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.

What is the form needed for the second stimulus payment if you closed your old account and can no longer receive it via direct deposit?

To claim on 2020 taxes
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.

2 Replies

What is the form needed for the second stimulus payment if you closed your old account and can no longer receive it via direct deposit?

The payment will go to the account you entered for direct deposit on the 2019 tax return.  If the account is closed the IRS will send the payment by mail or on a debit card.

 

Go to this IRS website for stimulus information - https://www.irs.gov/newsroom/treasury-and-irs-begin-delivering-second-round-of-economic-impact-payme...

What is the form needed for the second stimulus payment if you closed your old account and can no longer receive it via direct deposit?

Just follow the interview ... everyone will see this screen in the Federal Review tab ...

 

2020 stimulus Q.jpg

 

The question about the amount you got in the advance stimulus payment doesn’t happen until the END of the interview.  By then the program has already calculated the credit and has included the amount in the refund meter you see at the top of the screen.   UNTIL you get to that screen where you can indicate how much you actually got in the ADVANCE payment the program cannot know what the correct amount really is.  So once you enter in that amount the program adjusts the credit accordingly depending on how much you already got and the refund meter will change appropriately.  

 

 

Hot off the press ... straight from the horse's mouth ...

 

https://mail.yahoo.com/d/folders/1/messages/AKaCGGNoZ5dQX-vD5Qh0EP67mQ4

 

 

 

 

 

 

 

 

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