When your file your tax return successfully and you choose to pay your fees from your Federal refund, the TurboTax program considers the fee paid, even though the federal refund has not been released yet. … This is why you see “Payment Completed”.
Does TurboTax tell you when my refund is deposited?
Yes! You should receive notification(s) from TurboTax (email or text, depending on what you chose when preparing your taxes through the TurboTax software). As for direct deposits, it will generally take your financial institution 1-2 business days before the money is made available to you.
What does it mean when your taxes are accepted and complete?
Accepted means your tax return is now in the government’s hands and has passed the initial inspection (your verification info is correct, dependents haven’t already been claimed by someone else, etc.). After acceptance, the next step is for the government to approve your refund.
How do I know if I paid for TurboTax?
Check the printout or PDF of your return; look for the federal and state cover sheets with the Turbotax logo. If you owed tax, they will show the payment information and how you decided to pay.
How do I see pending payments on TurboTax?
No one at TurboTax can tell you if you have a pending deposit on your card. Your Turbo Visa card is issued by Green Dot Bank, not TurboTax. If you have any questions or need assistance with your Turbo Prepaid Visa Card, visit TurboDebitCard.com or call toll-free at (888) 285-4169.
Can my tax refund be rejected after being accepted?
Once your return is accepted by the IRS, it can’t be rejected. If anything, they may send a letter or notice requesting additional support if needed.
What day of the week does the IRS deposit refunds 2020?
They now issue refunds every business day, Monday through Friday (except holidays). Due to changes in the IRS auditing system, they no longer release a full schedule as they did in previous years.
Does processed mean approved?
Refund has been processed means that they have approved and are ready to send you your refund. Your return being processed mean that your tax return is being processed. Your status should change from being processed to accepted and then a date given for your refund.
How long does it take to go from accepted to approved 2020?
Once accepted, it can take anywhere from a few days to 3 weeks (21 days) to go from acceptance to approval, and this timeframe is unrelated to how, where, or when you filed, nor is it connected to how quickly you got your refund last year.
Does accepted mean my refund is approved?
“Accepted” implies that the tax return has been received by the government and has undergone an initial inspection (the data to be verified will be validated as correct if no one else has already declared the same data, etc.). The next move after approval is for the refund to be accepted by the government.
Why does TurboTax say my refund was accepted?
It simply means that your e-filed return is being processed and that the government hasn’t approved or rejected it yet. … Once that part’s done, the government approves your refund, which means it’s ready to be deposited or sent.
Is TurboTax actually free?
Is TurboTax Free. Edition really free? Yes. We guarantee you’ll pay nothing to file your simple federal and state taxes.
How long does TurboTax hold your refund?
Most refunds will be issued in less than 21 days. You can start checking the status of your refund within 24 hours after you have e-filed your return. Remember, the fastest way to get your refund is to e-file and choose direct deposit.