38009
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

This Is Literally Happening To Me Now And I Was So Worried Because I Filed march 25,2021 (Accepted) March 25,2021 (Updated)-> April 2,2021 (Refund Approve) DD April 5,2021  and I Still Havent Received My Money in my Account .So Im Praying Its A Paper Check Because My Refund Is Over 10k 

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

If you  don't get your deposit by the 13th, something went wrong, i.e. your bank rejected the deposit.

Then you will have to wait for the IRS and the post Office.

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

There is a step after Refund Approved, called Refund Sent.  See:

Tax Season Refund Frequently Asked Questions | Internal Revenue Service (irs.gov)

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

Is my check on the way?

CatinaT1
Expert Alumni

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

According to this IRS update as of April 30th:    

 
 

The IRS is now opening mail within normal timeframes. The IRS has also made significant progress in processing prior year returns. As of April 23, 2021, we had 1.3 million individual tax returns received prior to 2021 in the processing pipeline. Including current year returns, as of April 23, 2021, we had 16.9 million unprocessed individual returns in the pipeline. Unprocessed returns include those requiring correction to the Recovery Rebate Credit amount or validation of 2019 income used to figure the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC). This work does not require us to correspond with taxpayers but does require special handling by an IRS employee so, in these instances, it is taking the IRS more than 21 days to issue any related refund. If, as a result, a correction is made to any RRC, EITC or ACTC claimed on the return, the IRS will send taxpayers an explanation. Taxpayers are encouraged to continue to check Where’s My Refund? for their personalized refund status and can review Tax Season Refund Frequently Asked Questions.  

 
 

How long you may have to wait: The IRS understands the importance of timely processing of tax returns and refund issuance. We are processing returns received over the summer and fall in 2020 due to the extended July 15, 2020 tax filing due date. While the majority of 2019 refund returns have been processed, in some cases, we are processing tax returns that were mailed with a payment even though payment associated with these returns have been processed by the IRS. However, we are rerouting tax returns and taxpayer correspondence from locations that are behind to locations where more staff is available, and we are taking other actions to minimize any delays. Tax returns are opened in the order received. As the return is processed, it may be delayed because it has a mistake including errors concerning the Recovery Rebate Credit, is missing information, or there is suspected identity theft or fraud. If we can fix it without contacting you, we will. If we need more information or need you to verify that it was you who sent the tax return, we will write you a letter. The resolution of these issues depends on how quickly and accurately you respond, and the ability of IRS staff trained and working under social distancing requirements to complete the processing of your return.  

 
 

What you should do: If you filed electronically and received an acknowledgement, you do not need to take any further action other than promptly responding to any requests for information. If you filed on paper, check Where’s my refund? If it tells you we have received your return or are processing or reviewing it, we are processing your return, but it may be under review. We’re working hard to get through the backlog. Please don’t file a second tax return or contact the IRS about the status of your return.  

 
 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

Did you have to wait long to receive paper check?

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

How much tax was taken out from your tax refund ? 

MoniqueLO_
Intuit Alumni

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

A check takes about 4-6 weeks to arrive in the mail. Please see this TurboTax Help Article for more information.

@Kcmello16

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

Do they automatically convert it to a check if way over $10,000? Because I hear some say no and some say yes. I've been trying to contact the irs myself as well to let them know I need a check instead because my card limit. 

BrandiLO1
Intuit Alumni

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

To combat fraud and identity theft, new IRS procedures effective January 2015 will limit the number of refunds electronically deposited into a single financial account or pre-paid debit card to three. The IRS does not mention a threshold regarding dollar amounts. For more details, please click here.

sherrykays1951
Returning Member

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

I'm new at this so when they reject my refund at my clothes account do I have to wait for them to receive it back from the IRS then send me a check or how does that work again

AkinaLO
Intuit Alumni

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

There isn't a specific timeframe for this type of situation. For the average refunds with no issues, it can take up to 6 weeks to receive a paper check. Please refer to the following article for more information.

What if I entered the wrong bank account for direct deposit?

 

 

[02/17/22 | 12:16 PM]

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Jwill11931
Returning Member

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

I have the same issue and my refund is due in 3 days. How'd that work out 4 u?

 

Morales316
Returning Member

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

They are doing an aduit.  😫🤦‍♀️ first time in six years. I mailed in proof they needed the very next day

Brigreen01
Returning Member

Are there Direct deposit limits? If a return is over 10,000. Do they stop your direct deposit and nail a paper check?

How long did it take to come ?

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question