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It is unknown at this time.
Specific guidance has not been provided as far as how the stimulus checks will be sent out.
The IRS has a dedicated COVID-19 page that you can access by CLICKING HERE.
Here is a Turbotax page … COVID-19 TAX UPDATES.
Here is the SBTPG site … https://www.sbtpg.com/coronavirus-stimulus-payment-info/
These pages will continue to be updated with additional guidance as it is released.
I just dug into it and yes, they will use your direct deposit infor from 2019 and that account was our turbo card
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:
TurboTax Corona Virus Tax Center Updates
The vast majority of people do not need to take any action. The IRS will calculate and automatically send the economic impact payment to those eligible.
For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.
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
Patience will be needed while hard working folks are trying their best to develop and implement this distribution DURING a tax season AND a pandemic.
[Edited 04/08/20]
well first critter put a 👍 then said its unknown..like to know if the stimulus is going on our turbo card or do we need to hurry and do something?
This link CARES Act Update Coronavirus Stimulus Payment Information has information directly from Santa Barbara Tax Products Group that you may find helpful.
If I recieved my taxes back on a turbotax intuit card, will my stimulus money go on that
The Department of Treasury will be developing a web-based portal for individuals to provide their banking information to the IRS online. Visit the links below for more information.
https://turbotax.intuit.com/coronavirus/
https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
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:
TurboTax Corona Virus Tax Center Updates
The vast majority of people do not need to take any action. The IRS will calculate and automatically send the economic impact payment to those eligible.
For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.
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
Patience will be needed while hard working folks are trying their best to develop and implement this distribution DURING a tax season AND a pandemic.
[Edited 04/08/20]
Yes, if you received your return on your turbo card the direct deposit information for it is listed on page two of your return. That is what they will use. Check page two of your return versus your Turbo Card direct deposit info.
For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.
For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed. Info I found!!
How did you find that info?
Please see the information below for assistance with the economic impact payments:
https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
Please see below for the most current information on how you will receive your stimulus payment:
https://www.sbtpg.com/coronavirus-stimulus-payment-info/
Will my stimulus money go on my card
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