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We are still waiting for IRS guidance regarding the direct deposit information for the stimulus payments. 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
How is it an irs issue? YOU GUYS hold the keys for every single person that had fees taken out since our direct deposit info is superceded to go to you first... so the question becomes, will you process irs deposits to appropriate individuals?
Nobody knows for sure yet.
For more information regarding this as well as a stimulus update refer to the source provided below.
We want to know if it will go to our turbo tax cards in order to make changes,we rather not wait until last second
I AM NOT AFFILIATED WITH THESE COMPANIES BUT HERE IS MY TAKE....
If you look on your copy of the tax return you should see the "bank account" information for the direct deposit to the Turbo Card, if that is what you chose for you payment method..
As long as that account information is still valid the stimulus payment should just show up credited to your Turbo Card once the IRS processes it.
The money does not go to Intuit for them to disburse.
The Turbo Card is managed by Green Dot bank and the direct deposit information they provided should still work...
That is my hope and assumption....
We are still waiting for IRS guidance regarding the direct deposit information for the stimulus payments. We will have more information once the government finalizes the details. If the IRS does not use the TurboTax card, please see the information below the IRS has posted:
The IRS does not have my direct deposit information. What can I do?
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.
Please see the information from the IRS below, regarding the stimulus checks:
Economic impact payments: What you need to know
Please check for updates here: Coronavirus Tax Relief
I 100@% AGREE!!!
I'm trying to find out if my stimulus check will go on my TurboTax card I need the money I don't know what I'm going to do
We are still waiting for IRS guidance regarding updating or providing direct deposit information for the stimulus payments. 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
No longer have my card what do we do
Please click the link below for assistance with your Turbo Visa Debit card.
https://turbodebitcard.intuit.com/contact-us
The answer that the IRS looks at the banking info was the best answer. Yes they will be putting the Stimulus checks on those Turbo Tax bank cards.
We are currently waiting for the IRS guidelines regarding direct deposit information for all stimulus payments. We will have more information once the government finalizes those details.
In the meantime, you can visit the following links for the most recent updates:
https://turbotax.intuit.com/coronavirus/
https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
The following is the best information we have so far.
Maybe ... details still to come if you used the refund processing option to have the TT fees withheld from the fed refund ... https://www.sbtpg.com/coronavirus-stimulus-payment-info/
SO look at your 2019 form 1040 at the DD info on page 2 ... if that is the same DD info for the Debit card you have then the IRS already has the card info and will send it there automatically.
If not then it is still to be determined if the deposit will go thru the third party processing bank like the original refund OR if you will need to change that DD info in the IRS portal to be built OR just get a check.
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.
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