![]() “Because of the speed at which the law required the IRS to issue the second round of Economic Impact Payments, some payments may have been sent to an account that may be closed or, is or no longer active, or unfamiliar,” the IRS said earlier this week. In an error, the agency sent some checks to TurboTax and H&R Block instead of their customers, the tax preparers said. 4.īut some TurboTax and H&R Block customers were surprised to see the last four digits of their bank account numbers were incorrect when they checked their payment status on the IRS website. Millions of payments were set to be directly deposited in accounts the IRS had on file by Jan. Over the past week, the IRS started sending out the second round of stimulus payments that are worth up to $600 for individuals and each of their child dependents. "It was a blessing that I received it." What happened? “I needed the money right now," Trent added. ![]() I went from thinking $600 wasn’t enough to thinking ‘oh my God this is all that I have’ once I thought I wasn’t getting it,” says Trent, 26, who was furloughed in the spring and then laid off in July from his job as a transporter at a hospital.īut he was elated when he received his check Thursday via direct deposit. When will the extra $300 in unemployment benefits start?: These states are already paying the bonusĪre you getting a stimulus check?: Here’s who doesn't get one When Trent contacted TurboTax earlier this week, he was told that if he paid his tax preparation fees with his refund, then his second stimulus payment may have been sent to a temporary bank account established by the tax preparer, which is no longer active. Trent, who used TurboTax to prepare his 2019 tax returns, was confused when he saw a “not available" status message when he checked his account on the IRS Get My Payment tool, which was created to help Americans track the status of their stimulus money. But California announced that it extended its state tax filing and payment due dates for Californians in affected storm areas, to October 16, 2023.Millions of TurboTax and H&R Block customers say their stimulus checks were deposited in the wrong bank accounts this week, forcing many of them to wait longer for the badly needed aid after struggling financially during the COVID-19 pandemic.īut some have reported that the money has started to hit their bank accounts after the snafu.Ĭhristopher Trent of Roanoke, Virginia, is one of those Americans. California grants an automatic extension to file a state tax return until October 16, 2023. Although for most people Tax Day 2023 is April 18 (it’s not the normal April 15 due to the weekend and a holiday), California storm victims have until October 16, 2023, to file their 2022 federal individual income tax returns and business returns.Ĭalifornia FTB Tax Deadline: From a state perspective, the California tax deadline is usually April 18 and money owed on a California state return is due at that time. The news that the IRS won’t tax millions of California middle-class tax refunds comes on top of other important California tax deadline extension relief.įederal Tax Deadline Extension: Californians who were victims of storms in designated areas of the state get an extension to file their 2022 taxes. IRS Extends California Tax Filing Deadline If you’re unsure, consult a professional before you file your taxes. However, if you’re a California resident and received a form 1099-MISC related to income other than from the MCTR, don’t ignore that tax form. ![]() Now the IRS has confirmed it won’t challenge the taxability of California’s middle class tax refunds, Californians who received a 1099-MISC related to their MCTR, shouldn’t have to worry about reporting the amount on their 2022 federal tax returns. Most California "Stimulus" Check Payments Have Been Sent ![]()
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