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What kind of help is this for anyone? It’s infuriating. IRS has already said processing tax returns will be even slower this year especially for those claiming this credit since they will have to double check you did not already receive your payment. This is complete bs!! This money was meant to be emergency relief for people. It seems like those of us who have not gotten it yet are going to be directed to file on tax return. For this, it only gives me credit for myself (not husband) and half our child credit.
#Turbotax stimulus issues full
We received the full amount on the first stimulus and it is listed on my transcript. Same here, except one caveat our refund amount on the transcript is half of what it should be. The IRS advises people that if they don’t receive their Economic Impact Payment, they should file their 2020 tax return electronically and claim the Recovery Rebate Credit on their tax return to get their payment and any refund as quickly as possible.
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If Get My Payment shows “Payment Status #2 – Not Available” you will not receive a second EIP. By law, the financial institution must return the payment to the IRS they cannot hold and issue the payment to an individual when the account is no longer active. If GMP shows “Payment Status #2 – Not Available,” then you will not receive a second Economic Impact Payment and instead you need to claim the Recovery Rebate Credit on your 2020 Tax Return.īecause of the speed at which the law required the IRS to issue the second round of Economic Impact Payments, some payments may have been sent to an account that may be closed or, is or no longer active, or unfamiliar. Watch your mail carefully for a check or debit card. If GMP reflects a date your payment was mailed, it may take up to 3 – 4 weeks for you to receive the payment. If GMP reflects a direct deposit date and partial account information, then your payment is deposited there. If you checked GMP on or after January 5 then: IRS updated Get My Payment (GMP) for individuals who are receiving the second Economic Impact Payment on January 5, 2021. Will I get a second Economic Impact Payment? Intuit TurboTax 5m (6) The IRS announced yesterday that due to the speed at which they issued this second round of payments, they sent some payments to an account that may be closed or no longer active. Intuit TurboTax 5m (5) As part of the Tax Filing process, TurboTax sends the appropriate banking information to the IRS to deliver stimulus payments directly to customer bank accounts. Intuit TurboTax 5m (4) If you are a Turbo card customer and your stimulus was sent to your card, you can follow the steps here to get a replacement card if needed. Intuit TurboTax 6m (3) The IRS is directing people looking for stimulus information, including eligibility, payment timing & distribution details, to for the most up to date information. We do not have direct information about your stimulus payment. Intuit TurboTax 6m (2) Stimulus payments are determined & issued by the IRS, not by TurboTax. Intuit TurboTax (1) Hello! We understand that everyone is anxious to get their stimulus payments and appreciate your patience as we try to respond to everyone as quickly as possible.
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But I definitely feel like they will be losing a lot of business this tax season for the unprofessional way that they approached this. They aren’t handling this like H&R Block so who knows what’s going to happen.