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March 28, 2021
Question

I updated my bank info via turbo tax portal. My stimulus was sent to the closed bank account twice. When will the stimulus be sent to the updated account?

  • March 28, 2021
  • 1 reply
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Has turbo tax sent over the updated info to the irs? Is my stimulus check being mailed or sent to the right bank account?

1 reply

March 28, 2021

Per the IRS, if your payment can’t be delivered to you for any reason (such as the stimulus payment being deposited into an account that is closed), it will be returned to the IRS.

 

Please check Get My Payment if your status states “Need More Information.” Then you can update your direct deposit information. Otherwise the IRS will mail you a check.

 

 

  • If you have an adjusted gross income (AGI) under $75,000 ($150,000 married filing jointly), you will be eligible for the full $1,400 stimulus payment.  
  • Payments will begin to be reduced for individuals making $75,000 or above in AGI ($150,000 for married filing jointly.)
  • Once your AGI reaches $80,000 for individuals ($160,000 married filing jointly) you will be ineligible for a payment.

 

"Unlike the first two payments, the third stimulus payment is not restricted to children under 17. Eligible families will get a payment based on all of their qualifying dependents claimed on their return, including older relatives like college students, adults with disabilities, parents and grandparents" (IRS).

 

Please see How will the third stimulus impact me? for more information.

 

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