If you received your stimulus payments through TurboTax, you may be wondering if your upcoming stimulus money will also be sent to your TurboTax card. The answer is yes. The IRS will send your stimulus payment to the same bank account or prepaid debit card that was used to receive your previous stimulus payments. This includes the TurboTax card, which is a prepaid debit card issued by Green Dot Bank. If you have not yet received your stimulus payments, you can check the status of your payment on the IRS website.
TurboTax Refund
If you used TurboTax to file your taxes and received a refund, the IRS may have deposited your stimulus payment onto the same TurboTax card you used to receive your refund.
Stimulus Deposit
However, there are a few things to note about stimulus deposits on TurboTax cards:
- The IRS may not have deposited your stimulus payment onto your TurboTax card if you received your refund by direct deposit into a bank account.
- If you received your refund by mail, the IRS will mail your stimulus payment to the address on file.
- If you are not sure how you received your refund or where your stimulus payment was deposited, you can check the Get My Payment tool on the IRS website.
| Method | Deposit Timeline |
|---|---|
| TurboTax Card | Within 14 days of IRS issuing payment |
| Direct Deposit | Within 5 days of IRS issuing payment |
| Within 4 weeks of IRS issuing payment |
Eligibility Criteria for Stimulus Payments
To be eligible for the stimulus payments, you must meet all of the following criteria:
- Be a U.S. citizen or resident alien
- Have a valid Social Security number
- Not be claimed as a dependent on someone else’s tax return
- Meet the income requirements
The income requirements for the stimulus payments are as follows:
| Filing Status | Income Limit |
|---|---|
| Single | $75,000 |
| Married Filing Jointly | $150,000 |
| Married Filing Separately | $75,000 |
| Head of Household | $112,500 |
If you meet all of the eligibility criteria, you will receive a stimulus payment of up to $1,200 for single filers or $2,400 for married couples filing jointly.
Alternative Payment Methods for Stimulus Checks
While many individuals may have received their stimulus checks via direct deposit to their TurboTax card, there are also other available payment methods:
- Direct Deposit: If you provided your bank account information on your tax return or through the IRS website, you will likely receive your stimulus payment via direct deposit.
- Paper Check: If you did not provide bank account information, you will receive a paper check mailed to the address on file with the IRS.
- E-IP Card: Some individuals may receive a physical card, known as an E-IP Card, which can be used like a prepaid debit card.
- Mobile App: The IRS has a mobile app where you can track the status of your stimulus payment and receive updates.
Payment Timeline and Eligibility
The timing and eligibility for stimulus checks depend on various factors, including income, tax filing status, and whether you claimed the Recovery Rebate Credit:
| Status | Payment Amount | Eligibility |
|---|---|---|
| Single Head of Household | $1,400 | Income less than $112,500 |
| Married Filing Jointly | $2,800 | Combined income less than $150,000 |
| Single, Not Head of Household | $1,400 | Income less than $75,000 |
Where Will My Stimulus Money Be Deposited?
The American Rescue Plan Act of 2021 provides for the third round of Economic Impact Payments (EIP3) for eligible Americans. The IRS is sending these payments through direct deposit, paper check, or EIP Card, which is a prepaid debit card issued by the U.S. Department of the Treasury’s Bureau of the Fiscal Service (BFS). You may have received your previous EIPs on your TurboTax Card, but that is not guaranteed for this round of payments.
Tracking Your Payment
You can check the status of your payment using the IRS’s Get My Payment tool at https://www.irs.gov/coronavirus/get-my-payment. You will need to provide your Social Security number, date of birth, and mailing address to access your payment information.
If You Received Your Previous Stimulus on Your TurboTax Card
If you received your previous EIPs on your TurboTax Card, it is possible that your EIP3 will also be deposited there. However, the IRS has not confirmed this, and it is important to check the IRS’s Get My Payment tool to verify the status of your payment.
Contacting the IRS or TurboTax for Assistance
- IRS: 1-800-919-9835
- TurboTax: Contact TurboTax Support
If You Did Not Receive Your Stimulus on Your TurboTax Card
If you did not receive your EIP3 on your TurboTax Card and the IRS’s Get My Payment tool indicates that your payment was deposited to your TurboTax Card, you should contact TurboTax customer support for assistance.
| Payment Method | Who Will Receive This Payment Method? |
|---|---|
| Direct Deposit | People who have provided the IRS with their bank account information on their tax return or through the IRS website |
| Paper Check | People who have not provided the IRS with their bank account information or who are not eligible for direct deposit |
| EIP Card | People who do not have a bank account or who have not provided the IRS with their bank account information |
That’s all the info you need to know about whether your stimulus is going to land on your Turbotax card. Thanks for hanging out with us, and be sure to drop by again soon for more tax-related updates. Stay tuned, and we’ll keep you in the know!