Advantages of the Credit Karma/TurboTax Partnershipįor Credit Karma members who may have used TurboTax (or an alternative tax filing method) in the past, there are several potential advantages to filing their tax return with Credit Karma, including: If your refund is denied or lower than expected, you could face interest and fees if you’re not able to repay the loan right away out of your own pocket. While the loans come with no fees and no interest, they’re not without risks. It allows eligible users to get up to $4,000 of their expected federal income tax refund in the form of a loan that’s automatically paid back once the IRS processes their refunds. Some filers may receive part of a tax refund in as little as one hour of the IRS accepting their return by taking advantage of the TurboTax Refund Advance loan program. Those eligible for TurboTax free filing * can file both federal and state income tax returns at no cost.
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