If you're getting a refund, we'll ask for your bank account info once you choose the direct deposit option (it's on the How would you like to receive your federal refund? screen in the File section). For more information please click the link below.
Hi @ChondelLO while doing 2020 taxes I do not have any refund nor do I have to pay.
Can I still add my Bank Information on the Return so that IRS gets it. This way they can send the next stimulus as direct deposit instead of by check which can get lost.
Thank you
@nikki20201 wrote:
Hi @ChondelLO while doing 2020 taxes I do not have any refund nor do I have to pay.
Can I still add my Bank Information on the Return so that IRS gets it. This way they can send the next stimulus as direct deposit instead of by check which can get lost.
Thank you
If you are not receiving a tax refund or do not have taxes owed, there is no where on your tax return to enter any bank information. The TurboTax program will not request bank information when there is no refund or taxes owed.
Hi Donin
Yes you are right, then alternately I could get my bank info registered in IRS computers other ways:
(1) (a) Apply for extension - pay $100
(b) After April 15 - file my taxes - with Bank Info - and get $100 back as refund.
The issue with the above approach is that I would have to wait to file only after April 1.
Is there any other way, where I do not have to wait till beyond April 15 ?
Is it still possible to pay estimated tax of $100 and then after a month say in March file my taxes ?
Thank you
Nik
Hi Donin
Yes you are right, then alternately I could get my bank info registered in IRS computers other ways:
(1) (a) Apply for extension - pay $100
(b) After April 15 - file my taxes - with Bank Info - and get $100 back as refund.
The issue with the above approach is that I would have to wait to file only after April 1.
Is there any other way, where I do not have to wait till beyond April 15 ?
Is it still possible to pay estimated tax of $100 and then after a month say in March file my taxes ?
Thank you
Nik
@nikki20201 wrote:
Hi Donin
Yes you are right, then alternately I could get my bank info registered in IRS computers other ways:
(1) (a) Apply for extension - pay $100
(b) After April 15 - file my taxes - with Bank Info - and get $100 back as refund.
The issue with the above approach is that I would have to wait to file only after April 1.
Is there any other way, where I do not have to wait till beyond April 15 ?
Is it still possible to pay estimated tax of $100 and then after a month say in March file my taxes ?
Thank you
Nik
Don't know if those scenarios will work or not. The IRS used the bank information based on the 2019 or 2018 federal returns that were filed with using either a direct deposit or direct debit bank information for the prior stimulus payments.