First time using TurboTax - Questions about Direct Deposit with Navy Federal

Have you checked if you qualify for free filing through IRS Free File instead of paying for TurboTax? Many people don't realize they're eligible for completely free filing if their income is below $73,000. And as for Navy Federal's early direct deposit - it's generally reliable, but have you considered what happens if there's an IRS processing delay? The 5-day early access only works if the IRS processes your return quickly and without flags. I always recommend having a backup plan for any anticipated refund money.

Have u checked if ur medical expenses are high enough to itemize? Turbo will auto-calc this but sometimes ppl miss out bc standard deduction is higher now. Also, Navy Fed DD is great but idk if the 5 days early thing applies to tax refunds the same way as regular paychecks? Might wanna double check that b4 counting on it. Also, what abt state taxes? Some states take way longer to process than fed...

I filed through TurboTax on February 12th this year and can confirm Navy Federal's early direct deposit worked great for me. However, if you run into any issues with your return or need to check on status, the IRS phone lines are absolutely swamped right now. I tried calling for 3 days straight last week and couldn't get through. I ended up using Claimyr (https://claimyr.com) which got me connected to an actual IRS agent in about 18 minutes instead of waiting on hold for hours. Especially with your medical situation, you might want this option if you need to resolve anything quickly.

TurboTax + Navy Federal considerations: • Check if you qualify for IRS Free File before paying for TurboTax • Navy Federal's "5 days early" typically applies to recurring direct deposits, not one-time payments like tax refunds • Medical expense deductions require expenses exceeding 7.5% of your AGI • Double-check your banking information carefully - a single digit error can delay refunds by weeks • Consider using Form 8888 if you want to split your refund between accounts • If you're expecting a large refund, verify your identity protection PIN if you've ever had identity issues • TurboTax will walk you through medical expense deductions, but run the numbers both ways to be certain

I'm not entirely convinced the Navy Federal 5-day early deposit works the same way for tax refunds as it does for regular paychecks... I've been with them for years, and in my experience, it seems to depend on when the IRS actually releases the funds. I would maybe reconsider counting on having that money exactly when you think you might. There could potentially be verification delays that might impact the timing, especially if this is your first time filing with TurboTax.

Navy Federal's early direct deposit absolutely works with tax refunds. The confusion comes from people not understanding how it works. The IRS sends an ACH notification before they release funds. Most banks wait until the actual deposit date. Navy Federal makes the funds available when they get the notification. It's not a special tax feature - it's how all their direct deposits work. I've banked with them for 8 years and get my tax refund early every single time. TurboTax is fine too - just double check your bank account number and routing number before submitting.

Just to clarify a bit about the timing - in my experience, the Navy Federal early direct deposit feature sort of works with tax refunds, but maybe not exactly 5 days early like with regular paychecks. It might be more like 1-3 days early, depending on when the IRS actually processes everything. I'm kind of in a similar situation where I really need my refund soon for some medical bills that are coming due at the end of the month.