The second stimulus relief payment is on the way for TurboTax customers who hadn’t yet received the money, TurboTax said in a statement released early Friday.
“We are happy to share that stimulus payments will begin to be deposited on January 8th for millions of our customers affected by the IRS error. We expect most of these payments to be available that day, but banks could take a few business days to process. Payment will be deposited into the same bank account that customers received their 2019 tax refund,” said the company in a statement online.
Customers receiving a stimulus payment will receive an email from TurboTax informing them of the deposit.
“We have been working tirelessly with the Treasury and IRS to get stimulus payments to our customers. We know how important these funds are for so many Americans and we regret that an IRS error caused a delay.”
The Internal Revenue Service (IRS) began issuing Economic Impact Payments last week. The payment is $600 for those eligible adults and dependents for people earning up to $75,000, or $150,000 for married couples filing jointly. Those earning more than that are eligible for a reduced payment.
Taxpayers can use the Get My Payment tool on the IRS website to find out about the status of their payment.
For more information, click here