TurboTax launched a free online portal to help people who don’t file taxes get their stimulus check faster – By Tanza Loudenback (Business Insider) / April 5 2020
- On Saturday, TurboTax debuted an online portal where low-income Americans who don’t file a tax return can send their information to the IRS to get their stimulus payment as soon as possible.
- Non-filers can provide their direct-deposit details or mailing address and choose how they want to receive their stimulus check.
- The IRS is expected to begin sending direct-deposit payments to many Americans as early as April 9.
- Paper checks will be mailed after that, beginning around April 24.
TurboTax has partnered with the IRS to help speed up the delivery of stimulus payments to people who aren’t required to file tax returns, the company announced in a press release Saturday morning.
The tax preparation company now has a “stimulus registration” webpage where low-income Americans can submit their current direct-deposit information or mailing address to receive their stimulus payment. The product is free to use and includes a stimulus payment calculator to find out exactly how much you’re getting.
“There are as many as 10 million Americans who are not required to file a tax return,” the company said in a press release. “Because the IRS will use the federal tax return to determine and send individual stimulus payments, these individuals are at risk of not receiving their stimulus payment. Users simply answer a few questions and then choose to receive their payment via direct deposit or check.”
Social Security recipients and railroad retirees who haven’t filed a tax return in the last two years will be getting stimulus payments automatically sent to the address or bank account where they currently receive their benefits. Payments for everyone else will be based on the adjusted gross income (AGI) reported on their latest tax return, either 2018 or 2019.
Continue to article: https://www.businessinsider.com/personal-finance/turbotax-online-portal-stimulus-check-direct-deposit-2020-4
