@nkubiak22
The IRS says that it will issue 9 out of 10 refunds to taxpayers in less than 21 days. However, if:
- You have e-filed your 2020 Federal tax return,
- You are claiming a Recovery Rebate Credit (RRC) on line 30 of the 2020 1040 tax return, and
- Your tax return has been accepted by the IRS.
We suspect that the IRS will scrutinize stimulus payments that were issued against the tax returns that claim the Recovery Rebate Credit. We do not know how much delay that the IRS will incur in such cases.
We do not know is how quickly the IRS will update your stimulus information after your 2020 Federal 1040 tax return is accepted.
The IRS will determine your eligibility for the third stimulus payment based on your last tax return, either 2019 or 2020, and will likely will likely send your payment to the bank account where that tax refund was deposited. See this TurboTax Help.
For information on when you can expect your stimulus payment, check the IRS Get My Payment tool.
Follow the TurboTax COVID Tax Center and the IRS Economic Impact Payment Information Center as further updates are issued by the IRS.
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