Apr
30
TurboTax Direct Deposit Stimulus Payment Questions
April 30, 2008 | 278 Comments
Due to the large number of questions regarding direct deposit tax refunds, the economic stimulus payment and TurboTax, I've written another article dedicated to TurboTax questions.
What is TurboTax?
Many people file their taxes with TurboTax. I've always used TaxCut by H&R Block but I'm sure the services are very similar. TurboTax is software that you can use either on your …
Comment by Bob Meighan: … like you need to follow up with the IRS to figure out …
Apr
14
IRS Stimulus Payment: Direct Deposit Questions
April 14, 2008 | 214 Comments
You have to fill out the direct deposit section on the tax return to get the stimulus payment directly deposited.
Q. Can I have my Stimulus Payment direct deposited?
A. Stimulus Payments will be direct deposited for taxpayers who select that option when filing their 2007 tax returns. Taxpayers who already filed and requested direct deposit won't need to do anything else to receive the Stimulus …
Comment by faithe heitzman: … will not receive a stimulus check. Anyone on ssa or ssd …
Apr
11
Today is Last Day to Change Stimulus Payment Direct Deposit
April 11, 2008 | 11 Comments
If you need to change your direct deposit option the IRS says today is the last day to do it.
You can contact the IRS before the week of April 13th. That means you have rest of today to get it done.
Q. Is there something I can do to prevent my Stimulus Payment from being automatically deposited into the account that I identified for the Direct Deposit of my regular refund?
A. Generally, if you …
May
29
Where Is My Stimulus Payment?
May 29, 2008 | 105 Comments
Waiting for your Economic Stimulus Payment ? You're not alone. Thousands of comments on this site and others indicate many people are waiting for their stimulus payment. So where are the checks?
Double Check Your Facts
You may be confused by the stimulus payment schedule. Who can blame you, it is confusing. However, you need to make sure you have your facts straight before contacting the IRS.
I've made a …
Comment by billy: i should have gooton my check may 16 and now its aug 13 …
May
13
TurboTax VP Answering Your Stimulus Payment Questions
May 13, 2008 | 22 Comments
… questions, especially on a web site they don't manage. That's why I was a little surprised to see comments on this site from Bob Meighan, a Vice President at Intuit, the company that makes TurboTax. TurboTax has taken a lot of heat from people upset over the confusion surrounding the stimulus payment and TurboTax.
What's the Issue?
Apparently TurboTax allows you to pay your filing fee using your anticipated tax refund. To facilitate this, TurboTax uses a third party …
Comment by Ronald Bilski: … any checks issued to them from the IRS. They go directly …
May
5
I've received several questions about the possibility of a second economic stimulus package. Many people want to know if it's true or just a rumor. Here's what we know right now.
The "First" Economic Stimulus Package
The Economic Stimulus Package was passed by Congress in early 2008. Among other things, it mandates direct cash payments to US citizens who've met a certain level of income and have paid taxes for the 2007 tax year.
In May of 2008 the IRS …
Comment by julie: … about the second stimulus package and it does not …
May
3
IRS Economic Stimulus Payment Article Index
May 3, 2008 | 9 Comments
There is a lot of confusion and no shortage of questions about the IRS economic stimulus payment. I'm try to keep up with the questions but it's become a full time job. This article is an index of the important links related to the stimulus payment.
Too Many Questions
At first I tried to answer every question. However, due to the sheer number of stimulus payment questions, this became a full time job. I simply can't answer every question from readers. Instead, I've …
May
2
IRS Where’s My Stimulus Payment Web Page Broken?
May 2, 2008 | 525 Comments
The IRS recently launched it's Where's My Stimulus Payment page. I was thankful because I'm wearing out my keyboard answering questions from readers. However, several readers have commented that it appears to be broken.
Does Where's My Stimulus Payment Work?
I've received several questions from readers, asking if the stimulus payment tracker actually works. Remember, you can't track your payment until the time you're …
Comment by Chris: Charles L Stoddard, You can always try going to …
May
1
How do you define fiasco ? One definition might be the Economic Stimulus Payment from the IRS and the H&R Block Emerald Card. Those taxpayers who've filed with H&R Block and opted to get their tax refund through the H&R Block Emerald Cards are scratching their heads. Will they get their stimulus check in the mail or by direct deposit to the card.
So which is it? The …
Comment by Julie: … know if you get it today. Thank you, Julie
Apr
28
Bush Announces Faster Payment Schedule for Stimulus Payments
April 28, 2008 | 347 Comments
President Bush announced that stimulus payments will be issued faster than previously announced. Tax filers who chose direct deposit can start receiving their payments as soon as April 28th.
I've updated the payment table from my original article on the stimulus payments below. You'll notice that the last payment coincides with the Independence Day holiday, a coincidence I'm sure.
Direct Deposit …
Comment by Chris: … The first place to check is the "Where's My Stimulus …