BEWARE Of How You File For Your Stimulus

A number of taxpayers say their second relief payments were sent to the incorrect bank account.

The IRS and the Treasury Department began issuing the Economic Impact Payments of $600 for each eligible adult and dependent. The IRS said that direct deposit payments would take several days to post but some payments are also being sent via paper check or debit cards.

Many people said that they checked the IRS site and found their payments were sent to an account they did not recognize. Those that used TurboTax, and paid their tax preparation fees with their refund, rather than paying for it upfront, had the second payment sent to a TurboTax bank.

There is no exact measure of how many taxpayers were impacted. TurboTax said that the IRS is the “sole party with the ability to determine eligibility and distribute stimulus payments" and H&R Block said that it “understands stimulus checks are vitally important for millions of Americans" and said if the IRS Get My Payment website displays an account number a customer doesn't recognize, then its customer service agents are ready to help by phone or online.

The IRS advises people who are eligible for the payments but haven't received them to file their 2020 tax return electronically and claim the Recovery Rebate Credit on their tax return to get their payment.

Photos by Getty Images

Sponsored Content

Sponsored Content