"A Turbo Tax spokesperson told CNBC in an article Tuesday afternoon that they are “partnering with the IRS to help taxpayers receive their payments as quickly as possib

TurboTax did not receive any customer payments.  However, we are aware that some of our customers were among those affected by an IRS processing error that delayed payments.  We have been working tirelessly on behalf of our customers with the IRS and the U.S. Treasury to find a solution that would get payments to those affected. 

Our partnership with the IRS was an effort to assist them with processing the data that related to our affected customers, to ensure that the IRS was using the best information available. 

We are happy to share that the efforts have paid off and the majority who were affected by the IRS processing error that delayed some stimulus payments should begin seeing deposits into their accounts as soon as January 8, 2021. We expect most of these payments to be available today, but banks could take a few business days to process.

This update may not be reflected in the Get My Payment tool at the IRS due to the focus on efforts to distribute the payments. 

These payments will be distributed to the account listed for your federal refund on your 2019 tax return.  If you did not have a refund in 2019, did not receive your 2019 refund via direct deposit, or did not file a return, the IRS does not have your direct deposit information and you should expect to either receive a check or to claim the payment on your 2020 tax return.

If you do not see a payment either in your bank account or your mailbox by January 15, 2021, you should claim your payment via the Recovery Rebate Credit on your 2020 tax return.  Please hold off filing returns until after this date to ensure that you are preparing the most accurate return possible.

If you should need to claim the credit on your tax return, you are encouraged to file early (but after January 15) to receive these funds as quickly as possible.  In TurboTax, you will enter information about the credit near the end of the interview in the Final Review section of the program. 

More information about the payments and any additional updates can be found at the following links:

• IRS Updates on the Second Stimulus
• IRS Statement about Second Economic Impact Payments
• Why Haven't I Received My Second Stimulus Check?
• TurboTax updates on the second stimulus