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New Member
posted Jan 5, 2021 7:00:16 AM

Why have we not received our second stimulus? Why was it forwarded back to the IRS instead of being deposited into my account like the first stimulus payment?

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2 Replies
Level 15
Jan 5, 2021 7:00:47 AM

TurboTax does not receive any type of tax refund, federal or state.  TurboTax does not receive any type of Economic Impact Payment.

 

The stimulus payment will go to the account you entered for direct deposit on the 2019 tax return.  The direct deposit information cannot be changed.  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...

 

Go to this IRS website to check the status of your payment - https://www.irs.gov/coronavirus/get-my-payment

 

If you do not receive the second stimulus payment on or before January 15, 2021 and/or you did not receive the first stimulus payment in 2020 and you are eligible it will be entered on your federal tax return, Form 1040 on Line 30.

The Form 1040 has not been finalized and needs to updated to include the 2nd Economic Impact Payment.

Level 2
Jan 5, 2021 12:50:04 PM

Someone else posted a similar question and here's my response:

 

Today, I read a few news articles stating that people who filed with TurboTax or H&R Block, and also chose to have their filing fees deducted from their Federal returns, are experiencing issues/delays with their second stimulus payments. For me personally, this was not an issue with the first stimulus, but news sources are saying it's an issue now for the second one, and that TurboTax's fee processor is receiving consumers' stimulus payments and returning them to the IRS.