Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
L
laqui0423
August 6, 2020
Question

What if i receive my stimulus and my account balance is in the negatives?

  • August 6, 2020
  • 1 reply
  • 0 views
No text available

1 reply

X
xmasbaby0
Employee
August 6, 2020

That is a question to ask your bank.  Most likely some of the stimulus would be used by the bank to cover the amount that you are overdrawn by.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    Critter-3
    Critter-3
    August 6, 2020

    The stimulus deposit is no different than any other bank deposit ... if you are overdrawn then part of the deposit is used to make the account flush.  

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification