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In order to deliver money as quickly as possible to those who need it, the IRS is sending stimulus payments to eligible taxpayers who filed a tax return in either 2019 or 2018 and chose to receive their refund via direct deposit into their checking account. These taxpayers will automatically have their stimulus payment deposited into the account they received their refund.
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 2018 or 2019, here is what you need to know:
I’m just confused because when I called and spoke with someone at TurboTax they told me that the IRS isn’t issuing money on prepaid cards and that we would have to enter our account info on their website once the tool became available. And then I’ve heard some ppl have already received theirs.
Things are changing rapidly. Not all questions have been answered yet, but the above information is the latest information we have.
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