(That's also why CK Tax, which was sold to Square / Cash App then to gain antitrust approval for Intuit buying CK, wasn't rebranded Cash App Taxes till this year.) Though CK is now part of Intuit, it remains fully separate from TurboTax.Īlso, TurboTax carried over its long-standing practice of requiring a new card for Refund Advance every year. The changeover is related to Intuit's purchase of Credit Karma, which occurred in late 2020 too late to be fully implemented last tax season. Perhaps part of the confusion is that the IRS wasn't supposed to officially accept returns till today, though it's normal for the IRS to approve certain early-filed TurboTax returns ahead of the official launch date. ![]() It is indeed First Century Bank that approves or denies the Refund Advance loan. Not to mention I also called first century bank who told me I wasn’t denied … I still have no legit answer or reasoning to why I was denied after ten years of approval same job same situation higher credit score ![]() Once again I have never been denied so I truly feel like it’s an error and something wrong with the credit karma and turbo tax deal. He just doesn’t see the normal code for people who have received the advance today. I was not only made to get a credit karma card when I already have the turbo tax card from previous years but a gentle man finally just told me I was denied… I asked the reasoning and he said he couldn’t tell me. I called today 1/24/22 twenty times and got transferred back and forth between turbo tax and credit karma who both seems to have conflicted information on who approves or denies the refund advance. This year it’s accepted my return on Friday 4:30 pm 1/21/22 and I did not receive the advance like I normally would within the hour or two. I have been doing taxes in turbo tax for 10 years now and have always got a refund advance when the irs accepts my return. It’s the worst thing they have ever done. Availability is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards & approval.I just want to give my persons opinion on the usage of credit karma teaming up with turbo tax this year. Pre-qualify is ATC application and applicant must undergo additional criteria from provider MetaBank®. You must first qualify to apply and if pre-qualified you have a higher chance of actual loan/advance approval. Limited time offer at participating locations.Ģ Pre-Qualify application does not guarantee a loan approval. 0 fees - 0% interest! Ask ATC Tax Pro for details. There is no cost to the taxpayer to receive an advance. ![]() The Bonu$ is not a "personal loan" and approval is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards. Fees for other optional products or product features may apply. Tax returns may be filed electronically without applying for this loan. The amount of the advance - $200 to $500 - will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer. 1 $500 Bonu$ – also referred to as Free Tax Loan – is an optional tax refund related loan, not your tax refund, and is via ATC Advance for qualified individuals (Not EML).
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