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Coronavirus Stimulus Payment

Forum|Forum|6 years ago
March 28, 2020
6 replies
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The news reports say that payments will be made via direct deposit. I usually have TurboTax subtract my fee from my federal tax refund. I believe this is processed by Santa Barbara Tax Products Group. I believe my refund comes from SBTPG rather than directly from the IRS. So I am not sure the IRS has my direct deposit information on file. Will I sill be able to get my stimulus payment through direct deposit?

TurboTax PLUS Online

Best answer by ColeenD3

Yes. any intermediary bank merely temporarily hold the money to deduct fees. The balance is forwarded to your bank account.

ColeenD3Answer

Yes. any intermediary bank merely temporarily hold the money to deduct fees. The balance is forwarded to your bank account.

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oldhamwe1

Can it be confirmed that SBTPG left their temp routing account open after processing the actual refund? If it isn't still open what happens?

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DianeC958

If you had your refund directly deposited to your bank account, your stimulus payment will be routed to your bank account.

What do I need to know about the coronavirus stimulus package?

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LeonardS

Until the details have been worked out and provided to TurboTax. TurboTax can not provide an answer to your question regarding Santa Barbara Tax Products Group. This link CARES Act Update Coronavirus Stimulus Payment Information has information directly from Santa Barbara Tax Products Group that you may find helpful.

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Critter

Employee

FYI ALL .... THERE IS NO INSTRUCTIONS YET ... EVEN MY PROFESSIONAL PROGRAM HAS NOTHING YET ... PATIENCE WILL BE NEEDED.

THE STIMULUS CHECKS WILL NOT START GOING OUT FOR 3 WEEKS OR MORE AND THEY WILL NOT ALL GO OUT ON DAY ONE ... IT TOOK MONTHS TO GET THEM OUT LAST TIME.

WORD TO THE WISE ... DON'T EXPECT THE MONEY ON ANY CERTAIN DATE AND YOU WILL NOT BE DISAPPOINTED.

bige2443

If you look at your 1040 even if you had turbotax deduct your fees it should have your banks direct deposit information on it. So the people that had fees deducted should be just fine.

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Kalibsdaddy2

My name is Chris Hummel and I need help with finding out if I'm going to get the stimulus package I did the thing on the IRS for the stimulus package then it took me 2 TurboTax to do my federal taxes I don't know what I did wrong or if I didn't do it wrong well I still qualify for the stimulus can somebody email me at [email address removed] please and thank you

DaveF1006

if yo filed a 2018 or 2019 return, you will receive a stimulus check if you qualify. Please visit the IRS Coronavirus website for more details.

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K

Kalibsdaddy2

I did not file taxes 2018 an 2019 but I had done something through TurboTax that allowed me to have something in the IRS file 2 receive the stimulus package

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BillW55

What handling fees will be deducted from our Coronavirus Stimulus payments?

CatinaT1

Good question. I haven't seen this addressed either way.

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L

Lildeeski

Never got none of mines

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MayaD

If you didn’t receive a third Economic Impact Payment (stimulus) or got less than the full amount, you may be eligible to claim a Recovery Rebate Credit on your 2021 federal tax return.

In TurboTax,The Recovery Rebate Credit will be found in the Federal Review section.

To claim the Credit:

1. Enter all your federal return information as you would normally

2. During the Federal Review, we’ll check if you meet the requirements for the stimulus payment

3. If you meet the requirements, you'll see the Did you get a third stimulus? screen

4. Answer a few questions about any payments you've already received and then we'll let you know if the Recovery Rebate Credit applies

Missing first and second payments may only be claimed on a 2020 tax return.

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