IRS partnered with TurboTax to offer a free registration portal for those who aren’t required to file taxes and don’t receive Social Security benefits to get their $1,200 stimulus money. You’re essentially filing a minimal tax return just to get your deposit info to the government. Don’t use this option if you owe taxes and plan to file a regular tax return.
Non-filers can provide their bank account details or mailing address and choose how they want to receive their stimulus check. Direct deposit to your bank is the quicker option as those are slated to go out as soon as April 9, while checks won’t be mailed until April 24. (Business Insider)
The IRS promises, “In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.” That’s a different portal from this TurboTax option. That one will work for updating deposit information; I’m unsure if it’ll work for inputing info for those who haven’t ever filed taxes. This TurboTax portal works for those who have never filed taxes.
One of the most frequently asked questions by readers was what to do for those who never filed taxes. This is relevant for many scenarios, especially young adults or students who may be independents, but don’t have much income and never filed a tax return. It’s now easy to input your bank info or mailing address.
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