How to update my direct deposit information with the irs

COVID-19

Taxpayers who did not have direct deposit information on record with the IRS can now enter or change that info on the IRS website Get My Payment tool.

Apr. 28, 2020

    How to update my direct deposit information with the irs

    Note: We’ve noticed a lot of people visiting this article, which was from the first Coronavirus stimulus payments back in April 2020. Taxpayers can NO LONGER change their banking information on the website. Please contact the IRS.

    For the latest on the March 2021 coronavirus stimulus payments and other benefits,
    visit https://www.cpapracticeadvisor.com/21213724 

    The IRS has added new features to the “Get My Payment” tool on its website to help more taxpayers receive and track their coronavirus stimulus payments. Taxpayers who did not have direct deposit information on record with the IRS can now enter or change that info on the IRS website Get My Payment tool.

    The enhancements, which started last week and continued through the weekend, adjusted several items related to the online tool, which debuted on April 15. The additional changes will help millions of additional taxpayers with new or expanded information and access to adding direct deposit information.

    “We delivered Get My Payment with new capabilities that did not exist during any similar relief program, including the ability to receive direct deposit information that accelerates payments to millions of people,” said IRS Commissioner Chuck Rettig. “These further enhancements will help even more taxpayers. We urge people who haven’t received a payment date yet to visit Get My Payment again for the latest information. IRS teams worked long hours to deliver Get My Payment in record time, and we will continue to make improvements to help Americans.”

    “We encourage people to check back in and visit Get My Payment,” Rettig added. “These enhancements will help many taxpayers. By using Get My Payment now, more people will be able to get payments quickly by being able to add direct deposit information.”

    How to use Get My Payment Available only on IRS.gov, the online application is safe and secure to use. Taxpayers only need a few pieces of information to quickly obtain the status of their payment and, where needed, provide their bank account information. Having a copy of their most recent tax return can help speed the process.

    As a reminder, Get My Payment is a U.S. Government system for authorized use only. The tool is solely for use by individuals or those legally authorized by the individual to access their information. Unauthorized use is prohibited and subject to criminal and civil penalties.

    • For taxpayers to track the status of their payment, this feature will show taxpayers the scheduled delivery date by direct deposit or mail and the last four digits of the bank account being used if the IRS has direct deposit information. They will need to enter basic information including:
      • Social Security number
      • Date of birth, and
      • Mailing address used on their tax return.
    • Taxpayers needing to add their bank account information to speed receipt of their payment will also need to provide the following additional information:
      • Their Adjusted Gross Income from their most recent tax return submitted, either 2019 or 2018
      • The refund or amount owed from their latest filed tax return
      • Bank account type, account and routing numbers

    Get My Payment cannot update bank account information after an Economic Impact Payment has been scheduled for delivery. To help protect against potential fraud, the tool also does not allow people to change bank account information already on file with the IRS.

    A Spanish version of Get My Payment is expected in a few weeks.

    Watch out for scams related to Economic Impact Payments The IRS urges taxpayers to be on the lookout for scams related to the Economic Impact Payments. To use the new app or get information, taxpayers should visit IRS.gov. People should watch out for scams using email, phone calls or texts related to the payments. Be careful and cautious: The IRS will not send unsolicited electronic communications asking people to open attachments, visit a website or share personal or financial information. Remember, go directly and solely to IRS.gov for official information.

    Do you need to change your banking and routing numbers for your tax refund from your checking account to your savings account, or vice versa? If so, we can walk you through the process.

    Steps to Change Your Bank Account and Routing Number for Your Tax Refund

    If necessary, you can change a wrong bank account and routing number for a tax refund. However, the process is different depending on whether or not you’ve successfully filed your return.

    If you haven’t yet filed your return, or if the IRS rejected your return:

    1. Go to the File section of the H&R Block Online product.
    2. Choose how you want to file.
    3. Choose Direct Deposit.

    When prompted, enter your routing number and account number. Re-enter the same information to confirm.

    If you’ve already filed your return, you can review your direct deposit information on a copy of your return.

    If the IRS has accepted your return already, you won’t be able to change your bank and routing number for your tax refund. You can only request that the IRS issue you a check – and that’s only if the return has not yet been processed.  If you don’t contact the IRS, they’ll first try to send your refund to the bank account and routing number listed in the return. If the bank returns your direct deposit, the IRS will send a paper check to the mailing address listed on your return.

    If you want to change your bank account or routing number for a tax refund, call the IRS at 800-829-1040.

    How do I change my direct deposit information with the IRS?

    Taxpayers can NO LONGER change their banking information on the website. Please contact the IRS..
    Social Security number..
    Date of birth, and..
    Mailing address used on their tax return..

    Can I change my direct deposit information with the IRS over the phone?

    The IRS will not change the account for a direct deposit, but you may be able to ask them to cancel the deposit and to mail a check instead if you reach them in time. Listen to each menu before making the selection. First choose your language.