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If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

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Level 15

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

@Jefortune32 

Your bank account should be on your tax return.   If it is then you will get direct deposit, even if you had your TurboTax fees deducted from your refund. 

 

I just wanted to let you know that people who had their TurboTax fees deducted from their refund are getting their stimulus money direct deposited into their bank account.  The following is from one user.

 

 I filed with turbotax  and had my fees owed to turbotax taken out my refund and received my stimulus check today direct deposit in my bank account.  

 

See the following from the Santa Barbara Group.

 

I paid for tax preparation using Santa Barbara TPG this tax season. How will I receive my Economic Impact Payment?

The IRS will issue direct deposits to taxpayers that requested a direct deposit disbursement or applied for a new debit card when they prepared their own return online.

 

An IRS-issued check will be mailed to taxpayers that requested a check printed from their tax professional's office, Walmart Direct2Cash or a Walmart MoneyCard issued by their tax professional.

 

If a payment is returned to the IRS (Ex. bank account is closed), the IRS will mail a check to the taxpayer.

 

In the rare event that payments are inadvertently sent to TPG, a plan is in place to help identify and expedite the return of these payments to the IRS so that the IRS can reissue payments directly to affected taxpayers as soon as possible. If we are unable to identify the payment as an Economic Impact Payment, the deposit will be processed as a federal refund, with all associated fees withheld from the deposit amount.

 

We understand that taxpayers need their refund or EIP more than ever, so we are committed to getting money to taxpayers as quickly and easily as possible.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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Level 7

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

It depends on your filing situation. If you had no TurboTax fees or paid the fees by credit or debit card up front *and* you got a refund, the IRS should have your real direct deposit info and the stimulus should go there. However, if you had fees deducted from your refund, the IRS got direct deposit info for Santa Barbara TPG instead of your bank; what will happen there is uncertain. https://www.sbtpg.com/coronavirus-stimulus-payment-info/

 

If you owed the IRS money for both 2018 & 2019, they may not have your direct deposit info at all. However, the IRS plans on creating a special portal where taxpayers can provide direct deposit info and avoid paper check delays. https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know (This will also apply if SBTPG doesn't forward stimulus checks and the IRS sends them paper checks.)

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Level 2

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

Very good answer.Apparently,the last time stimulus checks were given to Americans,Turbotax did what you said.Those who owed Turbotax any fees for filing were sent a check and the no fee customers who had their direct deposit info on file received stimulus check via direct deposit with no issues..

Now of course things could be different this time.We should know definitively when Turbotax announces it,hopefully in a few days.  

 

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Level 2

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

If you had your filing fee taken from your return the IRS does have your personal banking information. Turbo tax takes their fees from the front end. I got this information from a Turbotax agent. 

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Returning Member

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

So if we had fees deducted from taxes...which got sent to Santa Barbara....then our personal bank....irs has our bank info correct? 

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Level 1

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

I paid Turbo Tax fees using my federal refund. However, when I review my tax return, the tax form has my bank routing and account number. Does this mean the IRS has my information?

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Expert Alumni

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

Yes. The government will be able to leverage the direct deposit information in your 2019 tax return to deposit these stimulus funds electronically into your account.

 

What do I need to know about the coronavirus stimu ...

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Level 1

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

Please confirm if this is true if I received my refund from Santa Barbara bank.

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Level 3

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

I believe most of us...rec the remaining of our refund from Santa Barbara bank...however...the tax expert is right  ...if you look at your tax return...your account number and routing number is visible 

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Expert Alumni

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

@NCOGNDO Yes. The government will be able to leverage the direct deposit information in your 2019 tax return to deposit these stimulus funds electronically into your account.

 

What do I need to know about the coronavirus stimu ...

 

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New Member

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

@ChondelLO I see that you are a TurboTax employee and EXPERT while @RBBrittain is "only" a CHAMP, but the link he posted from Santa Barbara TPG https://www.sbtpg.com/coronavirus-stimulus-payment-info/ is indeed unclear about whether the IRS already has our direct deposit info. 

 

I elected to have my TurboTax fees deducted from my 2018 Federal refund (I haven't yet filed for 2019). Looking at my 2018 return PDF, my direct deposit info only appears to be on pages relating to Intuit and Santa Barbara TPG, not on the "official" Federal IRS Tax forms.

Direct deposit info is also on a sheet called "California Online e-file Return Authorization for Individuals" but I'm not sure how that will relate to the Federal level.

Should I use TurboTax's free Stimulus Registration just in case to ensure the IRS definitely has my direct deposit info?

 

Thank you.

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Expert Alumni

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

Yes, you should.

 

The website is: CORONAVIRUS TAX CENTER: 2020 STIMULUS

 

In the coming weeks, the IRS 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. That site is not up yet.

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Level 1

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

“I am still confused by your site. If we got direct deposit, but fees were taken out through sbtpg will we get direct deposit to our bank? Or will the funds still go through sbtpg before hitting our bank?” Is what I asked SBTPG

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Expert Alumni

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

In regards to your stimulus checks, it will be directly deposited to your accounts if your direct deposit information is listed on your tax return.

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Level 1

If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

I am still confused then. From SBTPG he is appeared to say if my refund funneled through them I will have to sign up through the IRS portal to get my refund. 

Just to clarify you are telling me that though I had fees taken out through SBTPG for turbo tax it will still go through to my personal bank without me having to go through the IRS portal?

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