Fees apply. Several states have issued tax refunds that are, essentially, an extension of stimulus funds. If youre in need of assistance, call us by the Tuesday prior to your debit date at 1-888-808-1723 to speak with a trained specialist and mention auto-debit, or visit TurboTax Support. Here are the reasons you are required to file a tax return for tax year 2020: Taxpayers who earn income more than the IRS income filing threshold ($12,400 single, $18,650 Head of Household, $24,800 married filing jointly). If this is what Turbo-tax is doing now. Capital changed our account to 360 with a new routing number fall of 2020. Did you have the TT fees withheld from the federal refund and then the balance sent to your bank account or debit card? We ha read more The Recovery Rebate Credit, as explained in an IRS news release April 5 (opens in new tab), is a tax credit related to the first ($1,200) and second ($600) stimulus checks. For another stimulus check to arrive in 2023, Congress would have to pass a law authorizing more stimulus funds. They then contact people pretending to be from a collection agency or the IRS claiming the refund was deposited in error and demanding the money be returned. i filed on 2/8 & refund approved on 2/11 stating will deposit in 7-10 days. April 15, the paper checks will be in the mail starting May 16, with the initial mailings completed by around July 11. Called customer service asked what the problem was. Told agent will call the irs. Mark Return Electronic. I just noticed you're posting in 2 different threads on the same subject. Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return. Since you had your fees paid from your federal refund, you can contact the intermediary bank that handles the refund processing service for their status: For the status of your tax refund you will need to contact the third party processor, Santa Barbara Tax Product Group, using their website - https://help.sbtpg.com/hc/en How to amend (change or correct) a return you' How do I fix e-file reject IND-031-04 or IND-0 Premier investment & rental property taxes. CAPITOL WILL WE STILL GET OUR $? Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement. My refund after filing fees were taken was direct deposited into my savings account, Thank you@LeonardS The website I got my refund is telling everyone that if you used TurboTax and had fees taken from refund you have to wait for a paper check. According to the Santa Barbara TPGCARES Act Update website: AnIRS-issued check will be mailed to taxpayers that received a check printed from their tax professional's office or a debit card issued through Santa Barbara TPG. These deposits will be processed to your RBFCU account in the same way that a tax return deposit is posted, as the funds are received. No one on this site or at TurboTax has any knowledge of your refund. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. I used TurboTax and fees were removed from my refund through Santa Barbra TPG. 2) Also, here's a hot tip: one of the best ways to increase your refund is to contribute to your retirement account. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Most people got $300which is nowhere close to the three big stimulus checks people got during the pandemic. If you filed electronically and received an acknowledgement, you do not need to take any further action other than promptly responding to any requests for information. 1 This product provided by Santa Barbara Tax Products Group, LLC enables certain deductions from the account to be processed. Check this IRS "Where's My Refund" tool to see if your Federal refund has been released and sent. So we WILL get a direct deposit of the stimulus check even if we had fees taken from our federal refund? Check at Turbo Tax Visa : . When you choose to have your TurboTax fees deducted from your federal refund you agree to have that done by the third party bank. Easy access to tax help and information. An offset shouldn't delay it,unless your entire refund was applied to your debt. Routing #:274972605 Phone #: 765.644.3623, IRS warning on new tax refund scam with direct deposit refunds, Frequently Asked Questions about Splitting Federal Income Tax Refunds. CapitalOne bank should send customers a deposit notice as they do for withdrawals. Does this IRS "Where's My Refund" tool say your funds have actually been sent?http://www.irs.gov/Refunds. but nothing? Refund Calculator. So, how did Americans spend past funds? By March 2021, Americans received another $1,400 in stimulus payments. These offers do not represent all deposit accounts available. endstream endobj 188 0 obj <>/Size 167/Type/XRef>>stream Do not confuse tax products pe1 with tax products pe3. My refund is hundreds (maybe thousands depending if state return was included in refund). 2023 GOBankingRates. Mobile App. What you mean someone change your account number it went in somebody else check account you you think it was a hacker. Received and Processed by April 15 . According tothis message on the IRS websitethe IRS will notify taxpayers when more details are available. Your taxes may look different when you file in 2023 versus 2022, with a lower Child Tax Credit and slightly different tax brackets. Those who reside abroad will have longer wait times for checks as disruptions to air travel and mail delivery in some countries will slow delivery. Most people who have an adjusted gross income for 2019 of up to $75,000 for individuals and up to $150,000 for married couples filing joint returns and surviving spouses, will receive the full amount of the second payment. I just want to know if i am going to get the rest of the money owed to me. You can direct your refund to either a checking or savings account; you cannot opt for a direct deposit into a loan account. 0000002090 00000 n Although many Americans are struggling with inflation (and SNAP emergency benefits also ended in February), increasing spending power would likely not reduce inflation. MBA, Enrolled Agent. Be sure you enter the correct SSN and filing status. Just wanted to make sure I didnt have to update my deposit information with the irs. This is atrocious that TurboTax failed to mention this entity. If so the refund needs to go from the IRS to the third party bank to your bank account. The check limit at Walmart in Connecticut is $6,000 and Florida is $1,999.99 per person per day. Whenever there's a hot new trend involving money, you can be sure that scams are soon to follow. Financial Insight in Your Inbox: Sign Up for GBR's Daily Newsletter, Maximize your savings with these 3 expert tips. An official website of the United States Government. WASHINGTON The Internal Revenue Service today urged people to visit IRS.gov for the most current information on the second round of Economic Impact Payments rather than calling the agency or their financial institutions or tax software providers. Not everyone who received payments in Rounds 1 and 2 will get one in Round 3. Whatever that means. We'll help you get started or pick up where you left off. They got theres early. Now the IRS is telling me that I am not able to receive a refund and have to file a special form when I do my taxes in order to get the stimulus. So if you have the tax products pe1 reflecting on your bank account, you can get in here to find out what it means. The IRS is asking taxpayers who receive unexpected tax refunds via direct deposit to contact the ACH department of the credit union where the direct deposit was received and have the credit union return the refund to the IRS. Up for GBR 's Daily Newsletter, Maximize your savings with these 3 expert tips using... Or debit card as they do for withdrawals and i have seen that it has been and... Refund and then the balance sent to your bank account or debit card authorizing more funds. Rest of the stimulus check even if we had fees taken from our federal refund been. The balance sent to your debt account number it went in somebody else account. 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