TurboTax does not receive any type of tax refund, federal or state. TurboTax does not receive any type of Economic Impact Payment.
TurboTax is a software company. TurboTax is
not
a financial institution, like a bank, that can receive and distribute payments.
The stimulus payment will go to the account you entered for direct deposit on the 2019 tax return. The direct deposit information cannot be changed. If the account is closed the IRS will send the payment by mail or on a debit card.
Go to this IRS website for stimulus information - https://www.irs.gov/newsroom/treasury-and-irs-begin-delivering-second-round-of-economic-impact-payme...
Go to this IRS website to check the status of your payment - https://www.irs.gov/coronavirus/get-my-payment
If you do not receive the second stimulus payment on or before January 15, 2021 and/or you did not receive the first stimulus payment in 2020 and you are eligible it will be entered on your federal tax return, Form 1040 on Line 30.
The Form 1040 has not been finalized and needs to updated to include the 2nd Economic Impact Payment.
Why do we have to wait to file our taxes to get our stimulus? If we received the first package and have no account changes we should receive the second in our account. Why do we have to wait to almost march to get our money???
Because the IRS screwed up and sent the payments to Turbotax's fake payment accounts instead of directly to us. Never will I use turbotax again and I'd suggest everyone who had this same issue do the same.