We are still waiting for IRS guidance regarding updating or providing direct deposit information for the stimulus payments and how they will be distributed to these type of accounts. We will have more information once the government finalizes the details.
In the meantime, you can visit the following links for the most recent updates:
TurboTax Corona Virus Tax Center Updates
The vast majority of people do not need to take any action. The IRS will calculate and automatically send the economic impact payment to those eligible.
For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.
In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.
https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
Patience will be needed while hard working folks are trying their best to develop and implement this distribution DURING a tax season AND a pandemic.
[Edited 04/08/20]
If @Critter is right then yes. My turbo card DD info is on my 1040 when i reviewed it. So the IRS has my TURBO card info as the last payment issued. So i would now bet that we will get it on our card.
i did a review to see what direct deposit info was on my return. It was the turbo tax card info. So the IRS has my turbo direct deposit info as the last transaction. So i think its safe to assume thats where they will send the money because thats where they get the info from is the 1040. and on the 1040 is the turbo card info.
Will I get my stimulus check on my turbo tax debit card
We talked to a CPA from TurboTax and he didn't think it did intill he asked us for the 1040 and it showed as a checking account. So yes it will go to the card
Strongly believe it will come to the card directly, downloaded my 2019 as well and the DD info is the direct account number and routing to the prepaid card
So I checked my 1040 and my account and routing number on my 2019 1040 is the same as my info for my Visa turbo debit card. That means the stimulus payment will go through fine ?
Will my stimulus check go to my turbo tax debit card. And will i get it faster.
We are still waiting for IRS guidance regarding updating or providing direct deposit information for the stimulus payments and how they will be distributed to these type of accounts. We will have more information once the government finalizes the details.
In the meantime, you can visit the following links for the most recent updates:
TurboTax Corona Virus Tax Center Updates
As of now the third party bank has not released any definitive information:
The current IRS plans are to issue direct deposits to taxpayers that received a direct deposit. An IRS-issued check may be mailed to taxpayers that received a check printed from their tax professional's office.
We are actively working with the IRS to determine how the Economic Impact Payments will be issued. We will update this page when more information is available. According to this message on the IRS website published March 30 the IRS will notify taxpayers when more details are available.
Keep checking here : https://www.sbtpg.com/coronavirus-stimulus-payment-info/
[Edited 04/08/20]
As of now, we do not have a definitive answer from the IRS regarding how payments will be disbursed other than direct deposits or that they will mail a check to your address.
Details are still to come if you used the refund processing option to have the Turbo Tax fees withheld from the fed refund. We will have more information once the government finalizes the details.
In the meantime, you can visit the following links for the most recent updates:
TurboTax Corona Virus Tax Center Updates
[Edited 04/08/20]
Can you put my stimulus check on my Intuit card I already have it?
The government will be able to leverage the direct deposit information in your 2019 tax return to deposit these stimulus funds electronically into your account.
They have my info for 2018 and I used the TurboTax card. I still have card and can log in to account still also. Since it's been awhile will my stimulus check still go on my card if that's the info IRS has?
Will someone from TT support PLEASE answer the question on how taxpayers who have used the Refund Processing Service to have the TT fees withheld from the federal refund and the balance sent to their own checking/savings/debit card or the TT Visa debit card will get their Stimulus Checks.
The info on your site here says NOTHING helpful so the rumor mills are in high gear ...
The IRS has not released information on this issue. Because your refund went through a 3rd party bank the IRS does not have your actual account information. This link CARES Act Update Coronavirus Stimulus Payment Information has information directly from Santa Barbara Tax Products Group that you may find helpful.
Can either of you settle a debate ?
Some user's say they used the processing option yet when they review their 1040 form AFTER the file their personal account info is on it and/or the TT issue debit card debit info is there.
And some say that info was not on the 1040 BEFORE they filed and it was backfilled after they filed and the debit card was issued.
I personally believe, based on working for a company for many years that issued RAL/RAC checks/deposits, that the info on the 1040 is the temp account at the third party bank.
So who is correct ? Before, After or third party?
If it is the processing bank temp account .... Will the processing bank allow the old ONE TIME USE account to be reopened to allow the stimulus checks to pay thru ? Is it even possible ?
I believe yes it will go to the TurboTax card,if you used it to get your income tax return then your 1040 has the account number and routing number and it's checked as a checking account.if irs is using most recent return info for stimulus check then they will see it's a checking account,and all the numbers needed to deposit are there.also TurboTax card charges a monthly fee and you can have money added to it.im saying it's not just a one time tax refund only card.just hold on to your cards, and think positive. P.S. keep checking that thing! Lol
Yes they will! I looked on 1040 and account number and routing number match on turbotax card and I received the advancement loan and had fees taken out by sbtpg.
So I believe that would apply for everyone.