Your bank information for 2019 cannot be changed once your return has been accepted & processed. When you file your 2020 tax return, you can change your banking information when you go through the steps to file your return.
The IRS will most likely use information from your 2019 return. If your banking information is incorrect, you will automatically be switched to receiving a check.
If you don't get the second stimulus money, you can claim it on your 2020 return.
On your 2020 return (filed in 2021), you will be asked about the stimulus money. Enter any amount you have already received (if any) . Then the program will calculate if you are owed more money (which would include any amount you qualify for the second stimulus money), or it will show you don't qualify.
After the Other Tax Situations section of the 2020 TurboTax program you will be asked about the stimulus payment received or not received in 2020.
After you asked about the stimulus payment & you qualify, you will get the Recovery Rebate Credit (stimulus) on the 2020 federal tax return, Form 1040 Line 30.
Your bank information for 2019 cannot be changed once your return has been accepted & processed. When you file your 2020 tax return, you can change your banking information when you go through the steps to file your return.
The IRS will most likely use information from your 2019 return. If your banking information is incorrect, you will automatically be switched to receiving a check.
If you don't get the second stimulus money, you can claim it on your 2020 return.
On your 2020 return (filed in 2021), you will be asked about the stimulus money. Enter any amount you have already received (if any) . Then the program will calculate if you are owed more money (which would include any amount you qualify for the second stimulus money), or it will show you don't qualify.
After the Other Tax Situations section of the 2020 TurboTax program you will be asked about the stimulus payment received or not received in 2020.
After you asked about the stimulus payment & you qualify, you will get the Recovery Rebate Credit (stimulus) on the 2020 federal tax return, Form 1040 Line 30.