IRS Stimulus Check
IRS Stimulus Check

We’ll be talking about IRS Stimulus Check in this article, prior to how it works and how to use it. This agency has created an online app called “Get My Payment” in order to help you see the status of your payment. The IRS tracker website can give you an update on how much money you’ll get from the government — payments top out at $1,200 per person, depending on the level of the income you earn and when you can expect to receive it. And one coolest part is that people who are no longer living have been receiving stimulus money, whether you believe it or not. So, if you’ve been on IRS though, I bet you, there are things you still don’t know about IRS Stimulus Check.

Let’s take for instance; if you’ve been wondering why you’re not receiving your money, IRS is just the right choice for you to highlight everything for you. If you’re eligible for a check, the IRS lets you track your payment schedule through its Get My Payment web portal. Some people have reported having trouble using the portal, and the IRS said it has significantly improved the Get My Payment app to help you set up and track the date of your stimulus payment. Now, read further below to learn more about IRS Stimulus Check.

IRS Stimulus Check
Some 150 million stimulus checks have yet to be mailed out by the IRS. (AP Photo/Eric Gay)

All You Need to Know About IRS Stimulus Check

  • The IRS lets you track your payment schedule through its Get My Payment web portal.
  • The IRS tracker website can give you an update on how much money you’ll get from the government.
  • The tool will ask for your Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN), your date of birth, your street address and your ZIP or postal code.
  • The IRS is sending payments on a schedule. Think of it as batches of payments that get sent at once, rather than individually. The Get My Payment tool can ballpark your scheduled date.
  • The IRS updates its status tracking information on who has and hasn’t received a payment once a day. 
  • You should receive a letter about 15 days after it issues your payment, with information on the amount you received and how you received it.
  • The IRS deadline to set up deposit with the government passed on May 13. If you didn’t set up your account, you’ll receive your check in the mail.
  • You may see confusing messages when using the status tool — so much so that the IRS explains common status messages in the FAQ.
  • You may get a message if it’s impossible to determine your eligibility, for example, or your payment status is not available.
  • To receive the stimulus payment, you may need to file a tax return if it’s necessary.
  • Again, the agency will mail a letter to a taxpayer’s last known address within 15 days after sending the payment. The letter will contain information on when and how the payment was made and how to report to the IRS if you didn’t receive your check. 
  • If your stimulus payment was issued for the wrong amount (or sent to the wrong place), there may be ways to remedy the situation. But keep in mind that the IRS is working hard to release new guidance almost daily.
  • Stimulus checks are being generated based on the most recent banking information the IRS has on file for you. If your 2019 or 2018 return did not include a bank routing number and account number, then the IRS will have to mail you a physical check (unless you have updated your banking information with the IRS online).
  • The IRS is aiming to deposit most checks digitally, via bank account. But for those who don’t have a bank account on file, a paper check will be sent—which can take some time to arrive in the mail.
  • The IRS is also sending out the paper stimulus checks in waves, depending on the taxpayer’s earnings. Individuals with lower adjusted gross incomes (AGI) will have their checks sent out first; those who make between $30,001 and up may still have time to update their bank information with the Get My Payment tool to expedite the process of receiving their money.
  • If you don’t manage to update your banking information before your check is processed, your money will be on its way to an inconvenient destination.
  • If your most recent tax return lists an old bank account, you might be worried about getting stuck. But the thing is that if the account on file with the IRS is closed or no longer active, the bank will reject the stimulus payment deposit and you will be issued a physical check to the address the IRS has on file for you. This will generally be the address on your most recent tax return or as updated through the United States Postal Service (USPS). 
  • One option to try and recover your check is to log onto the USPS website here and have your mail forwarded to you from the old address you think might be on file with the IRS, if you haven’t done so already (it costs $1.05 to initiate mail forwarding).
  • As of now, there isn’t official insight on how lost stimulus payments can be recovered. Some tax experts say that when this year’s taxes are filed in 2021, so you can expect to make a case with the IRS for why you didn’t receive your payment, and hopefully be able to claim it then.
  • Individuals are also eligible to receive an additional $500 per qualifying dependent as part of their stimulus payment.
  • Many Social Security retirements, survivors or disability insurance benefits and railroad benefits beneficiaries, for example, don’t typically file tax returns. The Treasury Department guided these individuals to submit additional information, including information about qualifying dependents, through the IRS Non-Filers tool by April 22.
  • “If you did not receive the full amount to which you believe you are entitled, you will be able to claim the additional amount when you file your 2020 tax return.” This means that you won’t see the additional dependent money to which you’re entitled until 2021.
  • The Non-Filers tool only allows individuals to select a bank account for direct deposit or to leave the bank information blank to receive their stimulus payment by mail. So, if you used the Non-Filers tool, the payment cannot be deposited onto your Direct Express card. You will receive it by direct deposit or by mail.
  • Some individuals have asked if they could amend their 2019 taxes because they originally didn’t claim their qualifying children as dependents. If that’s the case, you should contact a tax professional to double-check that you should in fact be claiming them. If so, you can claim them on your 2020 taxes to receive the additional funds.
  • Since the IRS is sending stimulus money out based on 2018 or 2019 tax returns for those who haven’t filed yet this year, it’s possible those people have died since the taxes were filed. Plus, the IRS has been under immense pressure to get the stimulus money out to some 175 million people as quickly as it can. All of that, combined with the fact that the Social Security Administration’s Death Master File is not updated in real time, means people who are no longer living are getting stimulus money anyway.
  • Treasury Secretary Steven Mnuchin indicated that any funds sent to those who shouldn’t receive stimulus money, including deceased people, should be sent back to the IRS immediately. 
  • According to new guidance on the IRS website, individuals who need to return a stimulus payment that was received in the form of a physical check should write “Void” in the endorsement section on the back of the check and mail it back to the IRS immediately.
  • If payment was made by direct deposit, or if it was a paper check that has already been cashed, you should write out a personal check or money order and send it to the IRS as soon as possible. Your check will need specific information written on it, like the taxpayer identification number of the stimulus payment recipient, and you’ll need to provide a brief explanation of why it’s being returned. 
  • There are times when your stimulus check can, and can’t be taken from you.  The CARES Act specifically states that past-due child support is the only obligation that would subject stimulus payments to the Treasury Offset Program. This means individuals who are behind on child support will have their stimulus payment seized by the government to repay that debt.
  • Individuals who lost their portion of stimulus payment due to a spouse that owed debt can file for injured spouse relief to get their portion of the stimulus check back. To file a claim, complete the Injured Spouse Allocation (Form 8379) and submit it to the IRS. According to IRS instructions, there’s no need for you to wait until you file your next tax return to file the 8379.

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To Check Your Payment

  • This first thing is to head to the IRS’ Get My Payment page and tap the blue Get My Payment buttonto check the status of your economic impact payment. 
  • On the next page about authorized use, tap OK.
  • Now on the Get My Payment page, enter your SSN or ITIN, your date of birth, your street address and your ZIP or postal code. Tap Continue.
  • On the next page, the portal will show your payment status, whether it’s been scheduled or if the service can’t yet determine your status.