Does turbotax send your taxes for you

To see our eligibility requirements, click here.

If you’re expecting a federal refund while filing your taxes with TurboTax, you will have the opportunity to apply for Refund Advance at the time you choose your refund method.

When the IRS or state tax authorities distribute your refund, your remaining refund amount (minus your Refund Advance amount from your federal refund and any other TurboTax fees) will be deposited into your checking account with Credit Karma Money.

When the IRS processes your federal refund, your Refund Advance loan is automatically paid back. You won’t have to do anything!

Your approved amount is based on the size of your federal refund (excluding any Recovery Rebate Credit) and your tax information, along with other factors. You may not receive the maximum Refund Advance amount if one of these factors doesn’t meet the qualifying standards of the lender.

We’ve worked closely with Credit Karma, LLC, MVB Bank, Inc., Member FDIC, and First Century Bank, N.A., Member FDIC to make this offer to you. As a TurboTax customer, Refund Advance is available to you at no extra cost. This is just another benefit of filing with TurboTax!

The third-party lender is First Century Bank, N.A., Member FDIC. With your consent, we will share your tax return information with First Century Bank, N.A., Member FDIC and its subsidiaries via SSL-encrypted transmission. They'll review your info to see if you qualify for the Refund Advance. Also, we will share the information that identifies you (i.e. your name, address, date of birth, SSN) with MVB Bank, Inc. when you open a checking account with Credit Karma Money.

If you qualify, you will be notified by email. The remainder of your refund (minus the Refund Advance amount and any TurboTax fees) will be loaded into your checking account with Credit Karma Money™ when the IRS or state tax authorities distributes your refund (typically within 21 days from IRS acceptance).

No. Applying for the Refund Advance will not affect your credit score.

*For Credit Karma Money Spend (checking) account: Banking services provided by MVB Bank, Inc., Member FDIC. Maximum balance and transfer limits apply. Refund Advance is a loan provided by First Century Bank, N.A., Member FDIC, not affiliated with MVB Bank, Inc., Member FDIC.

† Loan details and disclosures for the Refund Advance program:

If you are receiving a federal refund of $500 or more, you could be eligible for a Refund Advance, a loan provided by First Century Bank, N.A., Member FDIC, not affiliated with MVB Bank, Inc., Member FDIC. Refund Advance is a loan based upon your anticipated refund (minus any stimulus payment credit, also known as a Recovery Rebate Credit) and is not the refund itself. 0% APR and $0 loan fees. Availability of the Refund Advance is subject to satisfaction of identity verification, certain security requirements, eligibility criteria, and underwriting standards. This Refund Advance offer expires February 15, 2022, or until available funds have been exhausted, whichever comes first. Offer and availability subject to change without further notice.

Refund Advance is facilitated by Intuit TT Offerings Inc. (NMLS # 1889291), a subsidiary of Intuit Inc. Separate fees may apply if you choose to pay for TurboTax with your federal refund. Paying with your federal refund is not required for the Refund Advance loan. Additional fees may apply for other products and services.

You will not be eligible for the loan if: (1) your physical residence is located outside of the United States, a US territory, a PO box or a prison address, (2) your physical residence is in one of the following states: IL, CT, or NC, (3) you are less than 18 years old, (4) the tax return filed is on behalf of a deceased person, (5) you are filing certain IRS Forms (1310, 4852, 4684, 4868, 1040SS, 1040PR, 1040X, 8888, or 8862), (6) your expected refund amount (minus any stimulus payment credit, also known as Recovery Rebate Credit) is less than $500, or (7) you did not receive Forms W-2 or 1099-R or you are not reporting income on Sched C or Sched C-EZ. Additional requirements: You must (a) e-file your federal tax return with TurboTax and (b) open a Credit Karma Money Spend (checking) account with MVB Bank, Inc., Member FDIC. Maximum balance and transfer limits apply. Opening a Credit Karma Money™ Spend (checking) account is subject to identity verification. Please see Credit Karma Money Spend Account Terms and Disclosures for details.

Not all consumers will qualify for a loan or for the maximum loan amount. If approved, your loan will be for one of ten amounts: $250, $500, $750, $1,000, $1,500, $2,000, $2,500, $3,000, $3,500, or $4,000. Your loan amount will be based on a portion of your anticipated federal refund to a maximum of 50% of that refund amount (minus any stimulus payment credit, also known as Recovery Rebate Credit). You will not receive a final decision of whether you are approved for the loan until after you file your taxes. Loan repayment is deducted from your federal tax refund and reduces the subsequent refund amount paid directly to you.

If approved, your Refund Advance will be deposited into your Credit Karma Money™ Spend (checking) account, typically within 1 - 2 hours after the IRS acceptance of your e-filed federal return and you may access your funds online through a virtual card. Your physical Credit Karma Visa Debit Card* should arrive in 7 - 14 days. *Card issued by MVB Bank, Inc., Member FDIC pursuant to a license from Visa U.S.A. Inc.; Visa terms and conditions apply. Third party fees may apply.

If you are approved for a loan, your tax refund after deducting the amount of your loan and minus any agreed-upon fees will be placed in your Credit Karma Money Spend (checking) account. If you apply for a loan and are not approved, your tax refund minus any agreed-upon fees will be placed in your Credit Karma Money Spend (checking) account.

¹ Most customers receive funds for Refund Advance within 1-2 hours after IRS E-file acceptance. Estimated IRS acceptance begins late-January.