Stimulus direct deposit, checks and EIP cards.

[msanniee]

My check hit my Fidelity account.

 

[CardsFan]

Nothing yet.

But a piece of good news to us: I went back and checked my 2018 return (have not yet filed 2019), and we actually did have a small refund direct deposited. I thought we had not. So, they should have the bank info. Let's see if it comes tomorrow.

 

[meleana]

Nothing yet.

 

[cbo111]

So, DM filed electronically for 2018, but mailed her return in this year. Do you suppose the IRS will remember her bank account info from 2018?

 

[SecondCor521]

So, DM filed electronically for 2018, but mailed her return in this year. Do you suppose the IRS will remember her bank account info from 2018?

Yes, I do.

 

[Fufina]

This link is to the IRS.gov site . The IRS site says mid-April one can use "Get My Payment" application to check on when payment will be received.
https://www.irs.gov/coronavirus/economic-impact-payments

 

[gayl]

My dtr, her significant other, and I had it in our USAA accounts this morning. My sister, son, and grandson did not. We all had our bank info on our tax bills. (My son filed 2018 / 2019 due in July)

 

[W2R]

Nothing yet.

 

[Mulligan]

I plan to spend it on wine, women, and song. Unless my wife has a better idea.

Sounds like you got a good plan, Walt...I am still figuring out what I am going to spend on my $0.00 stimulus check I will be receiving apparently any time now.

 

[audreyh1]

FWIW, the bad guys don't care if you owe or not. They submit a totally fake return (with your stolen name and SSN) that claims a refund, doesn't matter if you actually owe or not.

Here's an old article: https://www.tomsguide.com/us/avoid-tax-return-identity-theft,news-18648.html

Right. I make sure I owe a little so I’m not waiting forever for a refund if someone does manage to fraudulently file on our SS numbers. I’ll still have to deal with the mess, but at least I won’t be waiting on a refund. I don’t like loaning out extra tax money anyway.

 

[USGrant1962]

Right. I make sure I owe a little so I’m not waiting forever for a refund if someone does manage to fraudulently file on our SS numbers. I’ll still have to deal with the mess, but at least I won’t be waiting on a refund. I don’t like loaning out extra tax money anyway.

Yes, that's a good strategy - perhaps that explains why I owe so much!

 

[Smitty700]

Some chatter going on about stimulus checks reducing next years tax refund, any truth to that

No truth to it. The stimulus payments are structured as a special refundable tax credit for the 2020 tax year.

Because of this, if someone fails to receive a payment (2018 or 2019 income to high, for example) but his or her 2020 income qualifies, then the tax credit will kick in when they file 2020 taxes, and they'll get the money then.

On the other hand, if someone got a payment in 2020 based on 2018 or 2019 income but the 2020 income turns out to be over the limit, the law says that the payment does not have to be paid back at tax time.

More here: https://money.com/stimulus-check-advance-tax-refund/

 

[skipro33]

I owed in 2018 and paid electronically that came out of my checking account. In 2019 I had a refund of one dollar and applied it to next year's taxes. Am I hearing right that the government won't auto deposit back to that same checking account? And if not, will I get a paper check mailed instead?

 

[Sunset]

The last two years I have owed a bit as a way of discouraging bad guys from faking my return. But that means I will have to wait for the check later this year. There is talk of the IRS making an online site where people like me can give them my bank routing information. We'll see what happens.

Owing money does nothing to stop bad guys, they simply claim extra children and an extra tax payment of $25,000 and get a big fat refund.
The IRS is more concerned about getting the $$$ out fast, rather than carefully matching your income, taxes paid, and deductions.

 

[cathy63]

I owed in 2018 and paid electronically that came out of my checking account. In 2019 I had a refund of one dollar and applied it to next year's taxes. Am I hearing right that the government won't auto deposit back to that same checking account? And if not, will I get a paper check mailed instead?

Yes, you will get a paper check unless you go to the website that was mentioned earlier in this thread once it opens and provide your bank account information there.

 

[Pellice]

Stimulus check in bank account this early am.

 

[Corporateburnout]

I paid my 2018 and 2019 taxes with a debit from my bank account. The same account that I've been using to pay my quarterly estimated taxes but the IRS website says they don't have my banking information to issue my check, Hmmm...

 

[wyecrabber1]

Stimulus check in account this morning.

 

[RxMan]

Our $2400 stimulus payment arrived in the same bank account that we received our tax refund this morning. Kind of ironic that it arrived on April 15th. We had already filed our 2019 return via TurboTax a few weeks prior to this stimulus package being proposed and we were owed a refund so the IRS already had our direct deposit information.

Now there will be a discussion with the wife regarding what to do with this money. Probably going to be sent to savings but at least some of it will go to the food bank and local businesses. I like the idea of doing take out orders from local restaurants but we already have lots of food in the house. I have to admit this arrived sooner than I expected when I first heard about the stimulus package.

 

[audreyh1]

I paid my 2018 and 2019 taxes with a debit from my bank account. The same account that I've been using to pay my quarterly estimated taxes but the IRS website says they don't have my banking information to issue my check, Hmmm...

I suppose they still need your permission to make a deposit rather than a withdrawal.

 

[audreyh1]

Owing money does nothing to stop bad guys, they simply claim extra children and an extra tax payment of $25,000 and get a big fat refund.
The IRS is more concerned about getting the $$$ out fast, rather than carefully matching your income, taxes paid, and deductions.

The IRS had been required to get refund $$$ out very fast. They have put considerably more checks in the system compared to years ago.

 

[CardsFan]

Got ours over night.

 

[Dtail]

Just got mine today even though still did not get my refund yet.
I guess coz my DGF owed monies, she won't receive hers for awhile despite having a direct payment set up.

 

[Golden sunsets]

I had not expected that my DM would be entitled to a stimulus payment as she passed away on 2-8, but my accountant has told me her estate will be entitled to a check. I'm not sure when or how the payment will arrive, probably a check much later.

 

[foxfirev5]

The Get my payment link is now available for those of us who never get refunds and have no bank info on file.