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 desktop (you bought it at BestBuy or Wal Mart …
Comment by Bob Meighan: … the IRS determines your rebate amount based on the …
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 …
Comment by faithe heitzman: … the people on ssi will not receive a stimulus check. …
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 …
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 answer …
Comment by Julie: … normally come three days after the letter on your …
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. …
Comment by Chris: Bilked, If you're close to an IRS office you …
Jun
26
When Will I Get My Stimulus Check?
June 26, 2008 | 36 Comments
The IRS is sending checks to taxpayers through the Economic Stimulus Package. The IRS sent the first wave of payments via direct deposit. Now the IRS is sending out stimulus checks via mail to those who didn't qualify for the direct deposit. Now some people are asking, " where is my stimulus check? " I'll help you find out.
Check the Payment Schedule
Your stimulus check will be mailed based on the payment schedule …
Comment by Chris: Dee, If you owe the IRS money, they'll take …
May
13
TurboTax VP Answering Your Stimulus Payment Questions
May 13, 2008 | 22 Comments
… 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 bank, Like Santa Barbara Bank And Trust (SBBT) to handle the processing. Essentially, SBBT gets the payment from the IRS and puts your money in your account, minus the fees. That's the basics anyway, the details may vary.
It turns out that when any third party banking product …
Comment by Ronald Bilski: … with SBBT, they will not get any checks issued to them …
May
3
IRS Economic Stimulus Payment Article Index
May 3, 2008 | 9 Comments
… However, they are still the best way we have to estimate when and how much our payment will be.
Previously Written Articles on the Stimulus Payment
The Beginning : Your Economic Stimulus Payment
This is the first article in the series. Start here.
The Details : IRS Economic Stimulus Payment Details
An in depth article about the stimulus payment. This article should answer a lot of question about the payment, when you should get your stimulus payment and how you …
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 Payments
If the last …
Comment by Chris: … If there's no information there you may …
Apr
17
IRS Stimulus Payment - Questions and Answers
April 17, 2008 | 411 Comments
… payment. Here are a few of the most frequently asked questions with answers. As always, if you have a question, make sure you ask it in the comments section following the article.
Can I Change my Direct Deposit Information?
The IRS says that you can only change your direct deposit information before the week of April 13th. That means if you are reading this it’s already too late.
What will happen to my Stimulus Payment if my bank account is closed?
If your checking or …
Comment by Jesse Davis: … looks as though I will get the payment. The IRS made a …