The following is a message from TurboTax:
Thank you for all your concern.
Update from SBTPG.
Most recent messaging from us:
"We are happy to share that stimulus payments will begin to be deposited today, Jan 8th, for millions of our customers affected by the IRS error. We expect most of these payments to be available today, but banks could take a few business days to process. Payment will be deposited into the same bank account that customers received their 2019 tax refund. Customers receiving a stimulus payment received an email from TurboTax letting them know their stimulus payment is on the way.
For more stimulus information, please visit the Stimulus hub here: https://turbotax.intuit.com/stimulus-check/"
Also, for any stimulus money you did not receive (first or second stimulus money or you did not receive the full amount, you can claim it on your 2020 tax return (which you file in 2021).
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 (Federal Review) 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.
