How do I change my direct deposit information

[xmasbaby0]

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.  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.

From the IRS:

Bank Account Information

Where did the IRS get my bank information, and what if I need to change it? (updated May 15, 2020)

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.

[rreshew]

To Whom It May Concern:

      I am extremely nervous and concerned because I already did my taxes and received the first stimulus payment in 2020. 

*After I did all that last summer, I recently changed financial institutions from the previous bank I had been using (PNC Bank) to another financial institution (CCU Credit Union) just a few months ago and have not been able to change / update my direct deposit information with my new CCU checking account information.

* I have tried all of the following desperately so that when I do my taxes soon for 2020, nay tax refund I may receive will be able to go directly into my new CCU checking account:

1) Tried calling the I.R.S. directly, but unable to get to anyone on the phone.

2) Went to the I.R.S. website, and all it says is that no one can update their direct deposit information if it has been changed!

3) Tried calling TurboTax and also cannot get to a live person to find out how I can update my direct deposit information!

4) Opened up the TurboTax chat and even when I clicked on any of the automated responses about changing my direct deposit information, it did not help me at all!

5) Logged into the TurboTax website to find out where I might be able to change and update direct deposit information, and found nothing!

** Can anyone please call me to tell / direct me on how I can get this done ASAP??!! This is not just a request - I have to do this in order to file my taxes now for 2020 and to receive the second stimulus payment!!

Sincerely,

Richard K Reshew

[phone number removed]

[DoninGA]

@rreshew The direct deposit information cannot be changed for the IRS to provide the 2nd stimulus, as stated on this IRS website - https://www.irs.gov/newsroom/economic-impact-payments-on-their-way-visit-irsgov-instead-of-calling

The IRS cannot change payment information, including bank account or mailing information. If an eligible taxpayer does not get a payment or it is less than expected, it may be claimed on the 2020 tax return as the Recovery Rebate Credit.

If you do not receive the stimulus payment as a check in the mail by January 15, 2021, it can be entered on the 2020 federal tax return as a tax credit on Form 1040 Line 30.  The TurboTax program will ask about stimulus payments received in the Federal Review section.

You can enter the bank routing and account numbers for direct deposit in the File section of the 2020 TurboTax program on Step 2.