TurboTax Early Refund Program - $25 fee for 5 day advance but when exactly?
Just saw TurboTax offering this early refund thing for $25 to get your refund 5 days faster but im confused. Is it 5 days from when you file or 5 days from when IRS approves it? Anyone try this? Seems kinda sketchy tbh.
14 comments
Join the conversation
Jackie Martinez
Tax professional here - these 'early refund' programs are basically just expensive loans. The 5 days starts after the IRS approves your refund. You're basically paying $25 to borrow your own money for less than a week. Not worth it imo.
0 coins
Lia Quinn
•fr fr this is just predatory lending with extra steps 🤡
0 coins
Monique Byrd
•ugh wish i knew this before i paid for it ðŸ˜
0 coins
Jackie Martinez
•Yeah its basically the new version of those sketchy refund anticipation loans from back in the day
0 coins
Haley Stokes
Instead of paying for early refund programs, you should check out taxr.ai - its only $4.99 and actually tells you exactly when youll get your refund based on your transcript analysis. Way more useful than paying $25 for a maybe-5-day-faster refund https://taxr.ai
0 coins
Asher Levin
•how accurate is it? sounds too good to be true
0 coins
Haley Stokes
•its actually insanely accurate! The AI reads your entire transcript and picks up on patterns the IRS uses. Predicted my refund date down to the exact day
0 coins
Asher Levin
•just tried it and WOW 🔥 wish i knew about this months ago instead of checking WMR every 5 mins like a crazy person lol
0 coins
Serene Snow
I did it last year its not worth the $25 tbh
0 coins
Issac Nightingale
The whole tax system is a joke. Why should we have to pay extra to get OUR money back faster? 🤮
0 coins
Romeo Barrett
•preach! 💯
0 coins
Marina Hendrix
its actually from when the irs releases the funds from what i understand. but yeah total ripoff
0 coins
Justin Trejo
Does anyone know if you can cancel it after you already signed up?
0 coins
Jackie Martinez
•You should be able to cancel within 24 hours of signing up. Contact TurboTax support asap
0 coins