The IRS and US Treasury needed just a couple of days to start sending the IRS said it began making Dec. 29 and mailing and Dec. 30. Congress assigned a tight Jan. 15 deadline for these , however. After that, people who but have not received it can claim their money as a recovery rebate credit when they this year.. The
We know that pitfalls exist. When the, you’ll be able to see the status of your , including any clues if something is awry. The online status portal is temporarily offline, but we can draw on what we learned from the first round of payments to guide you through some common issues that may arise.
If you moved, for example, it’s possible that your check was. Or the could have been rejected by your bank. Perhaps you thought you met the , but , or perhaps your payment was stolen (which is rare, but has happened). We’ve pinpointed 10 possible pitfalls to keep an eye on.
The IRS couldn’t process it by Jan. 15
We have no doubt that the IRS and US Treasury is scrambling to meet the Jan. 15 deadline to process payments. But with tens of millions of payments to work through in a total of 17 days (from Dec. 29 through Jan. 15, including weekends), we can guess that some stimulus checks may not make the final sprint. In that case, you will need to claim your missing money through the.
Are you sure you meet the eligibility requirements?
are a lot thornier and more complex than they may seem. It isn’t enough to qualify if your total , meets the monetary limits to qualify for a check. That’s the income figure the IRS uses as part of the . You can check out our to see how it works.
There are also situations that apply to tens of millions of people that can change a payment one way or another, including:
The IRS may need more information from you
With the first round of checks, the majority of payments went out automatically. And the IRS said that will be the case for this second round as well.
With the first checks, however, millions of people who were eligible needed to take an extra step to get a missing payment, by using an online app the IRS called the Non-Filers tool. The IRS closed the tool Nov. 21, however.
Now, those who the IRS defines as a “non-filer” and didn’t receive what they are owed either with the first or second stimulus check can claim it as a “” when they file their 2020 federal income tax return. Here some of the people who may fall into this non-filers category:
You moved and need to tell the USPS and IRS
If you moved, the IRS could be using an older address it has on file and doesn’t know where to send your paper check. You may need to . Here’s how to . While the IRS has not yet said how it will handle this situation for the second checks, you may need to claim your missing payment on your taxes this year if this is your case.
Your stimulus check was mistakenly garnished to cover unpaid debts
With the first check, there were several situations where your check, including to cover past-due child support.
For the second check, Congress did away with many of the situations where creditors and debt collectors could garnish your payment — including to— but your bank may still be able to use your second check to .
The IRS doesn’t have your current banking information
For the first check, the IRS used banking information from your 2018 or 2019 tax return to send your payment. For the second check, the IRS said it is using just your 2019 tax return.
Some tax preparers, however, set up temporary accounts for their clients to receive their returns, such as to a prepaid debit card. If this is the information the IRS had for you with the first check, the agency said the payment was returned and reprocessed.
While the IRS has not provided information on how it will handle this situation for second checks, we recommend checking the Get My Payment tool once it is available again, and if you don’t receive your payment requesting it when you file your federal taxes this year.
Your bank couldn’t process the direct deposit
With the first check, if your bank couldn’t process the electronic money transfer from the IRS, the payment was returned to the IRS, which mailed the check to the most current address it has on file, either from a 2019 or 2018 tax return or one from the Postal Service. Again, the IRS has not said how it will handle this situation for second checks and recommends claiming a missing payment on your taxes this year.
A claimed dependent doesn’t qualify for a payment
In general, parents who are not married to each other and do not file a joint return cannot claim a qualifying child as a dependent. The parent who claimed their child on their 2019 return may receive the payment. Likewise, dependent college students.
There is a loophole, however, that applied to the first stimulus check that allowed, filing separately, who claimed a dependent in alternate years to each receive the $500 payment per qualified dependent. Confusing, yes. It isn’t clear if that would also apply to the $600-per-child in the second stimulus check.
You may have thrown away the envelope with your payment
With the first payment, some reportedthe envelope containing their check, not recognizing it contained their stimulus payment. The IRS recommends you watch your mail for a white envelope with the US Department of the Treasury seal. If you receive a , it will have the Visa name on the front of the card and the issuing bank, MetaBank, N.A., on the back.
You may be the victim of a scam
The FBI and IRS warn that scammers are looking to steal your stimulus check. We have a guide for . With the first checks, the IRS sent a letter notifying you that the agency had sent your money — with details on whether it came through the mail or straight to your bank — and with information on how to report that the money didn’t arrive. The IRS said it is sending a similar letter with payment for the second checks.
As you try to discover the status of your stimulus check, here’s what we know about, and how to of how much to expect.