What is the TPG PRODUCTS SBTPG LLC bank deposit?

If you used TurboTax to prepare and electronically file your federal Form 1040 income tax return, you may have received your tax refund via a third party intermediary, Santa Barbara Tax Products Group LLC (SBTPG).

The TPG Products Deposit is your federal tax refund from the IRS, reduced by any fees owed to TurboTax and TPG as a bank processing fee.

The deposit line might show "TPG PRODUCTS SBTPG LLC"

In some cases, you might find that your refund was lower than just the TurboTax and bank processing fees.

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