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
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.
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Lia Quinn
fr fr this is just predatory lending with extra steps 🤡
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Monique Byrd
ugh wish i knew this before i paid for it ðŸ˜
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Jackie Martinez
Yeah its basically the new version of those sketchy refund anticipation loans from back in the day
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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
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Asher Levin
how accurate is it? sounds too good to be true
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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
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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
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Serene Snow
I did it last year its not worth the $25 tbh
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Issac Nightingale
The whole tax system is a joke. Why should we have to pay extra to get OUR money back faster? 🤮
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Romeo Barrett
preach! 💯
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Marina Hendrix
its actually from when the irs releases the funds from what i understand. but yeah total ripoff
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Justin Trejo
Does anyone know if you can cancel it after you already signed up?
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Jackie Martinez
You should be able to cancel within 24 hours of signing up. Contact TurboTax support asap
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