At this point in the game, there are three kinds of people when it comes to: those who got all their money, those who , and those who ran into a in order to get their payment.
That's the easy part. Now come the details. For example, your 2020 federal taxes,, delays and holdups could all influence which bucket you fall into and what you'll want to do next. We'll share all the details you need to know below.
In the meantime, many experts say ais unlikely, but billions more dollars are coming to parents with the . Make sure you and . As for other personal finance news, the IRS is issuing to millions. This story was recently updated.
Why are more stimulus checks arriving each week?
The amount of money you got in your stimulus checks depends on a multitude of factors, including how much money you made for the year (this is your), how many eligible kids you had and so on. This is the kind of information the IRS largely gets from your tax return, or from other sources of information if you . Since the third stimulus checks began arriving in the middle of tax season, the end result is that some people's payments were calculated based on information the IRS had from last year, not from this year.
That means the IRS might owe you more money even if you already got a stimulus check. Let's sat you had a new baby or made less money. As part of the IRS processing your tax return, if it determines that you're actually owed more than you got, the agency may send a plus-up payment. So far, the IRS has sent billions in payments this way. A delayed tax due date (May 17 instead of the usual April 15), delays in processing tax returns and a backlog from last year's tax returns may mean the IRS continues to send plus-up payments through December.
How can I track my stimulus check online?
With the IRS Get My Payment tool, you can get a daily update on your payment status. The online app can also alert you with a message if there's a that you may need to address. Another option is to create an online account with the IRS, if you haven't already.
If you are sent a plus-up payment after your 2020 tax return is processed, the amount of your third payment will no longer show up on the tool, according to the IRS. In that case you will only see the status of your plus-up payment.
If you expect your payment to come in the mail, you can use a free tool from the US Postal Service to.
Stimulus check delivery start and end dates
|First direct deposits made||March 17|
|First paper checks sent||Week of March 15|
|First EIP cards sent||Week of March 22|
|First Social Security, SSI, SSDI payment sent||Weekend of April 3, most arriving April 7|
|First plus-up payments||Weekend of April 3|
|VA benefits for veteran nonfilers||Week of April 14|
|IRS deadline to finish sending checks||Dec. 31, 2021 (mandated by the bill)|
|Last date to receive a check||January 2022 (if mailed checks sent late December)|
|Final claims for missing stimulus money||2021 tax season likely (in 2022)|
What could be holding up my stimulus payment?
Here's some information onwith your stimulus check and other problems you might encounter.
- There was a and you need to claim an adjustment or wait for a .
- You receive
- Your check is stuck in the mail. (
- You may not receive money for , including a or .
- The IRS based your and you're owed money for your or .
- You may be a to claim dependents.
- Your stimulus check was deposited in a .
- You to send a check.
- Your payment may be .
- You accidentally .
What if my third stimulus amount is less than I expect?
The IRS isn't particularly big on communicating how much money it calculates for your stimulus check. You won't find that figure in the agency's online tracking tool, but you will see it in theyou'll receive in the mail. (And here's why you .)
So what happens if you use ourand notice the numbers seem way off, or the IRS letter quotes an amount you didn't receive? Start by triple-checking your to make sure you're eligible for the total you expect. Remember the IRS is automatically sending after the agency receives your 2020 tax return. If you or otherwise added a in 2020, you won't need to file an amended tax form to claim the supplement.
The IRS could open up claims for missing stimulus money before its Dec. 31 deadline to stop sending checks. If not, you might have to wait a year to claim it -- when you file your 2021 taxes in 2022 (even if you're a).
What do I do if I'm missing money from the first two stimulus checks?
Plus-up payments are going out weekly along with the third round of checks, but they may not be the only money you're due. For money missing from the first two checks, you need to claim that on your 2020 taxes. We suggest making sure you know where to Recovery Rebate Credit for claiming missing money from the .. You may be eligible to claim the 2020
Also, last week, the IRS launched a new online for non-tax filer families called the "Non-filer Sign-up Tool." Its purpose is to help eligible families who don't normally file a tax return enroll in the monthly child tax credit advance payment program, which is slated to begin July 15. However, the tool is also for those who did not file either a 2019 or 2020 tax return and did not use the previous non-filers tool last year to register for stimulus payments.
In other words, individuals who experience homelessness or make little or no income can use this tool to enter their personal details for the IRS to receive the $1,400 stimulus checks or claim the recovery rebate credit for any amount of the first two rounds of payments that might have been missed. Taxmay need to be proactive about claiming a , too.
How do I notify the IRS of an issue with my stimulus check?
The IRS doesn't want you to call if you encounter a problem with the delivery or amount of your stimulus check. So what to do instead? Our guide walks you through, including checks that never arrived (try ), direct deposit payments that went to the wrong account and other issues.
Can I throw away the IRS letter about my stimulus payment?
Hold on to that IRS letter that confirms your stimulus payment, including the amount and how the IRS sent your money. That letter from the IRS -- Notice 1444-C -- is your proof that the IRS sent a payment in case you don't actually receive it or if you received less than and need to claim the missing amount later. Here's more on .
How do taxes play a role in my stimulus payment amount?
Taxes were due May 17. So how will the IRS figure out how much it owes you? It willbased on the most recent tax filing it's processed when tabulating the amount of your stimulus check.
If you know your tax return was already processed, the amount of your stimulus check will likely be based on your 2020 adjusted gross income, not on your 2019 AGI. That presents complications if the difference between the two years.
On the flip side, if the IRS uses your 2019 taxes and you're owed more money based on your 2020 AGI and dependents, you could get a. If you got more than you're owed, you'll only need to in some cases.
When will the stimulus checks stop coming?
Most of the third stimulus check payments have gone out from the IRS and US Department of the Treasury, based on the information the IRS has on hand to determine payment amounts. The, however, gives these federal agencies until Dec. 31, 2021, to send out all the third checks. That gives the IRS room to process 2020 tax returns and square up payments for those who are owed , folks who filed for a and other groups, like or don't have a fixed address (such as people experiencing homelessness).
Will there be a fourth stimulus check?
Millions have been clamoring for recurring stimulus payments, and some lawmakers have expressed support for more relief aid through the pandemic. But President Joe Biden hasn't pledged support to a fourth check, focusing instead on his proposed American Families Plan and American Jobs Plan.
In a press conference on June 3, White House press secretary Jen Psaki played down the possibility of a fourth stimulus payment, asserting that the administration has already put forward an economic recovery plan. We'll continue to follow the debate in Washington over.
What other information might I need to know?
Stimulus checks aren't necessarily a one-size-fits-all situation. Here are guides for:
- Households with , including new .
- People who .
- People who aren't sure if they're qualified to receive .
- People who don't normally pay taxes ( ).
- Families with .
- Families with .