The Internal Revenue Service began to deposit these funds directly on December 29, and said it has completed deposits of up to $100 million.
However, according to Intuit TurboTax Spokesperson Ashley McMahon (Ashley McMahon) said: “Millions of payments have been sent to the wrong account, and some may not have received their stimulating payment.”
A banker said that about 13 million people were affected.
The people most likely to be affected are those who use refund anticipation loans or similar products. In these cases, their stimulus payments may have been directed to a temporary bank account established by the online tax preparation company they used to file their 2019 tax returns.
In the past year, this may have also affected some people who changed banks, and the IRS has not yet recorded their new checking accounts.
Earlier this week, the IRS attributed this error to the new law requiring the agency to publish a second round of economic impact payments.
The company wrote in a blog: “Incentive payments will be deposited for millions of customers affected by the IRS error from January 8.” He said: “We hope that most of these payments will be available on the same day. But the bank may take a few working days to process it.”
TurboTax stated that it will be emailed to customers after payment.