I need to update my information

Forum|Forum|5 years ago
December 28, 2020
3 replies
12 views

I need to change my banking information because my banking account has been closed

TurboTax Online

DoninGA

Level 15

TurboTax does not store your bank information.

Once a tax return has been filed the bank information cannot be changed.

When you file the 2020 federal tax return you can enter the bank routing and account number for a direct deposit of a federal tax refund in the File section of the TurboTax program.

VolvoGirl

Level 15

You can only change it when you file your 2020 return. And you can't file until Jan27. You enter or change it when you go through the File Tab.

For the Stimulus......We don't know if the IRS will have a way to change it Online before you file your 2020 return.

rjs

Level 15

There is no way to change your bank information for the second stimulus payment. For security reasons, the IRS is not expected to provide a way to change it. If the account has been closed, the bank will reject the deposit. The IRS will then mail a check for your payment to the most recent address they have on file, which is usually the address on the last tax return that you filed. It will take about two weeks for you to get the check after the bank rejects the deposit.