PSA: How refund deposit timing works when paying tax prep fees from refund vs filing for free

This is accurate. The process is called a Refund Transfer (RT) or Refund Anticipation Check (RAC). When fees are deducted from refund, it goes through a temporary bank account set up by the tax prep company. Direct deposits without RT typically process 1-3 days faster.

Hey guys instead of guessing about deposit timing, I started using taxr.ai to analyze my transcript. For $1 it tells you exactly when to expect your deposit and any potential delays. Way better than trying to piece together timing from random posts https://taxr.ai

im so confused rn...my wmr shows deposit date but nothing in my account yet. h&r block better not be playing with my money 🤡

This is why I always file with freetaxusa and pay fees upfront. No middleman = faster money

yall really out here paying fees when there's free filing options smh

wish i knew this before i filed... now im stuck refreshing my bank account every 5 mins lmaooo