How do I change my banking information with the IRS

[DoninGA]

Once a tax return has been filed the bank information cannot be changed.

When you file the 2020 federal tax return you can enter the bank routing and account number for a direct deposit of a federal tax refund in the File section of the TurboTax program.

[xmasbaby0]

BANKING INFORMATION

Your banking information cannot be changed after your tax return has been filed and accepted.

Banking information does not go from TT to the IRS until you file your 2020 tax return and it is accepted. The IRS will begin to accept  and process 2020 returns at the end of January 2021.

You enter/change banking information in the FILE section before you file your 2020 return. Changing it on the TurboTax site does not do any good until you file your return and the IRS processes your return.   If they manage to start sending  out stimulus checks before you can change your information, we hope the IRS provides a way for you to change it with the IRS. Right now there are no new guidelines.   If your check goes to a wrong or closed account, it will be sent back to the IRS and then the IRS will mail a check to the address on your tax return.

[NCperson]

here is the IRS FAQ: 

My bank account information has changed or was incorrect. Can I update it using the tool? (updated J...

No. To help protect against potential fraud, the tool does not allow people to change direct deposit information already on file with the IRS.

If we issue a direct deposit and the bank information is invalid or the bank account has been closed, the bank will reject the deposit. We will then mail your Payment as soon as possible to the address we have on file for you, and we will update Get My Payment to reflect the date your payment will be mailed. Typically, once the payment is mailed, it will take up to 14 days to receive the payment, standard mailing time.

[baucom1973]

I need to change my direct deposit information on my 2021 tax return

[DoninGA]

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@baucom1973 wrote:

I need to change my direct deposit information on my 2021 tax return

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If you have filed the 2021 tax return the bank information cannot be changed.

If you have Not filed the 2021 tax return then your bank information for direct deposit or direct debit is entered in the File section of the program on Step 2.

[Gmoney62]

I need to change my banking account with the irs

[DoninGA]

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@Gmoney62 wrote:

I need to change my banking account with the irs

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If you have filed the 2021 tax return the bank information cannot be changed.

If you have Not filed the 2021 tax return then your bank information for direct deposit or direct debit is entered in the File section of the program on Step 2.

[Demetrius090954]

How do i change my banking information with the irs

[xmasbaby0]

@Demetrius090954

Did you already e-file?  If you did NOT e-file you can go to the FILE section and change how you want to receive your refund.  If you want direct deposit you need the routing number and your own account number.

You cannot  change banking information while your return is in pending, nor can you change it after the return is accepted.  The IRS does not allow it.

If you e-filed:

Banking information for direct deposit is wrong

If you entered incorrect banking information for your refund, you can change it if your return is rejected.  If it is accepted, however, it is too late to change it.  The bank will reject the refund and send it back to the IRS.  Then the IRS will issue a paper check and mail it to the address you put on your tax return.  Expect a delay of at least a couple of weeks to receive your refund.

Here is what the IRS says about entering incorrect banking information

https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-an...

[Dm92]

Need to change my banking information for my taxes 

[DoninGA]

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@Dm92 wrote:

Need to change my banking information for my taxes 

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If you have filed the 2021 tax return the bank information cannot be changed.

[Shynell1]

I need to chang my banking information how can I do that

[Shynell1]

Who do I go to to change it

[xmasbaby0]

@Shynell1

Did you already e-file?  If you did NOT e-file you can go to the FILE section and change how you want to receive your refund.  If you want direct deposit you need the routing number and your own account number.

You cannot  change banking information while your return is in pending, nor can you change it after the return is accepted.  The IRS does not allow it.

If you e-filed:

Banking information for direct deposit is wrong

If you entered incorrect banking information for your refund, you can change it if your return is rejected.  If it is accepted, however, it is too late to change it.  The bank will reject the refund and send it back to the IRS.  Then the IRS will issue a paper check and mail it to the address you put on your tax return.  Expect a delay of at least a couple of weeks to receive your refund.

Here is what the IRS says about entering incorrect banking information

https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-an...