My refund amount on IRS transcript is $800 more than what TurboTax shows - filed with refund advance and fees taken out, no DDD yet

The difference is likely due to the refund transfer fee and any other fees you authorized TurboTax to deduct from your refund. When you choose to have fees taken out of your refund, TurboTax creates a temporary bank account where your full refund from the IRS goes first. Then they deduct their fees from that account before sending the remainder to you. Here's what's probably happening: - IRS sent full $3,450 to the temporary bank account set up by TurboTax - TurboTax is taking out their fees (filing fees, state fees, refund transfer fee) - The remaining $2,650 is what you'll actually receive You should check your TurboTax receipt/confirmation to see the breakdown of all fees. The refund transfer service itself usually costs around $40, but if you also paid for the software, state filing, and other add-ons, those could easily add up to the difference you're seeing. As for the delayed deposit, if your DDD was 5/12, banks typically take 1-5 business days to process after that date. If you don't see it by the end of this week, I'd contact your bank.

Hey, I was in almost the exact same situation last month! Super frustrating trying to figure out why the amounts were different. I finally got tired of calling and getting nowhere, so I tried taxr.ai and it was a game changer. It analyzed my transcript and immediately showed me where all my money went - including how the temp account process works with TurboTax and exactly what fees were taken out. I was able to see line by line what happened instead of trying to be a detective piecing together info from different sources. I use it every week now to check my account for changes. Seriously, check out https://taxr.ai - it saved me so much headache!

After banging my head against the wall for weeks trying to get through to the IRS about a similar issue, I finally found a solution! I used claimyr.com and got connected to an actual IRS agent who explained everything. They confirmed that the difference was because of all the TurboTax fees AND they helped me track exactly where my refund was in the process. Talking to a real person made all the difference - they even gave me the exact date my bank would receive the deposit. Honestly it was the best money I've ever spent considering I was about to lose my mind waiting and wondering.

This happens every year with TurboTax and people are always shocked by it. When you choose to have your fees taken out of your refund, you're actually paying EXTRA for that privilege! The regular filing fees plus state plus the extra "convenience fee" for taking it from your refund adds up fast. Plus if you got any add-ons like audit protection or max refund guarantee, those aren't cheap either. The system is working as designed - TurboTax gets paid first, you get what's left. Check your original filing confirmation for the exact breakdown.

The IRS is sending the full amount to TurboTax's temp bank. Then TurboTax takes their cut and gives you what's left. That $800 difference is all their fees. I stopped using them years ago because of this exact issue - they're not transparent about how much they actually charge until it's too late.

Exact same thing happened to me! I was PISSED when I saw the difference until I went back and added up all the fees. The refund advance application (even though you got denied), the state filing, the deluxe/premium whatever package, the refund processing fee, and the "convenience" of having fees taken from your refund ALL cost extra. TurboTax is basically a giant fee factory at this point.

As for the delay, even though your DDD was 5/12, if you chose to have fees taken out, it adds extra time. The money has to go to TurboTax's bank first, then they take their cut, then they send the rest to you. That whole process can add 3-5 business days beyond your DDD.

Pro tip for next year: NEVER choose to have fees taken out of your refund! It's always cheaper to pay the fees upfront with a credit card. The "refund transfer" or "refund processing" fee is basically just an extra charge for the convenience of not having to pay upfront.

check ur bank account details in turbotax to make sure they have the right account. sometimes if there's an issue with the bank info, turbotax will hold the money or send you a check instead which takes way longer.

Ok I'm seeing everyone focus on the fees, which is prob right, but also consider this: do you have any offsets? Like do you owe back child support, student loans, or state taxes? The IRS might have taken some of your refund to pay those. Just another possibility to consider.

Wait patiently for another few days. The transfer from TurboTax to your actual bank can take 3-5 business days after your DDD. If you don't see anything by next Monday, then start making calls again.

TurboTax is THE WORST! Classic bait and switch with their fees. I had almost the exact same thing happen but was missing $750 from my refund. I was so mad I took screenshots of everything and reported them to the Consumer Financial Protection Bureau. Didn't get my money back but at least it felt good to report them lol

this is why i always check the fee breakdwn before submitting! turbotax hits you with: - software fee ($50-120) - state filing ($40-50 per state) - audit protection if you clicked yes ($40-60) - refund processing fee ($40) - refund advance application fee (even if denied!) it adds up fast. always pay the fees with a credit card directly if you can, never from your refund!

Download your TurboTax PDF and look at the very last pages. There should be a section called "Bank Fee Disclosure" or something similar that shows exactly what they charged you. Be warned: you're gonna be mad when you see it all itemized 🤡

Somethings not adding up... Even with ALL the TurboTax fees, $800 seems excessive. I'd demand an itemized breakdown from them. Make them explain every penny of that difference.