How to Get Money off TurboTax Card Without Card

TurboTax is a U.S.-based software package that prepares income tax returns. It is a product of Intuit which is a well-known technology company. The company aims to assist customers through their financial complications. TurboTax is a fantastic product of theirs that makes online filing of your tax return simple.

TurboTax has been in the industry since 1894 when Micael A. Chipman of Chipsoft founded it. Later, Intuit gained TuroTax’s full ownership in 1993. Over the years, the company has provided effective and trustworthy service to its customers. Their service has earned them a top place among the leading companies of its type such as TaxAct and H & R Block.

Turbo Tax software

Turbo tax has proved to be a sophisticated software for complex tasks like tax filing. The federal government relies on companies like TurboTax to collect taxes from individuals and businesses. The process is essential for the nation’s growth in various sectors. There is no other reliable source of funds for the government besides taxation. It is a responsibility of all working citizens to file tax returns.

However, the process of filing tax returns is not that simple. A lot of people find it complicated. Of course, there are a lot of steps involved making it hard to understand. If you are like most people, you may find it confusing and feel like giving up halfway through the process. It is when the need for a more convenient solution arises. TurboTax can help you there. Experts at Turbotax are willing to assist you through each step of the process.

You can get unlimited tax advice and answers to clear up any complications regarding taxes or technology issues too. Alternatively, you can let them do all the work for you. TurboTax live brings you this service. This method is perfect as you do not have to stress about the process as the experts handle it entirely for you. The system operates online and is secured to prevent data theft. C-Level Security has performed the TurboTax security certification for online usage.

How to get started with TurboTax?

First thing’s first. You need to create a TurboTax account online to get started. Navigate to the Get Started Page to proceed. Click on the Get started tab and you will receive a screen pop-up. It will ask you, “Do you have a TurboTax Online account?” At this point, you have to select between options YES and NO. In this case, your answer should be NO as you are just getting started. Then keep answering NO for the next steps as well.

You will need to select all that apply to get the right tax solutions that apply to you on the next page. We have listed the options to select from as follows:

I want to maximize deductions and credits
I paid rent
I own a home
I want a tax expert to do my taxes for me
I want a tax expert to review my return
I have a job (received W-2)
I have children or dependents
I donated over $300 to charity
I sold stock, crypto, or own rental property
I’m paying off student loans
I own a small business

I’m self-employed/an independent contractor

Remember to be careful when selecting the options. You do not want to provide the wrong information and make returns with errors. Go through the list of options and select the suitable ones that apply to you. Once you complete the selection process, the platform requires you to tick how you filed the previous year’s taxes. Once you do, click on continue to proceed ahead.

Before we continue, let’s address a question you might face at this point in the process. Suppose you used a different mode to file your returns before. Of course, it is a possibility given that you are just starting with TurboTax. You may have used different software, CPA or an accountant, or went to a tax service center in the previous year. In such cases, you can select the “Ask Me Later” tab. That way, you get the chance to answer the question later.

Once you click on Continue, a page will open. Here, it requires you to open your Intuit account. Do not be confused here. As you know, TurboTax is a product of Intuit. So do not be surprised at the appearance of Intuit on the page. You can go ahead and create your account. The platform will ask you to provide the following details:

Your Email address
User ID
Your Phone number
Password (Should be strong enough)

Double-check everything to make sure it is correct. You can finally click on the “Create Account” button. You will receive further details about your account at your email address.

How to file returns online at TurboTax?

Filing returns online, which is called E-filing, is more popular nowadays. Among the manual methods like filing via mail, E-filing stands out more to customers. Studies have found that more than 90% of all returns for 2020 tax returns received by the IRS were through E-filing. Why is online filing more popular? Well, it saves time, and effort and is an overall more convenient method than mail.

Which way do you prefer- Mail or E-filing? You can make your choice considering what suits your circumstances best. For either method, you must follow the process below to file your tax:

Collect all the necessary documents required to file your taxes
Make calculations of all your taxable income. You can do so by tallying your total gross income
Claim all tax deductions and credits
File your returns with the IRS.
If you plan on filing taxes online, you also need the following details:
Form W-2, Wage, and Tax Statement
Form 1099-INT, Interest Income
Form 1099-MISC, Miscellaneous Income
Form 1099-NEC, Nonemployee Compensation
Form W-2G, Certain Gambling Winnings
Form 1099-DIV, Dividends and Distributions
Form 1099-R, Distributions From Pensions, Retirement or Profit-Sharing Plans, Annuities, IRAs, Insurance Contracts, etc.
Schedule K-1, Partner’s or Shareholder’s Share of Income, Deductions, Credits, and so on.
Form 1098, Mortgage Interest Statement
SSA-1099, Social Security Benefit Statement
Form 1099-G, Certain Government Payments
Form 1098-T, Tuition Statement
Form 1098-E, Student Loan Interest Statement

Online tax filing operates in two ways. They are :

Interview-based tax software: You should provide answers to questions from the software, which automatically collects details from you for the relevant forms.

Form-based tax software: Suppose you want to employ this method. If yes, then you should be knowledgeable about the tax forms used to make your return. Make sure to provide all the details as precisely as you can.

What are the benefits of online tax filing?

There are many pros associated with online tax filing. We listed them below for you to check out.

i) Lower chance of making errors

There is not much room for mistakes with online systems. They allow you to prepare your returns accurately. They can detect where things are wrong instantly which allows you to make corrections. Comparatively, you are less likely to make errors with online tax filing than calculating on paper.

ii) Online tax returns are fast

One of the best parts about online tax filing is its quickness. You already know that a manual system takes so much time. The lagging is because of the tedious calculations and writings you have to do. Not only does it waste time but requires a lot of thought and effort.

However, that is not the case with the online method. Here, you do not have to take much time out of your busy schedule. It will only take minutes of your time to file your returns. Plus, the systems are always ready to assist you as the systems operate to assist you, you can save time and energy. The IRS usually handles e- returns faster than paper returns. Tools like Turbotax Card can assist you with getting refunds. If you wish to own a card for yourself, scroll through to find out how to get one.

How to get the TurboTax Card?

The TurboTax Card is a facility that TurboTax offers. It is a prepaid card that you can obtain online from TurboTax. If you wish to get one, they require you to sign up online to make your request. Make sure to ask for the Turbo Visa Debit Card if you want to receive your refund. After that, the card will arrive at your place in 5-10 business days. Once you receive it, you can activate it and begin using it.

Now that you got the card, you will be able to get all your returns in the card account. A benefit that comes with it is convenience. We say that because you can control it via the Turbo Card App. That means you can manage your money from anywhere at any time. All you need to do is download the Turbo Card App which is available on Google Play and the App Store.

How to receive tax refunds using your card?

You only need to choose the TurboTax card as the mode to use for a tax refund. You can also get your refunds to your checking account once you create a direct deposit. Numerous mobile wallets, like Cash App and Venmo, assist you to get your refunds directly in your account.

Direct deposit requires the agency responsible for refunds to transfer money. Note that they use the routing number and account number of your checking account or mobile wallet. you have to fill out a direct deposit form to facilitate the transfer.

However, the card is more convenient. If you get your refund on the card, it is possible to track it. Here is how you can do it. Call the IRS at (800) 829-1954 or visit IRS refunds. Note that Intuit does not have any information about the status of your refund. You will see your balance displayed on your card account from your smartphone or tablet.

How to get money off a TurboTax Card without a card?

Can you get money from your app without the need for your card? Yes, you are good to go if you have set everything in line with the card. You can use the TurboTax Card app to settle payments faster and securely. For example, you can pay your internet, water, and electricity bills online from anywhere at any time.

Plus, there is more you can do with the app. It allows you to move money to your bank account. And guess what- no card is required for this. So how does it work? You only have to follow a few steps to access this benefit.

First, set up your account as a biller for you to transfer the amount of money to your bank account.

Then, you can transfer the amount of money you want to your account, when you select “Send and Receive Money.”
Next, go to the Billers drop-down menu and select “Online Bill Pay” and add a biller.

You have the option to add the TurboTax Card to PayPal as well. That way, you can make an instant bank transfer with no debit card. Here is how it works when you send the money through this method. PayPal will receive the amount you wish to transfer to your bank account from the card’s account. With PayPal, you can either choose to send money instantly to a linked bank or through a standard transfer. The instant method at a fee. Or you can opt for the standard transfer which is free.

How do you use the TurboTax Card?

You already know that you can transfer money from the card to your bank using the TurboTax Card. The services do not stop there though. There are more ways you can use the card. Here are some examples:

You can buy goods and services
You can withdraw money at an ATM
You can receive direct deposits

Wrapping up

There you go! You learned a lot about online tax filing a.k.a e-filing. TurboTax is one of the best companies that provide a convenient and effective tax filing experience to customers. The complicated process of tax filing is simpler than ever with the help of TurboTax. You can use this software to file your returns online conveniently.