The law says there will be no offsets for existing federal tax debts other than child support. Please view this TurboTax FAQ for more information. TurboTax is still waiting on guidance from the IRS to determine what types of financial accounts stimulus payments will be directly deposited into. However, the treasury department plans on opening a web-based portal for individuals to provide their banking information to the IRS online. Please keep checking this IRS link and this TurboTax link for an update on when this portal will be available.
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