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Author: Wradical Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121328  
Subject: Re: Yet another Economic Stimulus Payment questi Date: 5/13/2008 11:18 PM
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The IRS is not sending deposits to accounts that they debited from, they are sending paper checks.
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Can you point me to this statement by IRS? I've figured that's the case since I'm in exactly the same situation as OP, but at the time I filed I too believed the IRS was saying otherwise. In fact, I believed they were saying explicitly that if you e-filed and had your bal due satisfied by direct debit the stimulus payment would be by direct deposit.

Phil

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It's about 2/3 of the way down this page of FAQs (and there are several pages.)

http://www.irs.gov/newsroom/article/0,,id=182718,00.html

Q. I chose direct debit to pay my tax bill. Will my stimulus payment be direct deposited to the same account?

A. No, the account information used for an incoming direct debit payment to the IRS cannot be used as the account information for the direct deposit of the stimulus payment. People who choose direct debit to pay a balance due will receive their stimulus payments by paper check through the mail. [Updated 3/3/08]

Q. I plan to choose direct debit to pay my tax bill. I know my economic stimulus payment will not automatically be direct deposited based upon the direct debit information I've provided to pay my tax bill, but can I also enter direct deposit information to receive my stimulus payment by direct deposit?

A. Some tax preparation software will allow this, some will not. You will have to make this determination based on your own review of the tax preparation software you use. If the tax software allows you to enter both direct debit (electronic funds withdrawal), as well as direct deposit information, doing so will allow your economic stimulus payment to be direct deposited. [New 3/20/08]
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