Still no stimulus check? Check the mail for a debit card – Community News
Stimulus Check

Still no stimulus check? Check the mail for a debit card

By Katie Lobosco | CNN

Still haven’t received your $600 incentive payment? Check the email for a debit card.

The Internal Revenue Service made more than 100 million payments in January, approved by Congress late last year. The vast majority of payments were deposited directly into personal bank accounts, but others received either a paper check or prepaid debit card in the mail. About 8 million debit cards were sent.

Like the first round of payment, which was worth up to $1,200 per person and shipped last spring, the agency is sending payment in three different ways to speed up the delivery process.

Last year, some recipients mistakenly thought the debit cards were junk mail. The Internal Revenue Service warns people to keep a close eye on the mail and that the form of payment may be different than last year’s. Some people who received a paper check last time may now get a prepaid debit card. The new payment will not be added to the debit cards sent for the first payment round.

The debit cards are shipped in a white envelope with the Treasury Department seal on the outside. The card itself is a Visa debit card issued by MetaBank, the Treasury’s financial agent. It can be used to make purchases, withdraw cash from an ATM or transfer money to a bank account without incurring any fees.

People can check if their second payment has been sent using the Internal Revenue Service’s online tool Get My Payment. The law required the agency to stop making this payment round. Eligible people who have not received their money by then will have to wait to claim it on their 2020 tax return.

Eligibility is largely based on income. Individuals who earn less than $75,000 per year receive the full $600. Household heads who earn less than $112,500 and married couples who collectively earn less than $150,000 also owe the full amount. They will receive $600 per child under 17, which is $100 more than in the first round.

Payments will begin to taper off for those making more money, at a rate of $5 per $100 of additional income. Some people who received the first payment may be phased out of the second round because the payments are smaller.