Why is TurboTax charging me $40?

Asked by: Prof. Nathanael Powlowski  |  Last update: February 9, 2022
Score: 4.1/5 (73 votes)

The first $40 fee is the cost of TurboTax Deluxe. The second $40 fee is for using your refund to pay for your TurboTax fees. This process is called refund processing.

Why is TurboTax charging me a fee?

That is the service charge of the third party processor who receives the federal tax refund from the IRS, deducts the TurboTax account fees and their service charge. Then deposits the remaining refund into the account requested by the taxpayer.

How do I avoid TurboTax processing fee?

Did you choose to have your TurboTax fee deducted form your federal refund? Avoid the extra $40 fee by paying upfront with a credit/debit card before you file.

Why is TurboTax charging me $50?

You appear to currently be in Online Self-Employed; at least that is what is shown underneath your question. ... So it sounds like $50 is the upgrade difference for moving from Deluxe to Self-Employed edition.

Why is TurboTax charging me a refund processing fee?

The Refund Processing Service is an option for paying your TurboTax fee by deducting it from your federal tax refund. It's a convenient way to pay for TurboTax if you don't have (or don't want to use) your credit or debit card.

Should I Use TURBO TAX or Hire a CPA?

34 related questions found

Why is TurboTax charging me $80?

If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return and start over with a lower priced edition. ...

Why is TurboTax charging me $200?

ii. If your TurboTax Online fees aren't quite what you expected, it's likely you upgraded to a more full-featured version, added a state, and/or chose one or more optional services or add-ons.

Why is TurboTax $60?

You appear to be using Online Deluxe Edition, which is a paid version--$60 for Federal and $50 for state (if applicable), and if you choose to pay the fees out of your Federal refund, there is an additional $40 service fee ($45 for California filers.)

Why do I have to pay $60 for TurboTax?

It sounds like you started off in TurboTax Deluxe, and then you got help from a live expert through TurboTax Live (this is an upgrade). If this is the case, the Deluxe program costs $50, and the upgrade to the live expert through TurboTax Live is an extra $60. You can see the pricing here.

Why do I have to pay for TurboTax free edition?

Free Edition is for simple returns that file a 1040 with no additional schedules, and is free as long as you don't select any add-ons or upgrades. Review your fees to find out why you're being charged.

Does TurboTax have hidden fees?

No. TurboTax does not have any hidden fees.

How do I switch to TurboTax for free?

How do i switch to the free edition
  1. If you haven't already done so, sign in at TurboTax.com and select the blue Take me to my return button.
  2. On the welcome back screen, in the left-side menu, select Tax Tools, and then select Clear & Start Over (see attached Tax Tools)
  3. Answer Yes in the pop-up to confirm.

Why is TurboTax charging me $120?

Why was I charged 120$?

It appears you are using Turbo Tax Deluxe, which has a fee for your Federal plus a separate fee for your State. Also if you opted to have your fees deducted from your refund, there is also a fee for this.

Is TurboTax completely free?

TurboTax has helped millions of qualifying Americans file their federal and state taxes for free through TurboTax Free Edition. TurboTax Free Edition is for simple tax returns only. With TurboTax Free Edition, you can feel confident that you're getting the biggest refund possible.

Is there a free TurboTax?

TurboTax Free Edition: $0 Federal + $0 State + $0 To File offer is available for simple tax returns only with TurboTax Free Edition. 100% Accurate Calculations Guarantee: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.

Why did TurboTax take money out of my account?

It sounds like you likely chose to pay your TurboTax fees out of your Federal refund. A bank debit can occur in a couple of situations. Either your Federal refund has been delayed at the IRS for a prolonged period of time, or the IRS has reduced the refund amount to where it no longer covered the TurboTax fees.

Can I get a refund from TurboTax?

Our Satisfaction Guaranteed (or Guaranteed Easy) policy says that if you're not satisfied with your TurboTax product, you can return it within 60 days of purchase for a full refund. ... To submit a refund request online, simply fill out our TurboTax Refund Request Form.

Can TurboTax take money from my bank account?

that TurboTax can takes its fees from your bank account. It is not TurboTax's fault that the IRS delayed your refund for identity verification. They sent you several emails telling you that they would be deducting the fees from your account; you could have called customer support about it before they deducted the fees.

Can TurboTax charge me?

If you pay for TurboTax out of your refund rather than a credit card, you'll typically be charged a fee of $39.99.

Why is TurboTax charging me $160?

It sounds like your return required forms and schedules not supported by the free version of TurboTax. Please click here to see the pricing tiers and the included tax situations. You might still qualify for IRS Free File.

How do I get rid of TurboTax live?

Here's what to do:
  1. With your tax return open, select File (if you don't see this, select the menu or 3-line icon).
  2. Proceed through the screens until you reach the Just a few steps left... screen, then select Start or Revisit next to Step 1: Review Your Order.
  3. On the Your order summary screen, select Remove TurboTax Live.

How do I pay my TurboTax fee?

To pay for TurboTax:
  1. Open or continue your return.
  2. Select File in the left menu and then select Start next to Step 1 Review your order.
  3. Select View payment options.
  4. Select Pay with credit card (or Pay with federal refund, if that option is available) to make your payment.

Can I switch from TurboTax Deluxe to the free edition?

You are able to downgrade from your current TurboTax version as long as you have not already paid or attempted to submit/e-file/register your return.

How do I cancel my TurboTax Deluxe purchase?

Go to Apps located in the right hand column, second down. Another window will open. Scroll down the list which is alphabetical and select TurboTax 2019. then select Uninstall and follow the prompts.

Why is TurboTax making me use Deluxe?

If we detect that your tax situation requires expanded coverage, like deductions for owning a home or self-employment income, we'll prompt you to upgrade to a version that supports the forms you need so we can maximize your tax deductions and ensure you file an accurate return.