1492287
My question is related to the stimulus payment. Why does the bank information show up as XX-XXXX in 2018 tax return 1040 (filed last year) . I owed taxes and I did not receive any refund for 2018. I used my bank account number and routing number to pay for the taxes I owed. IRS did deduct the money from my bank account. But, the bank information is not added anywhere in my Form 1040. Should that be entered somewhere in 1040? As IRS has used my account number to deduct taxes, will they still have that information on file to Direct Deposit stimulus payment. Any insights is appreciated. Thanks!
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It shows XX's because that is only if you are receiving a refund. The system that allows for Direct Debit by the IRS can not be used to make deposits.
https://www.irs.gov/coronavirus/economic-impact-payments
Go here to - Filers: Get Your Payment
Hi Catina
I deeply appreciate your response. Based on your reply, does it mean IRS would not have my direct deposit information for stimulus payment? I would have to provide direct deposit information to IRS in the tool they are planning to roll out?
Thank you!
@adarshnew wrote:
Hi Catina
I deeply appreciate your response. Based on your reply, does it mean IRS would not have my direct deposit information for stimulus payment? I would have to provide direct deposit information to IRS in the tool they are planning to roll out?
Thank you!
Since you had to pay the federal tax owed on your 2019 tax return, the IRS will not have your direct deposit information (unless you received a 2018 federal tax refund by direct deposit)
Use this IRS website for stimulus payment status or to update your bank account - https://www.irs.gov/coronavirus/get-my-payment
The IRS does not have your direct deposit information since you owe taxes on your 2018 tax return. The site to enter your direct deposit information was rolled out on 4/15/20. Here it is: Get My Payment | Internal Revenue Service
Hi Texas Roger,
Thanks for your response. The "get my payment" link says " Payment status not available" for the last 4 days. Will there be a update to the webpage to provide direct deposit details for cases similar to mine?
Thank you!
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