The IRS began processing stimulus payments last week. If you provided your bank information for a refund on your 2019 tax return, the IRS has that information and you should expect your stimulus payment soon. If your most recent tax refund was on a prepaid debit card, watch your mail for either a paper check or prepaid debit card.
If you have not received your payment by January 15, 2021, and your status is "unavailable" at Get My Payment, then you will claim your stimulus payment when you file your 2020 tax return. Please allow a few days after the 15th for the mailing of payment by the IRS.
You can find the most current information through the following resources:
IRS Second Economic Impact Payment
TurboTax Second Stimulus Payment Updates
I I want to change my direct deposit but y'all won't let me I want to know why
Did you file your tax return already? Once your return is filed, you can't change the direct deposit information anymore.
If you have not filed your tax return yet, you can change your direct deposit information in the File section, shortly before your submit you return.
If you did submit your e-file with the wrong direct deposit information, don't worry, the bank won't accept the direct deposit unless the bank account information matches your personal information. This prevents your refund from being deposited into someone else's account.
If the direct deposit is not accepted, the refund bounces back to the IRS and is reprocessed as a check and mailed to the address you used on your tax return.
I received my refund check, but according to the 1040SR I was shorted 1,400.00. Can you explain why?
I received a refund on my taxes today, but the amount paid was different from what I filed. According to my tax form I was to get back 3,628.00 but only received 2,228.00. That's a 1,400.00 difference. Can you explain to me why this occurred?
Thank you.
The difference in your refund is $1,400 as you say @Thompson 1. That's the amount of the stimulus payment. It looks like the IRS adjusted your refund because you claimed that you did not receive a stimulus when you actually did.
The IRS will send you a letter explaining the change. There will be a number in the top right of the letter to call if you want to discuss it with the IRS.