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Level 1
March 27, 2020
Question

How will stimulus checks be received for those who have chosen the TurboCard deposit? Will it be deposited to the TurboCard as well, or will it direct deposit?

  • March 27, 2020
  • 5 replies
  • 29 views
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5 replies

macuser_22
Alumni - Champ
Alumni - Champ
March 27, 2020

Nobody knows yet.  It still is not the law yet and then the IRS and government must set the guidelines.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
Level 2
March 28, 2020

I really hope that this is a top priority to find out by TurboTax and intuit. 

macuser_22
Alumni - Champ
Alumni - Champ
March 28, 2020

TurboTax is not involved with the stimulus at all in any way.   The IRS and government does it all using the information that they already have.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
Level 2
March 27, 2020

I hope it direct deposits to Turbo Card if not that would be absolutely wrong. Intuit needs to not just say oh well and communicate with government how to get this money on the card you advised was best way to receive return!

macuser_22
Alumni - Champ
Alumni - Champ
March 27, 2020

TurboTax and Intuit is not involved at all.   The Treasury department will make the distributions.   Probably based on and direct deposit information on the 2019 tax return or direct mail.   The government will probably issue it's guidelines in about a week how they will do it.  (I doubt that they will use 2018 tax return direct deposit information because people move, back accounts change, and that year old information is out of date).

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**