topic Direct Deposit of Stimulus: Paid via TurboTax in After you file

Direct Deposit of Stimulus: Paid via TurboTax

SuzyAmicci — Wed, 25 Mar 2020 20:44:48 GMT

They're saying that people with their direct deposit info on file with the IRS will get their stimulus money via that info. However, when we filed we paid for our return fee out of our refund (it ended up costing more than we thought because of additional forms we needed). So the direct deposit info the IRS has on file for me is actually Turbo Taxes bank. Not mine.

How will this effect us receiving this government payment?

Re: Direct Deposit of Stimulus: Paid via TurboTax

EbonyL122824 — Wed, 25 Mar 2020 21:14:35 GMT

The details are still being worked out by Congress at this time. Once things are finalized we will be able to provide more guidance. You can also stay updated by continuously checking the following links.

https://turbotax.intuit.com/coronavirus/

https://ttlc.intuit.com/community/tax-topics/help/how-are-my-taxes-affected-by-covid-19/00/1330402

https://www.irs.gov/coronavirus

Re: Direct Deposit of Stimulus: Paid via TurboTax

SuzyAmicci — Thu, 09 Apr 2020 14:34:55 GMT

Any update on this?

It's been confirmed that refunds are going out as soon as this week (TODAY, even) and will be sent to the direct deposit information on file.

So, are we screwed in getting this stimulus? We'd like to be able to eat and stuff.

Re: Direct Deposit of Stimulus: Paid via TurboTax

LeonardS — Thu, 09 Apr 2020 16:03:34 GMT

This reply is the latest and most accurate information that TurboTax has regarding if your stimulus check will be deposited to your TurboCard. The IRS has the final say as to where the stimulus check will be deposited and until they publish that information it is not possible to provide you with a yes or no answer to your question.

"We are still waiting for IRS guidance regarding updating or providing direct deposit information for the stimulus payments and how they will be distributed to these type of accounts. We will have more information once the government finalizes the details. In the meantime, you can visit the following links for the most recent updates:IRS Coronavirus Tax Relief TurboTax Corona Virus Tax Center Updates"

[Edited 04/09/2020 | 9:00 am PDT]

Re: Direct Deposit of Stimulus: Paid via TurboTax

SuzyAmicci — Thu, 09 Apr 2020 15:56:07 GMT

I have no idea what you're talking about regarding a 'repaid card'?

Re: Direct Deposit of Stimulus: Paid via TurboTax

SuzyAmicci — Thu, 09 Apr 2020 16:07:36 GMT

Okay, so you changed it to 'Turbo Card', but I still have no idea what that means.

The IRS has said and confirmed payments ARE being made as early as this week to the direct deposit info on file. That is confirmed.

Re: Direct Deposit of Stimulus: Paid via TurboTax

LeonardS — Thu, 09 Apr 2020 16:07:52 GMT

The TurboCard can be considered a prepaid card.

Re: Direct Deposit of Stimulus: Paid via TurboTax

SuzyAmicci — Thu, 09 Apr 2020 16:09:10 GMT

Yeah, and I'm not asking anything about a prepaid card, am I? I Have no idea why that is your reply?

Re: Direct Deposit of Stimulus: Paid via TurboTax

LeonardS — Thu, 09 Apr 2020 16:20:34 GMT

To answer your question if you paid the taxes you owed from your personal bank account by providing the bank information on your tax return then the IRS will use that bank information to directly deposit your stimulus check.

Re: Direct Deposit of Stimulus: Paid via TurboTax

SuzyAmicci — Thu, 09 Apr 2020 16:21:24 GMT

Ok, Leonard. That still wasn't the question I asked. So just say you don't know.

Re: Direct Deposit of Stimulus: Paid via TurboTax

LeonardS — Thu, 09 Apr 2020 16:28:48 GMT

If your tax return has your personal bank information that was used to either receive a direct deposit of your refund or was used to pay your tax due then the IRS has your bank information to use for your direct deposit of your stimulus check.

Re: Direct Deposit of Stimulus: Paid via TurboTax

SuzyAmicci — Thu, 09 Apr 2020 16:31:15 GMT

No, Leonard. Like I explained. My return has Turbos Tax's bank info, not mine. My refund will be paid to TT, the return processing fees taken, and then rest forwarded to me.

So the IRS will be paying my stimulus to TT.

Re: Direct Deposit of Stimulus: Paid via TurboTax

LeonardS — Thu, 09 Apr 2020 16:41:00 GMT

No, the IRS will not send your stimulus check to TurboTax. The IRS knows that the bank information on your tax return is not your personal bank information. If you do not provide the IRS with your banking information they will send you a stimulus check by mail. This link What do I need to do to get my stimulus payment? has information you may find helpful.

Re: Direct Deposit of Stimulus: Paid via TurboTax

SuzyAmicci — Thu, 09 Apr 2020 17:49:50 GMT

Nope, Leanard. You're going to need to verify the info you give people. I just got off the phone with Turbo Tax and followed up with the IRS. The IRS say they have no idea who's bank info is on the return, they will send the stimulus to the bank info supplied. TT also says that they did not anticipate this, they have no solution yet.

Re: Direct Deposit of Stimulus: Paid via TurboTax

michelekitchen — Sat, 11 Apr 2020 01:50:11 GMT

Why would you have entered Turbotaxes bank info as your direct deposit? How did you get your refund then? I filed through turbotax and used a turbotax prepaid intuit card to get my refund and it didn't go to their bank. I've also filed in the past and used my own bank info and got my refund that way. I think you're not understanding what Leonard is saying. The money should go into whatever bank info you entered. Not really sure how you had turbo taxes personal bank info to begin with. That's what it sounds like you are saying.

Re: Direct Deposit of Stimulus: Paid via TurboTax

SuzyAmicci — Sat, 11 Apr 2020 01:55:03 GMT

TT offers an option of paying for preparing your return from the refund itself. As I explained, by the time we were done with our return and it's complexities, the fee was more than we expected but since we were also getting back more than we expected, we said 'awww eff ' it and decided to just pay the fee that way.

What happens is I fill in my bank info, but the actual bank info on my return when filed is TT's. So when the IRS pays the refund, they pay TT. TT then gets the money that is our return, removes the fees due, and forwards the rest to our account.

So when our refund was deposited via direct deposit it came from TT, not the federal government.

Re: Direct Deposit of Stimulus: Paid via TurboTax

Lea25 — Sat, 11 Apr 2020 01:55:43 GMT

I believe what they’re referring to is when you have the fee for filing with turbo tax taken out of your refund it goes through Santa Barbara bank. So the IRS has that banking information not your personal bank info that Santa Barbara sends your deposit to.

Re: Direct Deposit of Stimulus: Paid via TurboTax

michelekitchen — Sun, 12 Apr 2020 03:32:11 GMT

I did the same thing - had my fees taken out of my refund - but when I look at my return that was filed, the direct deposit info is my account and routing number for the TurboTax prepaid debit card Green Dot bank. I wonder why yours is different?

Re: Direct Deposit of Stimulus: Paid via TurboTax

Starr0907 — Tue, 14 Apr 2020 18:17:48 GMT

You will more than likely be getting a paper check then. Fees and advances went through a 3rd party company (Santa Barbara) so when they go to deposit the money it will come back that the account is closed and in turn the irs will then send out a paper check to the address you have on file. I don't have the link but you can Google the info for Santa Barbara co. You may be able to correct the bank info when the irs portal comes up but if your already scheduled to get it there's nothing you can do but wait for the paper check

Re: Direct Deposit of Stimulus: Paid via TurboTax

MarieD — Thu, 16 Apr 2020 20:13:15 GMT

I filed in February 2020 and have used TT for years always with my same personal bank acct. Owed this year so it was direct debit. Had no TurboTax fees. It’s says they don’t have my bank info. So appears your answer is wrong.