We’ve been working around the clock to ensure Americans have the ability to get their maximum refund and their stimulus payment, including providing for those that do not need to file a tax return, to have a seamless experience to get their stimulus money as quickly as possible.” “Our goal is always to help people get the money they deserve at tax time. “We know people are struggling financially, and every dollar matters right now so if you haven’t filed your 2019 tax return yet, you’re missing out on the fastest way to receive both a refund and a stimulus payment,” said Greg Johnson, executive vice president and general manager of Intuit’s TurboTax business. The IRS strongly recommends selecting direct deposit, so that taxpayers can get their stimulus payment as quickly as possible. Users simply answer a few questions and then choose to receive their payment via direct deposit or check. The TurboTax Stimulus Registration product was designed to help millions easily file a minimum tax return with the IRS, which has the information needed to determine their stimulus eligibility. In partnership with the IRS, TurboTax volunteered to create an innovative solution to help this group easily get their stimulus payment. Because the IRS will use the federal tax return to determine eligibility and send individual stimulus payments, these individuals are at risk of not receiving their stimulus payment. There are as many as 10 million Americans who are not required to file a tax return. This will ensure that the IRS has the most current tax filing and direct deposit information, which they will use to determine individual stimulus check amounts. They can easily find out how much they can expect to receive through the TurboTax Stimulus check calculator.įor those tax filers, who have not yet filed a 2019 tax return, TurboTax recommends that they file their 2019 tax return now to get their tax refund and stimulus check quickly. For the tens of millions of taxpayers, who have already filed a 2019 tax return or are Social Security Recipients, there is no action needed. (Nasdaq: INTU), today launched a free, Stimulus Registration product designed to help millions of Americans who are not required to file a tax return easily register with the IRS to get their stimulus money.Īccording to the IRS, 80% of Americans are eligible to receive a stimulus payment. TurboTax, the nation’s leading online tax preparation service from Intuit Inc. To continue its efforts to account for stimulus changes, the IRS extended the tax filing deadline to May 17 on Wednesday, which was lauded by House Ways and Means Committee Chair Richard Neal and Oversight Subcommittee Chair Bill Pascrell, who said in a joint statement on March 8 that extending the tax season will lift the " titanic strain" on taxpayers.TurboTax Encourages Taxpayers to File Their 2019 Tax Return to Receive Their Refund and Stimulus Payment Faster or Register through the TurboTax Stimulus Registration to Ensure They Receive Their Stimulus Payment "The IRS will provide taxpayers with additional guidance on those provisions that could affect their 2020 tax return, including the retroactive provision that makes the first $10,200 of 2020 unemployment benefits nontaxable," the statement said. On March 12, the agency said in a statement that it urges taxpayers to not file an amended tax return while it is reviewing implementation of the new tax laws, which Democrats pushed for to ease the burden on taxpayers. And given the changes to the tax system, the IRS is behind on processing nearly 7 million tax returns, causing delays in tax refunds. "It's literally a little under $4,000 that I can't get right now, which I could really use."Īccording to IRS data, around 53.9 million tax returns have been filed so far this year, which is almost 97% of all returns. Terry Algranati, a TurboTax customer based in New Jersey, told Insider that he still is waiting for the second two stimulus payments, and he can't complete his 2020 tax return because of IRS delays in accounting for the unemployment tax exemption in its software.
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