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New Member
posted Apr 14, 2020 9:31:16 AM

Will my direct deposit for the stimulus check be dropped tomorrow

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1 Best answer
Level 15
Apr 14, 2020 9:32:15 AM

 TurboTax does not get any information about your stimulus money.  The IRS does & they don't send you a notice when it is deposited.   You would have to check your bank account.  You should get a letter after your receive the stimulus money stating how much you should have received.

 

Who is getting the money first

The people getting theirs first are the ones who filed tax returns in 2018 or 2019 and received funds through direct deposit. People who didn’t file taxes, are very low income or are older and don't need to file will have to wait for their money. Any paper checks should go out starting early May.

Elise Gould, a senior economist with the Economic Policy Institute, said some might not see the money until mid-summer.

“There’s going to have to be a way to collect their information, and that process could take a couple months,” Gould said.

 

What if the IRS doesn't have my current bank info for direct deposit?

The IRS is creating a web portal where users can check the status of their stimulus payments. It will launch this week. The site will also have a feature to enter your bank account information if the IRS doesn’t already have it from a 2018 or 2019 refund. The IRS expects this to launch this tool by Friday, April 17.

 

Check this page to view the stimulus check tracker info and look for the "Get My Payment" button, when it launches.

 

On the web: https://www.irs.gov/coronavirus/economic-impact-payments

 

Stimulus check tracker

The coming IRS web portal will also let users check the status of their stimulus payments. The IRS expects this to launch by Friday, April 17.

 

Check this page to view the stimulus check tracker info and look for the "Get My Payment" button, when it launches.

 

On the web: https://www.irs.gov/coronavirus/economic-impact-payments

24 Replies
Level 15
Apr 14, 2020 9:32:15 AM

 TurboTax does not get any information about your stimulus money.  The IRS does & they don't send you a notice when it is deposited.   You would have to check your bank account.  You should get a letter after your receive the stimulus money stating how much you should have received.

 

Who is getting the money first

The people getting theirs first are the ones who filed tax returns in 2018 or 2019 and received funds through direct deposit. People who didn’t file taxes, are very low income or are older and don't need to file will have to wait for their money. Any paper checks should go out starting early May.

Elise Gould, a senior economist with the Economic Policy Institute, said some might not see the money until mid-summer.

“There’s going to have to be a way to collect their information, and that process could take a couple months,” Gould said.

 

What if the IRS doesn't have my current bank info for direct deposit?

The IRS is creating a web portal where users can check the status of their stimulus payments. It will launch this week. The site will also have a feature to enter your bank account information if the IRS doesn’t already have it from a 2018 or 2019 refund. The IRS expects this to launch this tool by Friday, April 17.

 

Check this page to view the stimulus check tracker info and look for the "Get My Payment" button, when it launches.

 

On the web: https://www.irs.gov/coronavirus/economic-impact-payments

 

Stimulus check tracker

The coming IRS web portal will also let users check the status of their stimulus payments. The IRS expects this to launch by Friday, April 17.

 

Check this page to view the stimulus check tracker info and look for the "Get My Payment" button, when it launches.

 

On the web: https://www.irs.gov/coronavirus/economic-impact-payments

Level 2
Apr 14, 2020 7:18:50 PM

@melinna0598_  hi there, just got my stimulus check tonight in my bank, same with sister in law. Should be coming for you soon! Yay!

New Member
Apr 15, 2020 5:08:31 AM

So I checked the get my payment tool this morning since I still hadn’t seen a deposit on my turbo card and it said they did not have enough information so I had to put in my bank account Information and now I wait some more. Maybe others somehow miraculously got it on their turbo card but I didn’t.

Level 1
Apr 15, 2020 5:39:11 AM

Not for me, TT forced me to use the card since I got a $500 advance, So when I checked the portal for the IRS this morning it said it didn't have enough info to DD. So I updated it and wait now I guess.

Level 3
Apr 15, 2020 5:43:29 AM

Check the IRS website for tracking stimulus checks and it says my deposit was scheduled for today, April 15th but the direct deposit information DOES NOT MATCH my Turbo Card account number. So we all get our federal refund via green dot but it seems our stimulus checks are going to be delayed until the IRS either requests updated information or mails us a check. 

 

I am livid

 

at Turbo Tax right now. 

Level 1
Apr 15, 2020 5:57:01 AM

Oh no! Will the portal let you update to something else, If you have a other account to use that is

Level 2
Apr 15, 2020 5:57:17 AM

So I just checked the IRS online tool “where’s my payment” and it said it was deposited into a bank account today that was ending in the last four of my social. That didn’t make any sense to me because my tax forms match the deposit information on my TurboTax card. So obviously because we can’t contact the IRS I contacted a turbo tax live rep. I told her what I had seen and asked if she knew if we were getting our stimulus checks on the card or not and she stated to me that the IRS will NOT be depositing our stimulus checks onto the card. So us TurboTax card users are pretty much SOL. She said the IRS stated that if anyone used a third party for their refunds then they will not be getting them on those type of cards. So now we have to wait until somehow we are able to update our banking information. This will be the last time I ever use a TurboTax card. 

Level 2
Apr 15, 2020 6:20:32 AM

I won’t be using turbo tax again!

Level 2
Apr 15, 2020 6:24:05 AM

My tracking said the same thing, it was showing an account number but the last four listed were my husbands last four of his social. 

New Member
Apr 15, 2020 6:29:06 AM

No! It will not be direct deposited. You will need to add account information on the IRS webpage. Just found out using there new tracker. 

Level 2
Apr 15, 2020 6:41:33 AM

It’s not going to let everyone update their account information. 

Level 2
Apr 15, 2020 7:39:00 AM

I just received this email I guess I will see what happens. 

New Member
Apr 15, 2020 8:03:18 AM

I was finally able to log into my Prepaid card portal and my stimulus check was deposited this morning. I believe if your 2019 1040 matches the direct deposit info listed it will be deposited. It took me about 2 hours to finally log into my account and the IRS website was not working for me either, but be patient 

Level 2
Apr 15, 2020 8:16:01 AM

It’s frustrating when turbo tax reps have no clue what’s going on. But to FINALLY hear someone has received their check on their card has me hopeful. So I guess we’ll see. I still have not been able to login to my card for a couple of hours either though. 

New Member
Apr 15, 2020 9:12:03 AM

Did you have fees taken out of your fedral refund?

Level 3
Apr 15, 2020 12:26:40 PM

I just got through and checked my balance. My stimulus check posted!We had the advance refund with fees taken out too. 

Level 3
Apr 15, 2020 1:59:49 PM

This same thing happened to me. However i looked up my original card paperwork that had the direct deposit info on it and its the correct account number. But my card balance is 0.00. Where's my money? I can't get anyone from TT on the phone either. Do you know anything more about this?  

Level 3
Apr 15, 2020 2:03:22 PM

Did your stimulus check get deposited into TT card yet? Im having trouble. IRS report they deposited it into my TT card account but my balance is 0.00. Was hoping you might know something more than i do. 

Level 2
Apr 15, 2020 2:13:50 PM

It finally posted to my account like two hours ago. I kept trying to long in and it was finally there. Yes it was the TT card. 

Level 2
Apr 15, 2020 2:29:18 PM

Mine finally posted to the card a couple of hours ago as well. 

Level 3
Apr 15, 2020 2:38:14 PM

Mine finally posted at 3pm EDT after showing a balance of $0 all day and the IRS tracker showing incorrect deposit information (an account number with the last four of my husband's social) 

 

I know it's hard but be patient for a little while longer. The whole TT system was down for most of the day. I think they're struggling to keep up with the amount of deposits. 

Level 3
Apr 15, 2020 2:47:25 PM

I received this email a little after the deposit posted. Keep an eye on your inbox

New Member
Apr 16, 2020 10:21:41 AM

I used Turbotax for my 2019 tax return and got the refund already, why I am still not receiving the stimulus check?

 

checked the IRS"get my payment" website and typed in exactly the same info I have on my 2019 1040 form, and it said status not available/info did not match their record.

 

What is going on here?

 

New Member
Apr 16, 2020 11:01:21 PM

Can we file a class action lawsuit against TT for knowing that the IRS did not have our direct deposit info, and telling us that they would individually deposit it into our accounts anyway?