By law, the financial institution must return the payment to the IRS, they cannot hold and issue the payment to an individual when the account is no longer active. Some payments may have been sent to an account that may be closed or no longer active. If your direct deposit information is not on file, you will receive the payment as a check or debit card in the mail.If your direct deposit information is on file, you will receive the payment that way.The IRS will use the data already in its systems to send the new payments: What If You Have Changed Your Address Or Bank Account? Will You Get Anything With Your Payment?Īs before, you’ll receive an IRS notice, or letter, after you receive a payment showing the amount of the payment. Additional information is also available on the Internal Revenue Service (IRS) website at IRS.gov/EIP. You can find out more about phaseouts and eligibility here. This is important to understand because there had been some discussions about changing the eligibility for dependents: that did not happen. The amount of the checks would start to phaseout for those earning more than $75,000 ($150,000 for joint returns and $112,500 for heads of household).Īs before, dependents who are 17 and older are not eligible for the child payment.
Who Is Eligible For A Payment?Įligible individuals will receive checks of up to $600 for individuals ($1200 for married couples) and up to $600 for each qualifying child. Payments will also be automatic for anyone who successfully registered for the first payment online at IRS.gov using the agency’s Non-Filers tool by November 21, 2020, or who submitted a simplified tax return that has been processed by the IRS. (If you’re in this group and you don’t receive a payment for any reason, you can claim your payment when you file a 2020 tax return.) Payments will be automatic for eligible taxpayers who filed a 2019 tax return, those who receive Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits as well as Supplemental Security Income (SSI) and Veterans Affairs beneficiaries who didn’t file a tax return. If you’re eligible to receive this second payment, you don’t need to do anything to receive a stimulus check. More information about these cards is available at. The card has the Visa name on the front of the Card and the issuing bank, MetaBank®, N.A. The card will be sent in a white envelope with the U.S. If Treasury sends you a debit card, it will be issued by Treasury’s financial agent, MetaBank®, N.A. Please watch the mail carefully! Last time, some taxpayers weren’t expecting those debit cards and accidentally tossed them in the trash. Some people who received a paper check last time might receive a debit card this time, and some people who received a debit card last time may receive a paper check. The form of payment for the second stimulus check may be different than for the first stimulus check. Mailed payments will require more processing and mailing time.Įligible check recipients who live abroad will have longer wait times for checks as disruptions to air travel and mail delivery in some countries will slow delivery. If you didn’t receive your earlier stimulus payment by direct deposit, you will likely receive a check or, in some instances, a debit card. If you don’t receive a direct deposit by early January, watch the mail for either a paper check or a debit card. Some folks may have seen the payments as pending or as provisional payments in accounts before the scheduled payment date of January 4, 2021, which was the official date that funds were available. Paper checks were mailed beginning on Wednesday, December 30.ĭirect deposit payments may take several days to post to individual accounts. Timing Of ChecksĪs noted earlier, initial direct deposit payments began arriving last week.
Unfortunately, there’s no fix for that: the IRS says not to not contact them. If you can’t verify your identity, you won’t be able to use Get My Payment. If that happens, you must wait 24 hours and try again. If your answers do not match the IRS records three times, you’ll be locked out of Get My Payment for security reasons.
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