We are still waiting for IRS guidance regarding updating or providing direct deposit information for the stimulus payments and how they will be distributed to these types of accounts. We will have more information once the government finalizes the details.

In the meantime, you can visit the following links for the most recent updates:

https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments

https://turbotax.intuit.com/coronavirus/

@jellyvan

I had a quick question. I added my middle initial on my income tax. But I added a checking account that doesn’t have my middle initial. Will there be a problem receiving tax refund?

Probably not. If the rest of your personal identifiable information matches, it would be unlikely to cause a problem. Please see the links provided by TurboTax Employee Expert LinaJ2020 for more information.

@Yungsavage1122