Large deposit amount

[Antsymomof4]

Does the IRS deposit refunds larger than 10k to a bank? I have a credit union. Someone said they don’t and I’m hoping that’s false!

[Cathy]

One year, they mailed me a check but every other year in before and after, it was direct deposited into our credit union. I really think a lot of these issues are luck of the draw and who is behind the keyboard during our processing time at the IRS.

[Antsymomof4]

We had eitc, ctc and education credit since my husband was in school last year. The education credit gave us a nice chunk. All together, we’re getting 11k. My husband is in an apprenticeship and we have 4 kids so it definitely helps until he makes better money when he graduates

[Saba]

No, sorry I was wrong. It was a check for $980,000

[Saba]

Yes, some Florida man got a $980,000 refund to SunTrust bank 2 years ago. True story.

[Jehovah Witness]

I got back 9982 on 2 dependents would have been 10.5K but i dont have insurance so that cost me 700 bucks. I made 47K and paid in 6K to fed I know a girl who made 15K working at Captain D’s and she had 4 dependents and shes getting back 11K. How does this stuff even add up? I get 1K less with half the dependents and I have 32K more through out the year. I think it should be the less you make the more you should get back but seems Uncle sam dont think that way greedy b@stard.

[Antsymomof4]

Thank you all so much!

[Citizen]

Here’s what I found…

The IRS has no dollar limit on direct deposit of refunds. However, direct deposit must only be made to accounts bearing the taxpayer’s name….

(**basically just that the number of refund deposits (maybe i misread but most def not a dollar amount, if they owe you 100k…you’ll get it!) per account are limited.

… The fourth and subsequent refunds automatically will convert to a paper refund check and be mailed to the taxpayer. For more information, see IRS Direct Deposit Limits.

https://ttlc.intuit.com/questions/4181443-will-i-still-get-dd-if-my-return-is-over-10k-i-ve-seen-post-that-say-they-will-change-it-to-paper-check

[John]

False. Get over 10 almost every year

[JV]

False

[Citizen]

I’ve never heard that, however I’ve never expected a refund over 6k so I can’t speak from expierence….unless someone can share a link (im about to do a Google hunt for you Just to make sure) that specifically states this, I wouldn’t buy it!

People will say anything! 🙄

….. someone said they had their 13,000 refund loaded to their food stamp card this morning😏😂

[Mike]

yes

[Author]

Replies