Stimulus and Tax Refund realities.

[ddddd]

Stimulus checks are not supposed to hit until the 15th, if you got it early, congrats. Otherwise, be patient. You will probably see it the 15th. If you don’t see it then, you need to wait until the tool opens on the 17th.

If you owe your bank money, they will take it from the stimulus. Let’s say you have an account with Wells Fargo you used for DD. You’ve since had an issue with that account it’s since been closed, and you owe Wells Fargo money. They can take that money before sending the remaining back to the treasury. Not every bank will do this, but there nothing that is preventing them from doing this. Same goes if you’re loan and DD are the same bank, and you’re behind on payments, they can use the stimulus to make your loan current before putting it in the DD account.

If you’re under review, filed a paper return, or filed an amended return; you’re situation is most likely not being looked at if there is a stay home order in the state with that IRS office. This is my situation. I had to file an amended return, even got it expedited, TA can’t do anything.

There is nothing we can do about it any of this. I see a ton of the same posts here, hopefully this helps some.