2020 tax return and Direct Deposit/stimulus information.

[rjd66]

I filed my 2020 tax return and I owed money this year, they did not ask me for my direct deposit information I guess because I said I would send a check to pay them. 

Does this effect my direct deposit information with the IRS? I filed and submitted my direct deposit information on my 2019 taxes and got the last two stimulus checks, do I need to do anything to update this with the IRS if that information has not changed because I want to know if I am all set up to receive the next stimulus if one is passed?

I feel that is something that should have been included in your software for this year so people would understand, or if it is I might have just missed it. 

Also I pulled up my tax information on PDF and all my direct deposit information is just filled in with "X" in every line. 

[JamesG1]

At this time, the IRS has no procedure for you to report your mailing address and/or checking account information should there be a third stimulus payment.

If you have correctly filed your 2020 Federal 1040 tax return, you have reported to them your correct mailing address.  Fortunately, the IRS has your correct checking account information since you received the first two stimulus payments.

We do not have specific information on the income qualifications or procedures for a third stimulus payment because the measure has not been passed yet.

You can find the most up to date information from the IRS here, and updates from TurboTax here as they develop.

As a security measure, the IRS recommends that checking account information be X'd out on printed materials.

[rjd66]

"Fortunately, the IRS has your correct checking account information since you received the first two stimulus payments."

Okay then I was just checking on that and hope that hold true for the next one after placing my 2020 taxes. 

[rjd66]

Well I got the first two stimulus checks quickly and low and behold I am sitting here now with no stimulus almost a week after it came out. 

I knew this was going to be a [removed] problem, I should have just waited to do my [removed] 2020 taxes.

[ReneeM7122]

Yes, you are correct, many of our customers are experiencing delays in receiving their stimulus due to the IRS not answering the phone and their online tools not working as expected.  This is true for all taxpayers including those using private tax professionals and other software companies.   As our customers continue to have questions regarding the Economic Impact Payments (EIP), we’re continuing to work with the IRS for guidance. We’re updating our customer and expert-facing articles with information as soon as we get it.

Please see the following link about late payments: What if my IRS refund is taking longer than 21 days?

Here is an FAQ with updated links and information:  Review the new FAQs in the article, How will the third stimulus impact me? 

@rjd66