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
TurboTax, the nation’s leading online tax preparation service from Intuit, 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.
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“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”
According to the IRS, 80% of Americans are eligible to receive a stimulus payment. 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. They can easily find out how much they can expect to receive through the TurboTax Stimulus check calculator.
For 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. 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.
There are as many as 10 million Americans who are not required to file a tax return. 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.
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In partnership with the IRS, TurboTax volunteered to create an innovative solution to help this group easily get their stimulus payment. 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. Users simply answer a few questions and then choose to receive their payment via direct deposit or check. The IRS strongly recommends selecting direct deposit, so that taxpayers can get their stimulus payment as quickly as possible.
“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. “Our goal is always to help people get the money they deserve at tax time. 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.”
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