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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:
TurboTax Coronavirus Tax Center Updates
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:
TurboTax Coronavirus Tax Center Updates
A: Taxpayers who use TurboTax and set up an authorized direct deposit when they file will also receive their stimulus payment in the direct deposit account where they received their tax refund, according to TurboTax.
"If you did not set up an authorized account for direct deposit, you will receive a paper check. Refund advances are available across most tax prep providers. For taxpayers that opted to receive a refund advance, the entire tax prep industry is awaiting guidance from the IRS on how they will move forward with the distribution of stimulus payments," according to TurboTax last week.
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