Summary: I reported that my stimulus check was "pending" Friday at 11PM in my checking account. This is in my credit union. My first SS is "0" and last is a high number.
I may be the same boat but I need to understand your #1 a bit more first. How do you have no info on file with the IRS? You must file, right? Are you just saying you've never set up direct deposit with them because you didn't receive a refund in 2018 or 2019?
No idea really. Someone reported earlier in the thread that they hadn't filed 2019 but did have direct deposit on 2018. They are also SS recipients. So who knows what the logic is on processing. I think also some banks handle in process ACH payments differently. Usually, our bank doesn't show in process payments online. I only see them the day they are available. So for those seeing them as pending 4/15. Perhaps some banks actually have the payment information but aren't exposing it to customers until the 15th.
That is my understanding of 1. No direct deposit info on file with IRS.
The website for our credit union is down right now so I haven't been able to check. They do show both pending deposits and payments online.
Thanks. So we are not in the same boat then as we do have direct deposit set up "if" we were to get any refunds.
Even if you don't qualify under 2018 information and you do on 2019, you should still get the stimulous. You may just have to wait until 2021 when you file your taxes to get it. I understand that it is a 2020 tax credit that is just being paid out in advance. Could be good for those that didn't qualify off of 2018 and 2019 but lost their jobs and may qualify off of 2020. Of course, one could get it paid in advance now and not actually qualify for it when they file their 2020 taxes, but those people should probably count their blessings as to the posotioin they are in with te given economy.
Thanks. I also read that about 2020 tax credit for those who qualify under 2020 but not 2018 or 2019. We should qualify under 2020 because we put a halt on my husband's IRA RMD.
My 2018 return was prepared by my (CPA) daughter. Can't imagine why she would have asked for my account info after telling me I owed money. Then again, I might have been too busy grumbling and asking why my taxes were more than the year prior, since I am widow on fixed income. Haven't yet filed 2019.
I "think" once the IRS has your bank info they have it forever? I could be mistaken. I went and looked at the paperwork I have for our 2018 filing. Included is the routing number and account number for our credit union. The accountant may include that every year even if we aren't going to get a refund.
We have used Turbo Tax since 2017 tax return and it had never asked us for our bank information since we owed money each time. IRS only captures your bank info if there is a tax refund and you opt for direct deposit option.
This was freetax. We did do a direct debit last year to save CC fees so the info was sent last year. I guess they do not keep it as they do for deposits.
