We already filed taxes and owed money this year, so we set up a direct deposit for a monthly payment with the IRS.
As I understand it, we will still get the stimulus, but I am concerned about the direct deposit side of things.
Since we did not get a refund, will they pull the direct deposit info over from 2018 and use that to deposit funds?
Will they use the account information we are paying them for 2019's taxes via?
Would we/should we use the TurboTax tool to provide up to date information, similarly to those who don't file at all?
Thanks!
According to IRS.gov:
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.
Please keep checking the above link for details.
@mrv905aolcom wrote:
what line do i put the stimulus amounts?
The stimulus payments received are reported in the Federal Review section of the program for your 2020 federal tax return.