At the end of your Turbo Tax refund you have the option of deducting your Turbo Tax charge direclty from your expected tax return amount. Using this option will result in a charge of a $29.95 Processing Fee. The fee is charged for processing and paid to University National Bank of Saint Paul, MN. Really, this option is only for those who do not have a credit card. Not explained well by Turbo Tax it seems like you have no other way to avoid this fee and when you have thousands of dollars to be returned to you than likely you will just accept and move along.
To simply avoid this fee use your credit card to pay for your Turbo Tax Return. Charging your credit card or using the deduction method processing fee has no bearing on the time frame your tax return is filed or paid to you. Don't give up another $30 dollars for this feature, if you have a credit card I recommend using it.
Turbo Tax is a very user friendly easy to use Tax return site. Guaranteed 100% reviews and 350 tax deductions at your finger tips make this a number one choice to handle your taxes.
For complete information please read:
http://turbotax.intuit.com/support/iq/Tax-Refund/Using-Refund-Transfer-or-Refund-Processing-Services-to-Pay-TurboTax-Fees/GEN12098.html
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Taking on the task of filing your return by yourself can be overwhelming if you have never done this before. It is very easy to make costly mistakes and miss very common federal tax deductions if you are unfamiliar with federal filing rules.
Thank you!!! I was wondering why that fee was charged since I though turbotax mentioned they did not apply a fee for having your refund direct deposited. I will use your tips immediately.:)
Or, better yet, use TaxAct - it costs only 18 dollars to file (and that's using the deluxe version).