What does it mean when the blue line is full on TurboTax?
What does it mean when the blue line is full on TurboTax?
When the blue line is complete, it means that the IRS has accepted your return and that you have an estimated refund date (if you are expecting a tax refund). Please note that the IRS issues most refunds within 21 days of your return being accepted.
Will TurboTax tell me when my refund is deposited?
If you requested a direct deposit of your tax refund, the IRS will not send you a notification at the time of delivery, so your deposit may already be in your account. With TurboTax you can be confident your taxes are done right, from simple to complex tax returns, no matter what your situation.
What happens if you mess up on TurboTax?
100% Accurate Expert-Approved Guarantee: If you pay an IRS or state penalty (or interest) because of an error that a TurboTax tax expert or CPA made while providing topic-specific tax advice, a section review, or acting as a signed preparer for your return, we’ll pay you the penalty and interest.
How long will it say pending on TurboTax?
24–48 hours
After that, e-filed returns generally sit in Pending status for 24–48 hours before coming back as either Accepted or Rejected. Sometimes state returns stay in Pending for several days or even longer.
Does the blue bar on TurboTax mean anything?
When the blue line is complete, this means that your tax return has been accepted by the IRS and you have an estimated date. TurboTax tracks whether your federal tax return has been accepted or rejected, and will provide an estimate on when you can expect to receive your tax refund.
What does the Green Line mean on TurboTax?
Accepted in TurboTax just means the government has received your return. That is the status of your return; not your refund. The next step would be for the IRS and/or your state to process your return and approve your refund. You can use the IRS Where’s My Refund site for the latest status on your federal tax refund.
How fast does TurboTax direct deposit?
9 times out of 10 Direct Deposits typically take less than 21 days. You can also track your refund by using : Our Wheres My Refund tool: https://turbotax.intuit.com/tax-tools/wheres-my-refund/
What time does IRS deposit refunds on TurboTax card?
The card usually arrives 7-10 days after your return is filed. The IRS releases most refunds within 21 days of the date that the IRS accepts the return. (exception: the IRS did not begin processing e-filed returns until 1/29, so if you filed before then, it would be approx. 21 days from that date).
Can you go to jail for messing up your taxes?
You cannot go to jail for making a mistake or filing your tax return incorrectly. However, if your taxes are wrong by design and you intentionally leave off items that should be included, the IRS can look at that action as fraudulent, and a criminal suit can be instituted against you.
How often is TurboTax wrong?
You can avoid all of these mistakes and more by e-filing your return using tax software such as TurboTax. According to the IRS , the error rate for paper returns is 21%, compared with less than 1% among e-filed returns. So, take human error out of the equation and e-file whenever possible.
How do you find out when IRS accepted my return?
Find out if Your Tax Return Was Submitted
- Using the IRS Where’s My Refund tool.
- Viewing your IRS account information.
- Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.)
- Looking for emails or status updates from your e-filing website or software.
How much does it cost to file taxes with Turbo Tax?
TURBOTAX ONLINE/MOBILE Try for Free/Pay When You File: TurboTax online and mobile pricing is based on your tax situation and varies by product. $0 federal (for simple tax returns) + $0 state + $0 to file offer only available with TurboTax Free Edition; offer may change or end at any time without notice.
What is TurboTax live and how does it work?
One of TurboTax’s most outstanding support options is TurboTax Live. It offers a one-on-one review with a tax pro before you file, as well as unlimited live tax advice throughout the year.
How much does TurboTax pay for itself for self-employment?
Pays for itself (TurboTax Self-Employed): Estimates based on deductible business expenses calculated at the self-employment tax income rate (15.3%) for tax year 2020. Actual results will vary based on your tax situation.
How long does it take for TurboTax to respond to questions?
These users also can submit written questions that a tax pro will answer within 24 hours. One of TurboTax’s most outstanding support options is TurboTax Live. It offers a one-on-one review with a tax pro before you file, as well as unlimited live tax advice throughout the year.
