IRS Announces E-File Open Day! Be the First In Line for Your Tax Refund

The IRS announced Monday, January 27, 2024 as the beginning of the nation’s 2025 tax season when the agency will begin accepting and processing 2024 tax year returns. Don’t wait to file. File today with TurboTax, and be first in line for your tax refund! Although the IRS has not yet begun accepting e-filed tax returns, TurboTax securely holds your completed taxes, and transmits them to the IRS and the state when they open for e-file.

Whether you want to do your taxes yourself, get help along the way, or just fully hand over your taxes to a tax expert, TurboTax is ready to help you get your biggest refund.

For millions of Americans, the tax refund, averaging over $3,000, represents the largest paycheck of the year. Getting fast access to those funds can be indispensable. According to a generational tax survey conducted on behalf of TurboTax by Talker Research, 93% of Gen Z expects to get a refund this year and they plan to use their refund to pay for necessities. In fact, access to faster refunds would mean they are able to avoid debt fees (20%), pay rent on time (35%), and pay off debt (35%).

Combined with e-file, direct deposit is the fastest way to get your tax refund. Overall, the IRS anticipates nine out of 10 taxpayers will receive their refund within 21 days or less when they file electronically with direct deposit if there are no issues with their tax return. 

Get your tax refund up to 5 days early* with TurboTax 

You could get your tax refund up to 5 days earlier¹ in your own bank account for a fee or in a Credit Karma Money™ checking account** for no additional cost. Select the up to 5 days early or Credit Karma Money deposit option when you’re ready to finish and file inside TurboTax.

Get a Refund Advance for $0 Fees and 0 Interest

Refund Advance – TurboTax will continue to offer its no fee, no interest loan for those filers who need funds immediately. You can get approved to receive up to $4,000,² delivered in as little as 60 secs after IRS acceptance of your tax filing,³ into a Credit Karma MoneyTM account. $0 loan fees, 0% APR, no credit score impact.

Refund Advance and 5 Day Early Program not to be combined.

Disclosures:

Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services. For more information about Intuit Payments’ money transmission licenses, please visit https://www.intuit.com/legal/licenses/payment-licenses/. 

*If you choose to pay your tax preparation fee with TurboTax using your federal tax refund or if you choose to take the Refund Advance loan, you will not be eligible to receive your refund up to 5 days early. The 5-day early program may change or be discontinued at any time. Up to 5 days early access to your federal tax refund is compared to standard tax refund electronic deposit and is dependent on and subject to IRS submitting refund information to the bank before release date. The IRS may not submit refund information early.

^**Credit Karma is not a bank. Banking services for Credit Karma Money accounts are provided by MVB Bank, Inc., Member FDIC. Maximum balance and transfer limits apply per account. 

1 Up to 5 Days Early to Your Bank Account: Personal taxes only. Your federal tax refund will be deposited to your selected bank account up to 5 days before the refund settlement date provided by the IRS (the date your refund would have arrived if sent from the IRS directly). The receipt of your refund up to 5 Days Early is subject to IRS submitting refund information to us at least up to 5 days before the refund settlement date. IRS does not always provide refund settlement information up to 5 days early. You will not be eligible to receive your refund up to 5 Days Early if (1) you take a Refund Advance loan, (2) IRS delays payment of your refund, or (3) your bank’s policies do not allow for same-day payment processing. Up to 5 Days Early fee will be deducted directly from your refund prior to being deposited to your bank account. If your refund cannot be delivered up to 5 Days Early, you will not be charged the up to 5 Days Early fee. Up to 5 Days Early program may change or be discontinued at any time. 

2 Refund Advance is a loan issued by First Century Bank, N.A. or WebBank, neither of which are affiliated with MVB Bank, Inc., Member FDIC. Refund Advance loans issued by First Century Bank, N.A., are facilitated by Intuit TT Offerings Inc. (NMLS # 1889291), a subsidiary of Intuit Inc. Refund Advance loans issued by WebBank are facilitated by Intuit Financing Inc. (NMLS#1136148), a subsidiary of Intuit Inc. Terms apply. Learn more here: https://turbotax.intuit.com/refund-advance.

3 IRS accepts returns starting late-Jan. Acceptance times vary. Most customers receive funds within 15 minutes of acceptance.