You will not be eligible for the loan if: (1) your physical residence is located outside of the United States, a US territory, a PO box or a prison address, (2) your physical residence is in one of the following states: IL, CT, or NC, (3) you are less than 18 years old, (4) the tax return filed is on behalf of a deceased person, (5) you are filing certain IRS Forms (1310, 4852, 4684, 4868, 1040SS, 1040PR, 1040X, 8888, or 8862), (6) your expected refund amount (minus any stimulus payment credit, also known as Recovery Rebate Credit) is less than $500, or (7) you did not receive Forms W-2 or 1099-R or you are not reporting income on Sched C or Sched C-EZ. Additional fees may apply for other products and services. Paying with your federal refund is not required for the Refund Advance loan. Separate fees may apply if you choose to pay for TurboTax with your federal refund. (NMLS # 1889291), a subsidiary of Intuit Inc. Refund Advance is facilitated by Intuit TT Offerings Inc. Offer and availability subject to change without further notice. This Refund Advance offer expires February 15, 2022, or until available funds have been exhausted, whichever comes first. Availability of the Refund Advance is subject to satisfaction of identity verification, certain security requirements, eligibility criteria, and underwriting standards. To apply for the Refund Advance, you must e-file your federal tax return with TurboTax. If you are receiving a federal refund of $500 or more, you could be eligible for a Refund Advance, a loan provided by First Century Bank, N.A., Member FDIC, not affiliated with MVB Bank, Inc., Member FDIC Refund Advance is a loan based upon your anticipated refund (minus any stimulus payment credit, also known as a Recovery Rebate Credit) and is not the refund itself. It has to be offered to you, and you have to agree to the terms-which have changed since last year-so read some information-and pay attention to the details in the fine print … The IRS will not begin to accept e-files until January 24. The money for the loan is not given to you until the IRS ACCEPTS your e-file. The refund loan will not be available until later in January when you can e-file your 2021 return. You must report income on a Form W-2, 1099-R, Sched C, or Sched CEZ.You aren’t filing on behalf of a deceased taxpayer.Your address must be located in one of the eligible states and can’t be a PO box or prison address Your physical address is listed on your tax return.You’re e-filing your federal tax return with TurboTax. You’re not a resident of North Carolina, Connecticut, or Illinois. Here are some of the eligibility requirements to qualify for a Refund Advance loan: It might have something to do with the state you live in, or you might have some other disqualifying reason-we cannot see nor can we exert any control over it. No-one in the user forum can see your information, so we cannot tell you why you did not qualify for the advance.
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