If you have outdated banking information on file with the IRS, or if a clerical error caused your last stimulus payment to be deposited to the wrong account, you could be facing a delay due to the money being deposited into the wrong account. Same goes if you recently switched bank accounts.

How do you get a stimulus direct deposit?

Direct deposit is easy to use. Just select it as your refund method through your tax software and type in the account number and routing number. Or, tell your tax preparer you want direct deposit. You can even use direct deposit if you are one of the few people still filing by paper.

Where did the stimulus check end up in my account?

“All of us have different accounts so we don’t understand why our money would end up in the company’s account,” said Monica Orr, a DeKalb County taxpayer who filed her federal taxes through ATC Income Tax. Some residents are claiming their stimulus check was sent to their tax preparer instead of their account.

Why was the Stimulus money sent back to the IRS?

“Our bank partner received 300,000 plus stimulus payments today, when — by law– they’re not supposed to handle any funds outside of a tax refund,” Oden said. Oden says the company sent the money back to the IRS because it was never supposed to get the funds in the first place.

Can a third stimulus payment be used for the recovery rebate?

If you didn’t get the full amount of the first or second Economic Impact Payments, you may be eligible to claim the 2020 Recovery Rebate Credit and must file a 2020 tax return even if you don’t normally file. The third Economic Impact Payment will not be used to calculate the 2020 Recovery Rebate Credit.

Where did the money go for the stimulus?

Those accounts were set up to allow taxpayers to receive refunds, but were not intended for the stimulus payments. “All of us have different accounts so we don’t understand why our money would end up in the company’s account,” said Monica Orr, a DeKalb County taxpayer who filed her federal taxes through ATC Income Tax.