![]() ![]() ![]() While sending out more than 160 million stimulus payments in a matter of weeks is a daunting task, this wouldn't be the first issue to arise. Still, it may be that the EIP issue rests with the IRS, not TurboTax. I certainly did not do this - we are both in our 70's and no one else can claim either of us!!!!” “In 2018 my tax return had the ‘spouse could be claimed by someone else as dependent’ checked. Some TurboTax users, however, say that the box was checked in their 2018 filing, but not by them: We do not know which filing/s IRS used to determine eligibility for this small number of filers or why this checkbox would be used for EIP eligibility.” “All of these TurboTax customers correctly had this box checked for their 2018 filing. Intuit also noted that the TurboTax customers had the box at issue correctly checked for their 2018 tax returns: We expect more information will be available in the near future.” Intuit is working with the IRS to understand and resolve this issue: “We are working closely with IRS to understand why and how this would have impacted a taxpayer's eligibility to receive an economic impact payment (EIP). Why a checked box in TurboTax indicating that a spouse can be claimed as a dependent by someone else would render the taxpayer ineligible for an EIP is unclear. But the checked box at issue asks about the taxpayer's spouse. It's true that a person is ineligible for an EIP if they can be claimed by some one else as a dependent. Perhaps the bigger question is why this checked box would affect eligibility for the Economic Impact Payment (EIP). You could be eligible to receive a Recovery Rebate Credit on your 2020 taxes if you did not receive the full amount of the economic stimulus payments.Ĭopyright 2021 by WSLS 10 - All rights reserved.Why Did It Affect Stimulus Check Eligibility? If you never received the first economic impact payment, there are answers to frequently asked questions on the IRS website here. Taxpayers can use the Get My Payment tool on the IRS website to find out about the status of their payment. Some payments are also being sent via paper check or debit cards during the month of January. The IRS said that direct deposit payments would take several days to post to individual accounts but funds were largely available on Monday. Those earning more than that are eligible for a reduced payment. The payment is $600 for each eligible adult and dependent for people earning up to $75,000, or $150,000 for married couples filing jointly. The IRS and the Treasury Department began issuing the Economic Impact Payments last week. “We know how important these funds are for so many Americans and we regret that an IRS error caused a delay in you receiving your stimulus payment.” “We have been working tirelessly with the Treasury and IRS to get your stimulus payment to you,” Greg Johnson, the executive vice president and general manager for TurboTax, said in an email to customers. Some customers with H&R Block also experienced the same issue. The delay in the direct deposits came after a number of taxpayers who used TurboTax said their second relief payments were sent to the incorrect bank account. TurboTax said it expects most payments to be deposited on Friday, but banks may take a few days to process the payments. TurboTax customers who have yet to receive their second round of relief payments due to a snafu with bank account numbers should expect to start seeing their checks on Friday, the tax preparation service announced. ![]()
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