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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:
So I just checked the IRS online tool “where’s my payment” and it said it was deposited into a bank account today that was ending in the last four of my social. That didn’t make any sense to me because my tax forms match the deposit information on my TurboTax card. So obviously because we can’t contact the IRS I contacted a turbo tax live rep. I told her what I had seen and asked if she knew if we were getting our stimulus checks on the card or not and she stated to me that the IRS will NOT be depositing our stimulus checks onto the card. So us TurboTax card users are pretty much SOL. She said the IRS stated that if anyone used a third party for their refunds then they will not be getting them on those type of cards. So now we have to wait until somehow we are able to update our banking information. This will be the last time I ever use a TurboTax card.
The portal where you can update your banking information for direct deposit cam online this morning 4/15/20. Here is a link to it: https://www.irs.gov/coronavirus/get-my-payment
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