If you entered your routing and account number for a tax payment or a tax refund then the IRS would have your information. If you had your refund put on the TurboTax card, it is still to be determined if the deposit will go through the third party processing bank. We are currently working with the IRS to determine how the stimulus payments will be issued. We will update this page when more information is available:
CARES Act - Stimulus Payment Information - Santa Barbara Tax Products Group
If the IRS does not use the TurboTax card, please see the information below the IRS has posted:
The IRS does not have my direct deposit information. What can I do?
In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.
Please see the information from the IRS below, regarding the stimulus checks:
Economic impact payments: What you need to know
Please check for updates here: Coronavirus Tax Relief
I really didn't want you to take your fee from my return.
But it was the only way your system would work.
I think I got charged by you and the tax audit company both.
Now I hope you get the corona stimulus package thing sorted out.
Greg
How does turbo tax not know if they stimulus will be deposited on to the card they provided? Makes no sense to me at all. Every other card company knows already or have had deposits for people. But not turbo tax card. Wouldn't it be better service to the people who PAY for your service to get the answer we would all like to know? WILL MY STIMULUS BE DIRECT DEPOSITED ON MY TURBO TAX CARD????
The wheels of government move very slowly.
"We are still waiting for IRS guidance regarding updating or providing direct deposit information for the stimulus payments and how they will be distributed to these type of accounts. We will have more information once the government finalizes the details.In the meantime, you can visit the following links for the most recent updates:IRS Coronavirus Tax Relief TurboTax Corona Virus Tax Center Updates"
The IRS is setting up a portal where you can enter your bank information to receive the Stimulus Payment as a direct deposit. Please check the below link.
Currently this portal is not available, it is expected to be available later this month.
So every other card already knows for their clients where the money will go? But not turbo tax? I don't believe that. But i do think you all are gonna lose alot of customers next year for taxes if you can't give a straight answer. No customers means no need for employees.