- This topic has 14 replies, 3 voices, and was last updated 7 years ago by .
-
-
People – these flurry-posters who say they’re getting their DDD 2/22 refunds already are marketing for their company. “I used to use BlahBlah bank (their competitor) but it was such a HASSLE. This year, I used what my best friend’s mother’s boyfriend’s accountant step-daughter uses: BlipBlop Bank’s RainbowDazzle card. And I got my refund already!”
They’re trying to convince you to use them next year. Don’t get worked up about people having those refunds already. They don’t; it’s BS.
“Butbut my neighbor went through Jackson-Hewitt and DID get hers yesterday!”
No- she didn’t.
If someone is *actually* getting their refund early, it’s because they chose to get what is essentially a LOAN against their coming refund through the tax preparer. That company is giving the person a LOAN for the amount of the refund, less the fees and interest, that will be paid back when the refund ACTUALLY arrives.
So if her refund was $4000, they might say that they’ll give her $3600 and will just keep her refund when it does come in.
It’s a cash advance scheme. Some people feel it’s worth it. But no one’s refund is actually a week, or several, early.
Whatever financial institution you’re currently using is FINE. Don’t get worked up that your bank or credit union is being a jerk for holding onto your funds for a week. They’re not.
-
Replies
-
-
I think its safe to say that if you pay the tax filing fee upfront, your deposit will be accessible more easier than if you did the return charge. Ill tell you one thing, yesterday after we discussed the 2/22 update, I saw my local mall’s parking lot FILLED with cars. I never do unless its Black Friday. So I know what happened in my city lol. I WILL be signing up for a BlipBlop Bank’s RainbowDazzle card in 2019 for this year’s taxes. They promised free cotton candy and poodle balloon animals.
-
No Loans and I do my own taxes… 1/25 accepted and Yes I have a DDD of 2/22 that is showing on WMR… I have both EIC and ACTC
So yes ppl have DAD’S without loans and some banks Will release funds on Tuesday if they have not.. Prepaid cards started releasing on last Friday
-
@NYMidFam is just being bitter. I have never received eatly bc I have chase. But I know friends who have bc they have a credit union OR a prepaid card. And no I have seen screen shots that say IRS Tres Tax ref. So gtfo with your bitterness
-
This is not true at all. Last year I filed with tt with no fees, and I did in fact get my refund on 2/16 with a direct deposit of 2/22. No loans or advances, just my full refund. This year I’m having my fees taken out of my refund and have not received it yet.
-
Lol, what’s the point of people lying. My friend recieved hers Friday evening. I’ve been very jealous since. But I know people aren’t lying.
-
There was a lady on here that works for a bank and she explained how this works at her bank, which makes this possible. However I can’t speak for anyone else only my experience with my personal banks.
-
@negasonic teenage warhead
Okay see yeah I have never heard of that but then again I never looked because I don’t do advances of any sort, because I am sure there is probably an additional fee for that huh….and I don’t need any more of my money going to fees.
@NYMidfam
Nope I have honestly gotten it a week in advance to a couple of days in advance. With Usaa I have gotten it a week in advance, the same with armed forces. However with navy federal only a couple of days, sometimes only one day. However with navy fed is when I started letting them take the fees out of my refund so idk and plus navy Fed almost never release anything early unless you call the day before it’s due to post. That is with everything in my experience.
-
-
Jay I agree however now tt does offer advances its currently just in the beta test phase for a few states but next tax year it will be open to everyone.
-
I did not have any fee’s I free filed I had it DD to my bank account… PNC bank. I have not received my DD yet. But my bank always holds funds until the hold is released from depositor.
-
Yeah you’re in denial……but what do I know. I have gotten my refund earlier that my DDD several times when I paid fees up front. However I guess I can attribute that to my imaginary advance that turbo tax doesn’t offer (that I am aware of) 😂😂
-
This is false people have screen shots to prove it. I personally know friends who got theirs.
-
-
Yeah that’s no true, there are a lot of people that actually received their refunds or their pending in their accounts. Most of us that are waiting had fees taken out. So yeah…..
-
- The forum ‘2018 Tax Season’ is closed to new topics and replies.