How and when will the IRS send your stimulus check, and how are the two connected? Could tax season throw a wrench in the plan? Here's what you should know.
Eagerly awaiting your? You're in good company. The IRS has only just begun sending provisional payments since Friday night (they may not become fully accessible until March 17). The agency has turned on its to provide general information about your . However, the tool has some limitations, and can be downright obtuse at times. It also can't tell you exactly when your bank will make the payment available, or the date your .
In addition, the first wave of money is aimed squarely atwho already have accounts on file with the IRS. The agency won't finish processing every payment for weeks. In addition, tens of millions more who will get their in the form of a or will have to wait for their . That's assuming everything goes right and there are no errors or delays in processing, posting or delivering your funds.
For example, with, the IRS will have to process new payments using either . Your payment group plays an outsize role in determining if you'll get your stimulus money sooner, or join a later wave. Personal circumstances are also important -- if you owe outstanding taxes or child support, for instance. Here's what you need to know. This story was recently updated.
When will my third stimulus check actually arrive?
People who currently see official payment date of March 17 to access the money.payments in their bank account as pending or provisional may need to wait until the
This is only the first wave of direct deposit payments as well, with the IRS planning to distribute money in batches to direct deposit recipients, and through the mail as aor . It could still take days or weeks for a payment to be processed and scheduled before it actually appears on your doorstep. Any additional complications could also delay your payment. If you .
Stimulus check delivery dates (semi-final)
Stimulus bill passed Congress
Stimulus bill signed into law
First direct deposit sent
March 12 (pending), March 17 (official)
First paper checks sent
Week of March 22 possible
First EIP cards sent
Week of March 29 possible
IRS deadline to finish sending checks
Dec. 31, 2021 (mandated by the bill)
Last date to receive a check
January 2022 (if checks sent late December)
Claims for missing stimulus money open
2021 tax season likely (in 2022)
Can I track my payment schedule online?
Yes. The IRS turned on Get My Payment, its, on Sunday. This tool shows you the status of your payment, such as when a check is scheduled for delivery. The portal can also flag if there's a problem with your payment that you may need to address.
How could my payment group affect my delivery date?
The IRS identifies three payment groups based on how your money is sent:: Typically got their stimulus money in the first wave. But both times there were issues involving deposits going to temporary accounts that were rejected by banks. In some cases, these people got paper checks or EIP cards instead, or had to wait for the issue to resolve.Paper checks: This is the payment type the IRS sent out second. A physical check can take weeks to arrive by mail, but the check can be deposited or cashed right away once it arrives. : This payment type arrives as a prepaid debit card you must activate online to use. The IRS issued EIP cards last, delaying the payment's arrival for this recipient group by weeks.
Remember, it takes time for the IRS to process the well over 100 million payments expected in this third round of checks. Even tiny errors could cause a delay in you receiving your full or partial payment. (Here's more information for, and .)
What's about changing priority groups?
Just because you got your payment by direct deposit the first two times doesn't necessarily mean you'll get it that way again. A lot depends on delivery going smoothly, and on any processing issues the IRS or Treasury could encounter with your case.
The IRS told CNET in January that some people who received their first stimulus payment as a physical check or EIP card may have been paid by the other method the second time around. And, anecdotally, we learned of people who received direct deposit payments the first time finally getting an EIP card in the mail -- and not an electronic bank transfer -- weeks after the IRS tool said the payment was issued.
how long does it take for cbd oil to work for dog anxiety you get your stimulus check could influence how soon your payment arrives.
The other payment groups we've loosely defined include Social Security beneficiaries who received payments a different way the first time if they're part of the, and people with more complex scenarios that could lead to potential . People in different are one example we've seen, as are and people with .
When is the deadline to send new stimulus checks?
Although the IRS and Treasury are acting fact to send stimulus checks, the agencies have until Dec. 31 to complete sending out the third payments. That's good news in the sense that they aren't facing a compressed deadline to send out all the checks. On the other hand, it also means some people may find themselves waiting, for a variety of reasons. There's still so much we don't know about how the IRS will deal with any fringe issues that arise.
Will the IRS use my 2019 or 2020 tax return to calculate my payment?
Taxes are, and although the , that doesn't appear likely this year. So how will the IRS figure out how much it owes you? It will based on the most recent tax filing it's processed by the time it's ready to tabulate your check.
If youand you , your total would likely be on 2020's , not 2020's, as intended. That presents complications if the difference between the two years . (Learn more about some of the .)
The first two stimulus checks were nominally sorted by different payment groups, and one had a clear advantage over the others.
If I get a partial check, when could I claim the rest?
There are several reasons the IRS could owe you stimulus money for the third round of checks. Maybe the agency processed your 2019 tax return instead of 2020 and there was a discrepancy. Or youyou still need to claim as a dependent. Or a clerical error accidentally left out a . Maybe your payment never arrived or was .
Whatever the reason, the IRS may provide a way to file for missing stimulus money before the Dec. 31 deadline. If not, you, until you file your 2021 taxes in 2022 (even if you're a ).
Which other stimulus check details do I need to know?
Stimulus checks aren't necessarily a one-size-fits-all situation. Here are additional guides for:People who receive Other Families with Households with , or people trying to understand if they'd Families with
Here's everything you need to know about the, and every other way the .
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