![]() On Friday, TurboTax said the latest payments would be deposited into the same bank account that customers received their 2019 tax refund. Those waiting for their stimulus money are frustrated with the mistake as many say they had no problem getting their first stimulus payment in their account, so they don't understand why the second payment went to an account not associated with them. ![]() 'Payment Status Not Available': IRS says some won't receive second stimulus check automatically We have also re-confirmed with the IRS that they have all of the correct banking information for our customers." As a result, our expectation now is that within days the error will be corrected and stimulus payments will begin being deposited into the correct bank accounts. We have been working tirelessly on a solution with the Treasury and the IRS. Unfortunately, because of an IRS error, millions of payments were sent to the wrong accounts and some may not have received their stimulus payment. ![]() The tax preparation company said earlier this week in part: "The IRS recently began issuing a second round of stimulus payments to those eligible. Many H&R Block customers were impacted and now TurboTax is addressing the issue with its customers. The IRS previously admitted to depositing millions of dollars in stimulus payments not attached to the actual consumer. TurboTax announced Friday that stimulus payments will begin to be deposited Friday for millions of customers affected by an IRS error that sent the payments to the wrong accounts. You can be confident that TurboTax is here to keep you informed and help you file now up until the federal tax deadline.While the IRS is sending out the second round of stimulus payments, some are reporting problems with the money being deposited into a bank account they don't recognize. Learn more about the coronavirus stimulus package and what it means for you here. ![]() Stimulus checks - up to $1,200 for individuals, $2,400 for joint taxpayers and an additional $500 for each qualifying child under 17 - will be based on information from your most recent tax filings, either 2019 or 2018 if you have not yet filed this season.įor those that aren’t required to file a tax return, TurboTax launched a Stimulus Registration Product to help you submit all the necessary information to the IRS so that you can quickly and easily get your money. If you’re wondering how much money you may qualify for under this relief package, TurboTax can help - just fill out the simple fields in our free stimulus calculator here to see your estimated amount. For information on the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, the second coronavirus relief package signed into law on December 27, 2020, please visit the “ New Coronavirus Relief Package: What Does it Mean for You and a Second Stimulus Check” blog postĪs part of the Coronavirus Aid, Relief and Economic Security Act (CARES) Act - a $2 trillion stimulus package that provides financial relief to individuals, families, and businesses - an advanced tax rebate, or stimulus check, will be provided to 80% of taxpayers, according to the IRS. This content is for the first coronavirus relief package, The Coronavirus Aid, Relief and Economic Security Act (The CARES Act), which was signed into law in March 2020. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |