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Yes, if you had your bank information on your return & it is still valid, you will receive your stimulus money by direct deposit.
@Msshataquakenon23 The IRS is going by the information on your 2019 return (or 2018 return if you do not file a 2019 return). They will use the information on your return to deposit your money, which should be the card.
Yes, your state refund will go on the same card as your federal refund unless you selected to have it go onto another card. The state may not come at the same time as your federal, because one comes from the IRS, and the other will be coming State Department of Revenue.
@ncbiggboyy41 That applies to any card (as long as the card is active), it is what is on record with the IRS.
@Kristi041281 The stimulus money will go on the information you have on file with the IRS. If there is banking information for your card, your stimulus money will be deposit on the card.
@Chrishard96 Since you filed a 2019 return, the IRS will use your banking information from your 2019 return. If your card is still active, your stimulus money will be deposit on the card.
@Kathsepsa I have put in a question to the TurboTax Moderators asking what is going to happen with tax payers who used the Refund Processing Service. Since this is the weekend I have not heard anything yet. If I do, I will post it here. The bank that handles the service has the following on their website.
@Sagittarian I don't believe your 2018 TurboTax would be active, each year you have to get a new card. The IRS would not have your new card number. You can file your 2019 return, & if you are due a refund you can enter your banking information.
What if my direct deposit information has changed or I want to add it for the first time?
On March 30, the I.R.S. said on its website that it would build a portal where people can update their information “in the coming weeks.”
@Ccory1989 There has been no news yet about how that is going to be handled, but the IRS is going to give taxpayers to give them their direct deposit information.
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.
https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
The IRS is going to give taxpayers the chance to enter their own banking information. See the following:
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.
https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
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You should also update your mailing address with the IRS.
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 types 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:
https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments
https://turbotax.intuit.com/coronavirus/
@ArianaElizabeth17
Yes, if you had your bank information on your return & it is still valid, you will receive your stimulus money by direct deposit.
I used the turbo tax debt card sent by yall this year so will that put my stimulus on their & my state check also
@Msshataquakenon23 The IRS is going by the information on your 2019 return (or 2018 return if you do not file a 2019 return). They will use the information on your return to deposit your money, which should be the card.
Yes, your state refund will go on the same card as your federal refund unless you selected to have it go onto another card. The state may not come at the same time as your federal, because one comes from the IRS, and the other will be coming State Department of Revenue.
Does that only apply for the turbotax card ?? Because I had mine put on my Walmart greendot card
@ncbiggboyy41 That applies to any card (as long as the card is active), it is what is on record with the IRS.
Will it apply to my 2018 TurboTax card ? I still have z card. I have not filed my 2019 return yet. Thx in advance.
I applied for the turbo tax visa card as well but I got a paper check for my state return. My federal went onto the card.
@Kristi041281 The stimulus money will go on the information you have on file with the IRS. If there is banking information for your card, your stimulus money will be deposit on the card.
In 2018 when I filed taxes I opted for a TurboTax card for my refund. Once my refund was gone, I figured I didn't need the card anymore so I threw it away. When I filed my 2019 return, I again opted to use TurboTax card. Instead of throwing it away again, I kept it in my purse. When the stimulus check does hit, will it come on my 2019 TurboTax card?
@Chrishard96 Since you filed a 2019 return, the IRS will use your banking information from your 2019 return. If your card is still active, your stimulus money will be deposit on the card.
What if turbo tax has my banking info but I’ve used the option to have the cost to file deducted from the refund, which means it goes to turbo tax first? @bluedeb
@Kathsepsa I have put in a question to the TurboTax Moderators asking what is going to happen with tax payers who used the Refund Processing Service. Since this is the weekend I have not heard anything yet. If I do, I will post it here. The bank that handles the service has the following on their website.
Thank you @bluedeb !!! Your help is appreciated
I read that the stimulus money will not be deposited on any turbo tax cards. It has to be a legit bank account.
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