As long as you
haven't filed yet (or you e-filed but got rejected), you can simply step
through the File section again to update your information using the instructions below.
- When you click the File tab, you click Start in the Step 1 section.
- Click View payment options at the bottom of the page.
- You will be taken to the screen that asks how you want to pay for
your return. If you select, Pay with your refund, you will not be given
the option to receive a paper check. You will only be given this
option if you select Pay with your credit card.
- If you select Pay with your credit card, you will enter your card information and then follow the prompts to make your payment.
- Next, proceed to step 2, where you will be brought to the screen where you will choose your refund method.
Once your return has
been accepted (or
mailed), it's too late to change your bank account in TurboTax for direct
deposit. However, the IRS provides
the following remedies:
- If the return hasn't already
posted to their system, you can ask the IRS to stop the direct deposit.
You may call them toll-free at 800-829-1040, M - F, 7 a.m. - 7 p.m.
- Generally, if the financial
institution recovers the funds and returns them to the IRS, the IRS will
send a paper refund check to your last known address on file with the IRS.
- If you have contacted the
financial institution and two weeks have passed with no results, you will
need to file Form 3911, Taxpayer Statement Regarding Refund, to
initiate a trace. This allows the IRS to contact the bank on your behalf
to attempt recovery of your refund. Banks are allowed up to 90 days from
the date of the initial trace input to respond to our request for information.
- If funds aren't available or
the bank refuses to return the funds, the IRS cannot compel the bank to do
so. The case may then become a civil matter between you and the financial
institution and/or the owner of the account into which the funds were
deposited.
