Where is my $600 stimulus money?

Forum|Forum|5 years ago
January 5, 2021
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TurboTax Self Employed Online

Employee

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/or you did not receive the first stimulus payment in 2020 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.

D

debskainAuthor

Employee

Really? It's being reported on all social media that the IRS sent $600 payments to Turbo and HR block, to the account numbers that were used to secure our refund payment amounts.

Can you comment on that?

DoninGA

Employee

@debskain wrote:

Really? It's being reported on all social media that the IRS sent $600 payments to Turbo and HR block, to the account numbers that were used to secure our refund payment amounts.

Can you comment on that?

If you requested to have the TurboTax account fees deducted from your federal tax refund, the IRS will send the refund to a third party processor to have the fees and the service charge deducted. The third party processor will deduct the TurboTax fees plus the service charge and then attempt to direct deposit the remaining refund balance into the account that you entered on your tax return.

See this Santa Barbara Tax Products Group (third party processor) website for stimulus information - https://www.sbtpg.com/coronavirus-stimulus-payment-info/