We had to pay taxes in 2018 and have to this year. We have not paid 2019 yet. Taxes were done via TurboTax and paid directly from our bank account. It is the same account we have used for the past 10 years. Years prior, we received refunds. The question is...Will the IRS use the bank information to DEPOSIT the stimulus check that we PAID from last year and will ultimately pay this years?
Yes, based on information we have regarding he Stimulus payments, if bank information was included on your 2018 and/or 2019 tax return, that information will be used to direct deposit your stimulus check.
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UPDATE ... from the IRS FAQ ... I interpret this as those that paid taxes will not get their stimulus electronically without action.
Your bank account information for your economic impact payment is usually captured from:
More specifics from the FAQ:
A24. No, the IRS will not send Payments to accounts used to make a payment to the IRS. After you properly verify your identity, the tool will allow you to submit your bank account information if your Payment has not been processed. Providing your bank information is the fastest way to receive your Payment. If we do not have bank information for you, your Payment will be mailed to the address we have on file for you.