I got this email from Turbo Tax, what happens now??
The IRS has begun distributing a third round of stimulus payments.
We understand that you may have questions about where a third stimulus payment will be sent since you used the TurboTax Stimulus Portal to update your information with the second round of stimulus payments.
Here is what you can expect:
- If you filed your 2020 tax return and it has been processed by the IRS your stimulus will be sent to the account you provided in that return.
- If you provided updated banking information via the TurboTax Stimulus Portal for the second stimulus, that information was given to the IRS so they could deposit a third stimulus payment in that account.
- If a bank account the IRS has on file is closed and your bank rejects the payment, the IRS will either:
- Deposit your stimulus check into the bank account you entered into the TurboTax portal, or
- Send your stimulus by check to the address they have on file for you within 14 days.
