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New Member
posted Dec 29, 2020 11:02:25 AM

How do I change my banking information with the IRS

1 24 10313
24 Replies
Level 15
Dec 29, 2020 11:03:48 AM

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.

Level 15
Dec 29, 2020 11:04:54 AM

 

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.

 

Level 15
Dec 29, 2020 11:22:36 AM

here is the IRS FAQ: 

 

 

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.

New Member
Feb 8, 2022 2:43:28 AM

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

Level 15
Feb 8, 2022 3:48:31 AM


@baucom1973 wrote:

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


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.

New Member
Feb 25, 2022 3:18:55 AM

I need to change my banking account with the irs

Level 15
Feb 25, 2022 4:46:21 AM


@Gmoney62 wrote:

I need to change my banking account with the irs


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.

New Member
Mar 4, 2022 10:29:04 AM

How do i change my banking information with the irs

Level 15
Mar 4, 2022 10:32:29 AM

@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-answers/irs-procedures/refund-inquiries/refund-inquiries-18

New Member
Mar 21, 2022 12:32:13 PM

Need to change my banking information for my taxes 

Level 15
Mar 21, 2022 12:35:04 PM


@Dm92 wrote:

Need to change my banking information for my taxes 


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

New Member
May 8, 2022 5:55:49 AM

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

New Member
May 8, 2022 5:57:46 AM

Who do I go to to change it

Level 15
May 8, 2022 5:58:12 AM

@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-answers/irs-procedures/refund-inquiries/refund-inquiries-18

New Member
May 8, 2022 5:58:40 AM

How do I change my banking information with the IRS

New Member
May 8, 2022 5:59:58 AM

How do I change my banking information with the IRS For my stimulus checks

Level 15
May 8, 2022 6:04:04 AM

The only way to get a stimulus check now is by filing a tax return.   There is not a "non-filer" site to use now.  

 

The first EIP --or stimulus check--- was issued in 2020  It was for $1200 for adults and $500 for a dependent under the age of 17.   The IRS used information from either your 2019 or 2020 tax return to issue those checks so they could send them out in a hurry.

 

The 2nd EIP or stimulus was issued in late 2020 or early 2021 and was $600 for adults and $600 for dependents under age 17.

 

If you did not receive the 1st and/or 2nd stimulus check you can get it by filing a 2020 tax return and using the recovery rebate credit in Federal Review.   It will end up on line 30 of a 2020 tax return and will be added to your refund (or reduce your tax due).

 

The 3rd EIP--or stimulus check-- was sent out in mid-March or later in 2021 and was for $1400 per person--adults and dependents no age limit.

 

If you did not get the 3rd EIP payment you can get it by filing a 2021 tax return and using the recovery rebate credit in Federal Review.   The credit will go on line 30 of your Form 1040 and will add to your refund (or reduce your tax due).

 

 

 

 

If you did not get the 1st and/or 2nd stimulus check you have to file a 2020 tax return by mail.

 

Online preparation and e-filing for 2018 and 2019 and 2020 is permanently closed.

To file a return for a prior tax year

 If you need to prepare a return for 2018, 2019 or 2020 you can purchase and download desktop software to do it, then print, sign,  and mail the return(s)

https://turbotax.intuit.com/personal-taxes/past-years-products/

You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.

 

Remember to prepare your state return as well—if you live in a state that has a state income tax.

 

https://ttlc.intuit.com/community/state-taxes/help/how-do-i-contact-my-state-department-of-revenue/00/25573 

 

When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.

Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.

 

Note:  The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac.  It cannot be used on a mobile device.

 

 

Or..

2020

 

https://www.irs.gov/instructions/i1040gi

 

https://www.irs.gov/pub/irs-prior/f1040--2020.pdf

 

https://www.irs.gov/pub/irs-prior/f1040s1--2020.pdf

 

https://www.irs.gov/pub/irs-prior/f1040s2--2020.pdf

 

https://www.irs.gov/pub/irs-prior/f1040s3--2020.pdf

 

 

 

https://www.irs.gov/payments/your-online-account

New Member
Sep 3, 2022 7:49:42 PM

Hello

I closed my bank account bank of America 

And I open account in torrington municipal &teaches bank 

I want to update my bank account 

Thanks 

Level 15
Sep 3, 2022 8:12:35 PM

If you already filed your return you can not change it.  If the bank rejects the refund then the IRS will mail a check to the address on your return.

New Member
Mar 10, 2023 4:41:54 PM

Ocher mack 

Level 15
Mar 10, 2023 4:54:47 PM

@Ocher30 Are you trying to ask a question in the user forum?

New Member
Jul 20, 2023 7:00:57 PM

How to find out what bank my refound went to?

Level 15
Jul 20, 2023 7:13:22 PM

How to review the refund method

https://ttlc.intuit.com/community/refunds/help/how-do-i-review-the-federal-refund-method-i-chose-after-filing-with-turbotax-online/00/27417

 

Were you having the fees deducted from your refund?  Then it goes through another bank to take the fees out.  Has the IRS sent your refund yet?  Did you efile or mail your return?  Was it Accepted?  Did you go all the way through the File tab, through the 3 steps and hit the big orange Transmit Returns Now button?  You can check your efile status here     https://turbotax.intuit.com/tax-tools/efile-status-lookup/   

 

If your return was Accepted or you mailed it, then check IRS Where's my refund

https://www.irs.gov/refunds/

Level 15
Jul 20, 2023 10:20:29 PM

if you requested direct deposit and the account noted on the return is still open, that's where it should end up. if not, the refund goes back to the IRS to issue a paper check which is sent to the address on the return unless you moved and filed a change of address with them in time for it to be processed before the check was mailed.