My bank has told me the IRS made an error and sent TurboTax users stimulus payments to the TurboTax bank. Is this true? No refund in 2019 and paid our prep fee separate.

[bunchte]

I have read that this would only impact users who deduct the prep fee from the return which doesn't apply to me but it doesn't line up with what my bank told me.

[DoninGA]

TurboTax does not receive any type of tax refund, federal or state.  TurboTax does not receive any type of Economic Impact Payment.

The stimulus payment will go to the account you entered for direct deposit on the 2019 tax return.  The direct deposit information cannot be changed.  If the account is closed the IRS will send the payment by mail or on a debit card.

Go to this IRS website for stimulus information - https://www.irs.gov/newsroom/treasury-and-irs-begin-delivering-second-round-of-economic-impact-payme...

Go to this IRS website to check the status of your payment - https://www.irs.gov/coronavirus/get-my-payment

If you do not receive the second stimulus payment on or before January 15, 2021 and/or you did not receive the first stimulus payment in 2020 and you are eligible it will be entered on your federal tax return, Form 1040 on Line 30.

The Form 1040 has not been finalized and needs to updated to include the 2nd Economic Impact Payment.