Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 13, 2020 6:28:00 AM

Are stimulus checks being deposited to TTC

0 5 1035
5 Replies
Expert Alumni
Apr 13, 2020 6:47:35 AM

In order to deliver money as quickly as possible to those who need it, the IRS is sending stimulus payments to eligible taxpayers who filed a tax return in either 2019 or 2018 and chose to receive their refund via direct deposit into their checking account.  These taxpayers will automatically have their stimulus payment deposited into the account they received their refund.

We have not yet received confirmation from the IRS on whether they will be putting stimulus payments on prepaid debit cards.  However, we have noticed that the IRS has started depositing stimulus payments on some prepaid debit cards for taxpayers that chose to receive their refund through that method in tax year 2019 or 2018.  If you received your refund on a prepaid debit card in tax year 2019 or 2018, here is what you need to know:

  • I have access to my debit card: If you have access to your debit card (most people), there is nothing more you need to do.  If the IRS deposits a stimulus payment onto your prepaid debit card, you will be able to immediately use the stimulus funds upon deposit.
  • I don’t have access to my debit card: If you received a notification that you will be receiving your stimulus payment from the IRS on your prepaid debit card and no longer have access to it, we will have information coming shortly.  We encourage you to visit this site, where we are continually updating with the latest information and guidance. We know everyone is anxious to get their stimulus money and we are committed to helping our customers get access to their stimulus payment as fast as possible.

Note: Please view this IRS link and use the Get Your Payment application, available mid-April, to check the status of your stimulus payment.   

New Member
Apr 13, 2020 8:32:09 AM

I got the prepaid card from you guys and that's how I got my refund will the check go on my card and when

Expert Alumni
Apr 13, 2020 8:38:14 AM

@Jennyadkins1981

 

We have not yet received confirmation from the IRS on whether they will be putting stimulus payments on prepaid debit cards. 

 

However, we have noticed that the IRS has started depositing stimulus payments on some prepaid debit cards for taxpayers that chose to receive their refund through that method in tax year 2019 or 2018. 

 

If you received your refund on a prepaid debit card in tax year 2019 or 2018, here is what you need to know:

  • I have access to my debit card: If you have access to your debit card (most people), there is nothing more you need to do. If the IRS deposits a stimulus payment onto your prepaid debit card, you will be able to immediately use the stimulus funds upon deposit.
  • I don’t have access to my debit card: If you received a notification that you will be receiving your stimulus payment from the IRS on your prepaid debit card and no longer have access to it, we will have information coming shortly. We encourage you to visit this site, where we are continually updating with the latest information and guidance. We know everyone is anxious to get their stimulus money and we are committed to helping our customers get access to their stimulus payment as fast as possible.

 

Please visit the following links for the most recent updates:

Returning Member
Apr 17, 2020 1:20:18 PM

or they going on turbotax  card be waiting yes or no

Level 15
Apr 17, 2020 1:23:02 PM

@budmiller - if you had the fees subtracted from your refund, or a loan advance, then no, unless you update your information with the IRS

 

 Check the IRS website and update your bank information if necessary. If you have the debit card, be sure the "account number" is verified at the Greendot. com website; do not assume the card number is the account number.  AGI is line 7 on your 2018 return and line 8B on your 2019 return.  Refund is line 21a of the 2019 tax return. and line 20a for 2018

 

https://www.irs.gov/coronavirus/economic-impact-payments