Second stimulus check: how to track when you receive your payment – Community News
Stimulus Check

Second stimulus check: how to track when you receive your payment

The $600 incentive checks going to millions can now be tracked individually through the IRS’s “Get My Payment” website, which reopened Monday afternoon. The site informs people of the date of their payment and whether they will receive it via direct deposit or the emailed payment date.

Still, there are some issues that delay the payment of the incentive money and cause confusion and questions among consumers. Chief among them, some people who filed their 2020 tax returns through tax preparers like H&R Block may have had their stimulus check sent directly to the tax office rather than their bank account.

This sounds like a malfunction that affected the payment of the first stimulus check for some people who used tax preparation services and for whom the IRS had no direct deposit information. With the second round of stimulus checks, a similar problem may affect some people, with H&R Block warning its customers who used a service that has used a refund transfer that they may see “an account number you don’t recognize” on the “Get My Payment” website. . According to H&R Block, refunds are offered to allow people to tap their refunds to pay their tax preparation fees.

No less than 13 million people are allowed experiencing a delay when receiving their money after the IRS sent the money to closed or invalid bank accounts, according to tax prep firm Jackson Hewitt.

H&R Block, TurboTax Problems

Intuit’s TurboTax on Tuesday too tweeted that some customers had problems receiving their stimulus checks. “The IRS announced yesterday that because of the speed with which they have completed this second round of payments, they have sent some payments to an account that may have been closed or no longer active,” the tax preparation agency said.

The IRS said checks sent to closed or inactive accounts cannot be held by financial institutions and forwarded to consumers by law. Instead, the money is returned to the IRS, and people who didn’t receive a check will have to wait until they file their 2020 tax returns to get the stimulus money back. As a result, there is a good chance that those customers will be delayed.

Some customers took to social media to say they panicked after not receiving their money as expected, with some expressing concern that they had been victims of fraud.

Meanwhile, the IRS said Monday it could take “several days” for direct deposits to be placed in individual accounts after the official payment day of Jan. 4. bills.

Here’s what you need to know about tracking your payment.

How can I get my stimulus check?

The IRS says people will automatically receive their payments in the second round of stimulus checks. One way to track the status of your payment is to visit the “Get My Payment” site.

As with the first round, you’ll need to enter a few personally identifiable information, such as your Social Security number, date of birth, and address. The site will then give you the status of both your first and second stimulus payments.

What does “Receive my payment” tell me?

The “Get My Payment” site will inform you of the payment date and method, which the IRS says is the payment date by mail or the date of direct deposit to your bank account. Checks sent by mail require more processing and shipping time, although the IRS hasn’t specified how long that takes.

The IRS says it prioritizes direct deposits to people with valid routing and account information.

Can I change my bank account details?

The IRS says that option isn’t available this time around because the IRS issues the checks based on information it already has on file from the first round of checks. In the first round of controls led by the Coronavirus Aid, Relief and Economic Security Act (or CARES Act), people were able to enter or correct their bank account information on the “Get My Payment” site.

In the second round, however, that is not an option. “You cannot add new routing or account information, and you cannot request to receive your payment by EIP card,” the IRS said on Dec. 30.

What if the IRS sent the check to a closed account?

Because people can’t update their bank account information on the “Receive My Payment” site, there is concern that some checks may be sent to accounts that have recently been closed. If so, the IRS tells you to wait until you file your 2020 tax return.

The incentive checks are actually a tax credit that can be applied to your annual tax return, but that means people can wait weeks or even months for their incentive money to show up through their tax refunds.

Why does it say “Payment not available”?

This was a message that frustrated many consumers in the first round of checks and resulted from a number of issues, such as whether the IRS was still verifying a person’s eligibility for a check.

Some people receive this message with the second round of stimulus checks, which the IRS says means the person isn’t eligible for a check — for example, if their income exceeds the threshold — or the IRS says it “wasn’t able to give you a check.” EIP 2 payment”, which is the IRS term for the second stimulus check.

The IRS said it may not be able to make a second incentive payment if it is still processing your most recent tax return.

What if I receive Social Security via the Direct Express debit card?

The IRS says that people who receive government benefits such as Social Security, retirement benefits, supplemental security income or veteran benefits through Direct Express — a debit card that automatically receives payments — will get their second stimulus checks on that card.

But the IRS warned, “The banking information shown in Get My Payment is a number associated with your Direct Express card and may be a number you don’t recognize.”

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