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January 5, 2021
Question

Am I one of the people who will not have the stimulus direct deposited? Can you please tell me what I can expect?

  • January 5, 2021
  • 2 replies
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2 replies

DoninGA
Employee
January 5, 2021

TurboTax has no information whatsoever concerning your stimulus payment.  Only the IRS controls when and if a stimulus payment is distributed.

 

The stimulus payment will go to the account you entered for direct deposit on the 2019 tax return.  The direct deposit information cannot be changed.  If the account is closed the IRS will send the payment by mail or on a debit card.

 

Go to this IRS website for stimulus information - https://www.irs.gov/newsroom/treasury-and-irs-begin-delivering-second-round-of-economic-impact-payme...

 

Go to this IRS website to check the status of your payment - https://www.irs.gov/coronavirus/get-my-payment

 

If you do not receive the second stimulus payment on or before January 15, 2021 and you are eligible it will be entered on your federal tax return, Form 1040 on Line 30.

The Form 1040 has not been finalized and needs to updated to include the 2nd Economic Impact Payment.

AmyC
Employee
January 7, 2021

Here are the options since TurboTax does not handle money:

 

1. You paid for your return before filing or

2. Did you have the fees taken from your refund or get the Green Dot debit card?

 

If #1, the stimulus check will go to your bank account/ home address directly from the IRS - the same as your federal refund.

 

If #2, the stimulus check will go to SBTPG/Green Dot and then be routed to you. My understanding is an additional 1-2 days. Anybody that chose to pay their TurboTax fee out of their refund opted to have SBTPG as an intermediary.   Go to this Santa Barbara Tax Products Group website for stimulus information.

 

If you need your card replaced, you may contact Green Dot at 888-285-4169.

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