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Is it coming on our turbo card
We are still waiting for IRS guidance regarding updating or providing direct deposit information for the stimulus payments and how they will be distributed to these types of accounts. We will have more information once the government finalizes the details.
In the meantime, you can visit the following links for the most recent updates:
https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments
https://turbotax.intuit.com/coronavirus/
Here is the latest statement we received:
“The IRS is sending stimulus payments to eligible taxpayers who filed a tax return in either 2019 or 2018 and chose direct deposit, and is depositing some stimulus payments onto prepaid debit cards for filers that chose to receive their refund through that method.
For the majority of prepaid debit card holders there is nothing more to do as the stimulus payment will be deposited to their account. If your customer no longer has access to their debit card, we encourage them to visit https://turbodebitcard.intuit.com”
The IRS is launching “Get My Payment” where you can track your stimulus payment as well as update banking information if your payment has not yet been issued.
It is slated to be active next week by April 17th.
We are in this together, stay safe.
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