Is there issues with second stimulus and Turbo Tax deposits?

Forum|Forum|5 years ago
January 5, 2021
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TurboTax Deluxe Online

DoninGA

TurboTax does not receive any type of tax refund, federal or state. TurboTax does not receive any type of Economic Impact Payment.

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.

Rljackson03

Whoever caused this delay should have to come explain to the families NEEDING this money why they thought this **bleep** was a good idea. And I can promise you, I will NOT be using TurboTax for ANYTHING else from here on out. And I am hoping the class action lawsuits being planned run this pile of [remove] company In the dirt.

DMGNYC

Today, I read a few news articles stating that people who filed with TurboTax or H&R Block, and also chose to have their filing fees deducted from their Federal returns, are experiencing issues/delays with their second stimulus payments. For me personally, this was not an issue with the first stimulus, but news sources are saying it's an issue now for the second one, and that TurboTax's fee processor is receiving consumers' stimulus payments and returning them to the IRS.

rooniekota

I had heard the same think. Has anyone spoken to a support person with Intuit?

JAlf

Same here. Still nothing. Reading everywhere people are unhappy....

https://www.marketwatch.com/story/furious-turbotax-and-h-r-block-customers-are-waiting-for-their-600-stimulus-check-and-demanding-to-know-why-theyre-delayed-[phone number removed]?siteid=yhoof2

HAPullen28

I filed via Turbo Tax for my 2019 taxes and had direct deposit for the Refund and I received the 1st refund for the Stimulus Check with no issues back in April 2020 and I've read that H&R Block and Turbo Tax are supposedly having issues.

Does that mean I'm not going to receive the 2nd check since I filed with Turbo Tax? I need it for myself & daughter nothing changed with my direct deposit information.

Help?

acorn4819

You more than likely are not going to receive your stimulus payment because TurboTax messed up and they are not fixing the issue. The same happened to HR Block customers and they have a helpline and have been helping their customers get their payment. I would suggest never using this service again and file with Hr block.

Gramykaren

I heard there is an issue with stimulus payments if you had your tax cost taken out of your refund. Is this true. I recieved the first stimulus but not the second? Karen Grover

Bwilson0089

I know some people who used turbo tax and got theirs back already. Why is it different for others ?

cmo1037

Some that used TurboTax are receiving their 2nd stimulus because they paid the TurboTax fees last year out of their bank account, and did not choose the option to have the fees paid/taken out of their refunds. So basically what TurboTax does after filing on your behalf, is creates a bank acct that your returns go into. They then take their fees out of said account, then send the remaining return to your bank.

So these 2nd stimulus money was sent to that account TurboTax created, however, those accounts were all closed by TurboTax, hence, the money was returned to sender (The IRS).

Jnyhrt26

Why is it that H&R Block was able to fix the same problem and issue payments to their customers and Turbo Tax is not?? Terrible business Turbo Tax! H&R Block is going to gain millions of new customers.

ANNABAM36

I received an email from Turbo Tax saying the IRS send the $600 stimulus to Turbo Tax and supposedly Turbo Tax is trying to resolve the issue. Well It doesn’t seem like it. H and R Block has already started taking action. I don’t see Turbo Tax doing anything. I want my money now! Turbo Tax will no longer get my business. When will this be resolved? This isn’t fair!