Advertisement




Can TurboTax Mess Up My Taxes? Does TurboTax Take Money From Your Refund?

By

Posted On

in

100% Accurate Expert-Approved Guarantee: If you pay an IRS or state penalty (or interest) because of an error that a TurboTax tax expert or CPA made while providing topic-specific tax advice, a section review, or acting as a signed preparer for your return, we’ll pay you the penalty and interest.

Advertisement



TurboTax does not receive any kind of tax refund, federal or state.

If you requested to have the TurboTax account fees deducted from your federal tax refund, the IRS will send the refund to a third party processor to have the fees and the service charge deducted.

Advertisement



image via: Intuit tax and Financial Center

The third party processor will deduct the TurboTax fees plus the service charge and then attempt to direct deposit the remaining refund balance into the account that you entered on your tax return.

If you choose to have your TurboTax fees deducted from your Federal refund, then there is a charge for that service, which charged by the bank that handles the transaction.

You can pay by direct debit, or credit card to avoid the fee.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News