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Up to 21 million people who used services like TurboTax and H&R Block for tax filings face a stimulus check delay

EditorBusiness InsiderApril 16, 2020

  • People who filed taxes using H&R Block, TurboTax, and Jackson Hewitt faced a delay receiving their $1,200 stimulus checks.
  • The IRS didn’t have the information on file for people who used those or similar tax prep services.
  • Up to 21 million people were affected, one consumer law expert told The Post.
  • Visit Business Insider’s homepage for more stories.

Up to 21 million people who used tax-filing services like H&R Block, TurboTax, and Jackson Hewitt faced a delay receiving their stimulus checks to their bank accounts due to the Internal Revenue Service not having their direct deposit information, The Washington Post reported on Thursday.

Consumer law expert Vijay Raghavan told The Post the hiccup occurred because the IRS did not have direct deposit information for people if they got an advance on their tax refund or if they had their tax prep fee pulled out of their refund.

The expert told the newspaper that tax prep companies received customers’ refunds, deducted the cost of filing their taxes, and then sent out what remained to the customers.

Read more: Bank of America’s wealth-management chief overseeing $2.7 trillion says investors must make 3 permanent changes to thrive in a …continued .
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Source: Business Insider]

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