I have e-filed my 2019 state and federal tax returns. I ended up owing money on my federal returns and my state NC owed me a return. I provided my account number and routing number along with my tax returns. The IRS (federal) used my information to electronically withdraw the amount that I owed in federal taxes (it was only $5).
My question is, if they were able to use my banking information to take money out of my account, can they use it to deposit the stimulus money into my account? I read on Turbo Tax's site that if you owed money to the IRS, they would have to mail you a check instead of direct depositing the stimulus money.
No, since you had a balance due the IRS will not deposit the Stimulus check to the same bank account used to pay your Federal Tax due.
The IRS is setting up a portal, so you can enter your banking information to have the Stimulus Check directly deposited.
This portal is suppose to be available later this month at www.irs.gov
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If I use the portal to give them my bank information, and give them my account information (I only have one account) and it’s the same account information that I used to pay my taxes; will they then deposit the stimulus money into my account?