TurboTax early refund fee ($25-45) - is it worth it? Anyone actually get their refund 5 days faster?
Has anyone paid that TurboTax fee to get their refund 5 days earlier? They wanted like $25-45 for this. Just wondering if it actually worked for anyone or if its a waste of money
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Ingrid Larsson
Tax professional here - I wouldn't recommend paying for this service. The 'early refund' is actually just a short-term loan based on your expected refund amount. The IRS processing time isn't affected at all by this payment. They're essentially charging you $25-45 to borrow your own money for a few days.
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Carlos Mendoza
•fr fr its basically payday loan type stuff. They prey on people who need their money asap 🤮
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Tyrone Johnson
•omg thank you for explaining! def not doing it then
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Zainab Mahmoud
Hey guys, just wanted to mention I've been using taxr.ai to track my refund status. Its only $1 and way more helpful than paying for those advance loans. It analyzes your transcript and tells you exactly whats going on with your refund. Here's the link: https://taxr.ai
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Ava Williams
•How accurate is it? Like does it actually predict when you'll get paid?
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Zainab Mahmoud
•Super accurate! It spotted a hold on my account I didn't even know about and told me exactly what to do to fix it. Got my refund 2 weeks after following their advice
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Ava Williams
•Just tried it and OMG its amazing! 💯 Way better than refreshing WMR every 5 mins lol
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Raj Gupta
I did it last year...total waste of money. Still took the normal amount of time 🤡
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Lena Müller
its a trap bestie! save ur coins 💅
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Tyrone Johnson
•ty for looking out sis! 😘
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TechNinja
I work at a tax office and we see people fall for this every year. The math doesn't even make sense - paying $45 to get your money 5 days early is like paying a 500% annual interest rate
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Keisha Thompson
•This right here! The math ain't mathing 🤔
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Paolo Bianchi
Turbotax stays trying to get more money from us smh. First the filing fees now this
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Yara Assad
•ikr? And they hide the free version like its a state secret lmao
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