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eddie16
Level 2

I’ve not received the second ($600) stimulus deposit as have others I’ve found on news sites. Is there any information related to this TurboTax can provide?

 
5 Replies
GabiU
Community Manager

I’ve not received the second ($600) stimulus deposit as have others I’ve found on news sites. Is there any information related to this TurboTax can provide?

Checking the IRS site will give you the best update for you.


If you have a closed Turbo pre-paid debit card or used Refund Transfer with TurboTax, the IRS will have information on next stimulus steps. 


Check out this link: Second Stimulus, Turbo Card, GreenDot Resources.

 


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Critter-3
Level 15

I’ve not received the second ($600) stimulus deposit as have others I’ve found on news sites. Is there any information related to this TurboTax can provide?

If you used the refund processing service to pay the TT fees from the federal refund and the balance put on the TT card then the processing bank will NOT be accepting those deposits.  They will be rejected and the IRS will issue a check mailed to the address they currently have on file.  Putting in a change of address with the IRS before filing your return will be a waste of time since it will not be processed fast enough but you can put in a forwarding address with the post office if allowed.

            

The IRS will stop mailing payments on 1/15  so if you do not get a check in the mail by 1/27 you can get the money on the 2020 return you will file.  The IRS will not start processing returns until 1/27 at the earliest so you have time to wait and see.  

                

                

                                

              

 

https://www.sbtpg.com/coronavirus-stimulus-payment-info/Economic Impact Payment Information

Last updated: Dec. 30 2020 8:12 am

 

12/30/2020 Update

 

The IRS has announced that the second rounEconomic Impact Payments(EIP) are being delivered directly to qualified taxpayers, and the IRS has indicated payments will NOT  be delivered to Refund Transfer banks including Santa Barbara TPGTPG will not play a role in facilitating these payments. The eligibility amount and status of your stimulus payment can be found at IRS.gov/coronavirus.

 

If the IRS indicates funds were sent to TPG those funds will be rejected back to the IRS. The IRS may indicate funds were deposited to an account ending in the last four digits of your Social Security number. For your protection any account that was established at TPG to facilitate processing of your tax refund was closed when you received your original tax refund, and that account no longer exists.

 

Unfortunately, TPG does not have any visibility into this information, therefore our agents cannot answer any questions regarding these payments.

 

 

TurboTax has NO control over your stimulus check, nor can TT track it or tell you when you will receive it.  The IRS will use the same banking information for the 2nd stimulus that they used for the first one.  If that account (or card) is closed then the stimulus will go back to the IRS and they will mail you a check.

 

See this information from the IRS:

https://www.irs.gov/newsroom/treasury-and-irs-begin-delivering-second-round-of-economic-impact-payme...

 

 

 

 

eddie16
Level 2

I’ve not received the second ($600) stimulus deposit as have others I’ve found on news sites. Is there any information related to this TurboTax can provide?

Thanks everyone for the responses, 

 

I did have the TT fee taken from my return however the return and first stimulus funds were directly deposited into my Credit Union.  Never used a TT Card or anything like this, here is what I see on the IRS - the first stimulus shows deposited into my account this second one shows the same as I’ve read others who used TT / HR have also been experiencing:

Payment #2 Status - Not Available

We are unable to provide the status of your payment right now because:

  • We don't have enough information yet (we're working on this), or
  • You're not eligible for a payment.

 

For more information about why you're receiving this message, see our FAQ

 

You can check the application again to see whether there has been an update to your information. Get My Payment data is updated once per day, so there's no need to check back more often.

Opus 17
Level 15

I’ve not received the second ($600) stimulus deposit as have others I’ve found on news sites. Is there any information related to this TurboTax can provide?

Right, the above answer was off on one point. If you had your refund deposited onto any brand debit card, whether TurboTax brand or another debit card, that looks to the IRS just like a regular bank account and as long as that debit card is still active, the IRS should be able to deposit the reef the stimulus to it.

 

The problem comes when you use refund transfer and then had the rest of the refund sent to your regular bank account.  In that case, the IRS does not have your regular banking information, only the temporary account at SBTPG which was closed immediately after it was used.  The IRS had a website open through October that would allow you to update your banking information, if you did not use it, then the IRS probably only has the information for your closed SBTPG account.

 

if the IRS indicates that a payment was issued to SBTPG, then what is supposed to happen is that after it bounces back, the IRS mails you a check or a debit card. However, the new stimulus law requires the IRS to stop sending payments after January 15. That means that if there is not a check or IRS debit card in the mail to you by January 15, you will have to claim the stimulus payment on your 2020 tax return.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
eddie16
Level 2

I’ve not received the second ($600) stimulus deposit as have others I’ve found on news sites. Is there any information related to this TurboTax can provide?

I didn’t use (or not knowingly) a TT card - I just used TT for doing my taxes and elected to have their fee taken from the refund.

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