@Flamikep wrote:
How come there had been no answer to this question ? I'm in the same boat and I'm sure there are plenty others who are wondering the same.
The answer was posted a couple posts back by DoninGA.
https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
The IRS will use the direct deposit information on your 2019 or 2018 *tax return* if possible.
How will the IRS know where to send my payment?
The vast majority of people do not need to take any action. The IRS will calculate and automatically send the economic impact payment to those eligible.
For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.
The IRS does not have my direct deposit information. What can I do?
In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
