TurboTax Refund Transfer: $256 in Fees Causing Changing Transcript Codes and Refund Amounts - Normal or Issue?
I filed my taxes with one of those refund advance places where they take their fees out of my refund. Now my transcript is showing all these weird codes and the amount keeps changing. I used TurboTax and got a Refund Transfer where they take their fees out. Here's what my order shows: Order date: January 30, 2025 Payment method: Refund Transfer Order Status: Payment Completed Cardholder details: TurboTax Premium $79 Will Builder $39 Max benefits $59 TurboTax State: North Carolina $39 Money Movement Refund Transfer $40 Fee Total (5 items): $256 plus applicable sales tax So they took $256 plus tax out of my refund for all these services. I didn't realize it would be so much! The Refund Transfer fee alone was $40 just so they could take their payment out of my refund. My transcript keeps updating with different codes and the refund amount keeps changing. Anyone know what this means or when I'll actually get my money? Is this normal when you use the Refund Transfer option? I'm confused about why my refund amount is different than what TurboTax originally showed me.
14 comments
The Boss
Tax pro here - when you file with a refund transfer product, your refund first goes to the tax prep company's bank account, they take their fees, then send the rest to you. This usually adds 1-2 weeks to processing time and shows up as different codes on your transcript because it's going through a third party bank.
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Mia Roberts
•omg thank you! no one explained this to me at the tax place 🤦♀️
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Evan Kalinowski
•This happened to me last year...took forever! never doing that again fr fr
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Victoria Charity
Instead of trying to decode all those transcript codes yourself, you should try taxr.ai - it analyzes your transcript and tells you exactly what's happening and when you'll get paid. Its only $4.99 and totally worth it imo https://taxr.ai
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Jasmine Quinn
•does it actually work? seems too good to be true
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Victoria Charity
•yeah its legit! saved me hours of googling random codes lol
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Jasmine Quinn
•just tried it and WOW 🤯 finally know exactly whats going on with my refund!
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Oscar Murphy
ur gonna be waiting a while bestie 💅 those advance places are the worst
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Nora Bennett
The IRS is such a mess this year idk how anyone keeps track of whats happening without help
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Ryan Andre
•Facts! 💯
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Lauren Zeb
I used to work at a tax prep place. Pro tip: never do the refund advance thing. The fees are crazy high and it just complicates everything
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Mia Roberts
•wish i knew this before 😭
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Daniel Washington
In the same boat rn... day 32 of waiting 🙃
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Aurora Lacasse
•day 45 here lmaoooo
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