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That means if you re due to receive a check but you have recently changed banks or closed an account you may need to claim your check on your 2020 tax return as a recovery rebate credit.
My stimulus check went to the wrong account what do i do. The internal revenue service sent millions of americans stimulus checks to the wrong bank accounts tax preparers say a mistake the feds are now trying to fix. Turbotax said that the irs is the sole party with the ability to determine eligibility and distribute stimulus payments and that by law the financial institution must return the payment to the. If the bank account that your stimulus payment is sent to is closed or no longer active the financial institution is required to reject the deposit and return the money to the irs.
Once the bank sends the money back and the treasury realizes its mistake it should then re issue it as a check. If you can get your timing right you may even be able to log in to the get my. Some fox19 now viewers have sent screenshots showing.
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