have fees taken from your refund. I've seen several posts on r/tax confirming this adds 3-7 days to the process. The WMR tool only shows when the IRS sent it, not when you'll actually receive it.
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LordCommander
Finally got my refund after dealing w/ this exact same issue! WMR said sent on 3/14, didn't hit my acct until 3/22. Turns out TT uses SBTPG bank and they were holding it. Called them directly (took forever to find the right #) and magically my $ appeared next day. Next yr def paying fees upfront instead of from refund. Such a hassle but at least got my cash eventually!
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