Stimulus check and bank info showing on my return

[Mapinc]

I have Turbo Deluxe on windows.  I owe no taxes & none were withheld.  I want to electronically file my Fed return AND have my bank info show up on my 1040, so the IRS can send the stimulus check to my bank account.  Turbo keeps blocking my bank info with XXX.  It will not allow me to override & I understand if I do override, they will not allow me to electronically file.  How do I accomplish the above ?  Thank you. 

[bluedeb]

If you are not due a refund, the program will not accept any banking information.  

[kzliao]

I ran into the same problem. This is a terrible "feature"! Not very considerate to customer need. Please let us to have a way to show the bank account to IRS even if we do not have any refund!!!!!

[DoninGA]

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@kzliao wrote:

I ran into the same problem. This is a terrible "feature"! Not very considerate to customer need. Please let us to have a way to show the bank account to IRS even if we do not have any refund!!!!!

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See this IRS website for information - https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know

The IRS does not have my direct deposit information. What can I do?

In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.

I am not typically required to file a tax return. Can I still receive my payment?

Yes. People who typically do not file a tax return will need to file a simple tax return to receive an economic impact payment. Low-income taxpayers, senior citizens, Social Security recipients, some veterans and individuals with disabilities who are otherwise not required to file a tax return will not owe tax.

How can I file the tax return needed to receive my economic impact payment?

IRS.gov/coronavirus will soon provide information instructing people in these groups on how to file a 2019 tax return with simple, but necessary, information including their filing status, number of dependents and direct deposit bank account information.

[Critter]

This is NOT a terrible feature ... normally you would have no reason to enter the bank info if it will not be used. 

BUT because of this stimulus check it seems to be an issue for a few ... work around is to mail in the return so you can manually enter the DD info on the 1040 form... (not a good option since paper returns can take 6-8 weeks to process because they require entry by a human ... and the IRS is in short supply of those right now)

Or you can efile the return like normal and just get the check mailed to the home. 

It may be possible that the TT program "MAY" be changed to allow it but don't count on it.  AND the IRS mentioned it was "WORKING ON" an online option for taxpayers to update/add their DD info for the stimulus checks HOWEVER neither option is guaranteed to be out soon or to work  correctly. 

So take your pick ... efile, mail , wait.  

[Camp6310]

What if I filed and gave bank info but... my refund went towards back taxes. Will my bank info still be on file with turbo tax??

[bluedeb]

@Camp6310  Yes, your bank information would still be on file with the IRS, even if it was taken.

[Camp6310]

Would I receive stimulus via bank info on file even if I owe back taxes?

[bluedeb · Accepted solution]

@Camp6310  Yes, you will receive the stimulus money.  The following is from news:

"The only administrative offset that will be enforced applies to those who have past due child support payments that the states have reported to the Treasury Department," he continued.

In other words, Americans who are overdue on child support could see their cash payments reduced or eliminated.

[BibbidyBoo]

By this point Turbotax engineers surely have been notified and are frantically trying to find the checkbox that puts direct deposit info on ALL tax returns.

[bluedeb · Accepted solution]

@BibbidyBoo  It is not TurboTax, any software does not have you enter direct deposit information when there is no refund.  Plus, entering direct deposit now in TurboTax would not get to the IRS, once returns are accepted the IRS does not get any more information from TurboTax.

What if my direct deposit information has changed or I want to add it for the first time?

On March 30, the I.R.S. said on its website that it would build a portal where people can update their information “in the coming weeks.”

[BibbidyBoo]

There are a lot of people who haven't submitted their returns yet, "Champ".

[fanfare]

@BibbidyBoo  No, I don't think so.

If you get a check you can

• deposit it at a drive-up teller window
• deposit it at one of your bank's ATMs without going near a teller
• deposit it by taking a picture with your phone.

[bluedeb]

@BibbidyBoo  Whether someone has filed there return yet or not.  IF you do not have a refund, you won't be able to enter direct deposit information.  Whether the program changes for the stimulus money, no one knows yet.  Yes I am a CHAMP!! 

[Critter]

@BibbidyBoo 

All the tax software companies  will do what they can in conjunction with the IRS but nothing can be done overnight so patience will be needed as everyone does the best job they can ... even my professional program has posted they are working with the IRS on this very unusual situation.