Self employed

There is not a "one-stop" place to connect your stimulus, tax refund, and unemployment compensation to one place and/or debit credit card.  

Your tax refund will be sent to the account that you stipulated on your income tax return.

Your unemployment will go to the account that your state uses for unemployment payments. To change that account, you will go through your state unemployment department.

 

Your stimulus payment bank account information cannot be changed.

The bank account information in Get My Payment came from one of the following sources:

  • Your 2020 tax return
  • Your 2019 tax return if your 2020 return was not processed when the IRS started issuing payments
  • Information you entered on your non-filer registration in 2020
  • Information you entered on Get My Payment in 2020
  • A federal agency that provides you benefits: This may include the Social Security Administration, Veteran Affairs, or the Railroad Retirement Boar

f your bank information is invalid or the account has been closed, the bank will return your payment to the IRS and they will mail it to you by check at the address they have on file.

If you used TurboTax to file your return, you can amend it when the amend function is available late in March.  It is advisable to wait until your return is processed before amending.  Amending to only change your bank deposit information will probably not affect the 2020 deposit, but may help to have a different bank account on file with them for future stimulus payments.