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January 25, 2021
Question

Our stimulus money was sent to the right account

  • January 25, 2021
  • 1 reply
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IRS sent our stimulus checks to our bank, bank said they tagged it as savings and they had to send it back to IRS.  But the last 4 #s were correct according to IRS WEBSITE get my payment.  So where's

1 reply

January 26, 2021

Depends, If your stimulus payment was sent back to the IRS, you will probably be getting a check from the IRS in the mail to the address they have on record.  If you do not get the check within the next couple of weeks, there are screens in TurboTax just before you start your state return that will ask you questions regarding the amounts you received for each stimulus payment.  Entering zero for the second stimulus will generate an additional tax credit on your 2020 tax return increasing your refund by the amount of the second stimulus payment.  

 

Here is more helpful information on the second stimulus payment.

 

Information from the IRS.gov website regarding your payment.

 

 

If there is a 3rd stimulus, you will want to get the information straightened out with your bank or get your 2020 tax return filed with the correct banking information prior to the 3rd stimulus going out.