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TurboTax is not a bank, it cannot send or receive a stimulus payment. Only the IRS controls when and if a stimulus payment is distributed.
Go to this IRS get my payment website - https://www.irs.gov/coronavirus/get-my-payment
If you do not receive any other stimulus payments by January 15, 2021, then the stimulus payment for which you are eligible to receive will be entered on your 2020 federal tax return as a tax credit on Form 1040 Line 30.
The TurboTax program will ask about stimulus payments in the Federal Review section of the program.
I know TurboTax is not a bank, but I thought they were assisting with the IRS. They had issues with sending it to wrong bank accounts. My bank account on my 2019 tax return is closed. Will I receive a paper check or have to file on my 2020 return?
@nicki-leach wrote:
I know TurboTax is not a bank, but I thought they were assisting with the IRS. They had issues with sending it to wrong bank accounts. My bank account on my 2019 tax return is closed. Will I receive a paper check or have to file on my 2020 return?
If the bank account you used for a 2019 federal tax return direct deposit, the IRS is supposed to send you a check in the mail after the direct deposit for the stimulus is rejected by the bank. Any check sent by the IRS should arrive on or before January 15, 2021. If nothing is received by January 15, 2021 then you will have to claim the stimulus payment as a tax credit on your 2020 federal tax return.
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