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What is a Refund Transfer?

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The Refund Transfer (RT) is a non-loan product designed for taxpayers who cannot or do not wish to pay out-of-pocket for income tax return preparation and related costs. The IRS deposits the taxpayer's federal income tax refund into a temporary account, typically in as little as 21 days, from the date the IRS acknowledges processing the federal tax return. Upon receipt of the refund from the IRS, the authorized fees are deducted and disbursed. The remaining balance is disbursed to the taxpayer via the disbursement method chosen.

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