topic Check or Direct deposit in Get your taxes done using TurboTax

Check or Direct deposit

Beanpies — Thu, 09 Sep 2021 20:52:29 GMT

Are unemployment refunds being direct deposited or will it be a separate check? I have been checking both my accounts and mail box

Re: Check or Direct deposit

xmasbaby0 — Thu, 09 Sep 2021 21:17:09 GMT

Keep on checking both. The IRS has been severely backlogged and they have been kind of erratic in how they pay refunds.

The most recent batch of unemployment refunds went out in late July 2021. The IRS has not announced when the next batch will be sent out, but they are still working on them.

The IRS is recalculating refunds for people whose AGI is $150K or below and who filed before the tax law that changed the amount of unemployment that is taxable on a federal return became effective.

The IRS began to send out the additional refund checks for tax withheld from unemployment in May. The refunds are being sent out in batches—starting with the simplest returns first. If you are eligible for the extra refund for federal tax that was withheld from your unemployment the IRS will be sending you an additional refund sometime during the next several months. TurboTax cannot track or predict when it will be sent. The IRS has not provided a way for you to track it, so all you can do is wait for the refund to arrive.

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve-already-filed-my-taxes/00/2081053

Please read this news from the IRS:

https://www.irs.gov/newsroom/irs-continues-unemployment-compensation-adjustments-prepares-another-1-point-5-million-refunds

Re: Check or Direct deposit

JordanK_EA — Thu, 09 Sep 2021 21:20:43 GMT

Thanks @xmasbaby0! Some really great info in there, but I do know that some unemployment refunds were sent out at the end of August as well. Not sure if the IRS released any update about the latest batch, but I'm sure people received them in the last week of August. Here's another great article for more information regarding the unemployment tax refund.

Re: Check or Direct deposit

xmasbaby0 — Thu, 09 Sep 2021 21:34:57 GMT

@JordanK_EA Thanks! I actually had the link to that same article lurking in my material and have now moved it up so as to include it with future replies! And have corrected the reference to late July...