During the first two weeks of June, the IRS delivered more than $4.2 billion in stimulus payments to individuals across the US. Though the $1,400 hit many bank accounts soon after the American Rescue Plan went into effect in March, the agency has also faced delays as it determines eligibility and adjusts details to process payments. If your third stimulus payment never arrived, read on for how toand .
In some cases, the IRS may've based a third payment on a person's 2019 tax return but then, after processing his or her 2020 tax return, determined the person was eligible for a larger check. A "plus-up" adjustment is then made for those who received less money than they actually qualified for. This extra money is welcome, as millions of folks continue to struggle financially through the pandemic and asin 25 US states.
Though many experts say a fourth stimulus check is unlikely, another round of stimulus aid will be coming to families across the US next month through the expanded child tax credit. We can also help youyour upcoming child tax credit payments, tell you and explain the two landing in your mailbox. As for other personal finance news, the IRS is issuing to millions. This story gets updated regularly.
Weekly rounds of stimulus checks and plus-up payments
Since March, the IRS has made 169 million stimulus payments with this third round of checks, for $395 billion. That includes the latest wave of 900,000 checks for a total of $1.9 billion to those who recently filed a tax return, allowing the IRS to determine they were eligible for a payment. The IRS also sent a batch of 1.1 million, for more than $2.5 billion.
What are plus-up stimulus payments? Depending on which year's tax form the IRS used when it did the math on your third payment, the IRS may have calculated the amount of the payment using an older tax form instead of your 2020 filing. If this is your situation, once the IRS receives your 2020 tax return andagain, you could be due more money based on information from your current filing -- or other factors if you .
The IRS said it's automatically sending these plus-up payments if it needs to square up the amount it owes you, but to double-check the math, you may want to confirm how much money you should expect this stimulus round and then track your payment.
Use Get My Payment tool to track your stimulus check online
With the IRS Get My Payment tool, you can get a daily update on your payment status. The online app can also alert you with a message if there's a that you may need to address. Another option is to create an online account with the IRS, if you haven't already.
If you are sent a plus-up payment after your 2020 tax return is processed, the amount of your third payment will no longer show up on the tool, according to the IRS. In that case you will only see the status of your plus-up payment.
If you expect your payment to come in the mail, you can use a free tool from the US Postal Service to.
What may be holding up your stimulus payment
Here's some information onwith your stimulus check and other problems you might encounter.
- There was a and you need to claim an adjustment or wait for a .
- You receive
- Your check is stuck in the mail. (
- You may not receive money for , including a or .
- The IRS based your and you're owed money for your or .
- You may be a to claim dependents.
- Your stimulus check was deposited in a .
- You to send a check.
- Your payment may be .
- You accidentally .
Stimulus check delivery start and end dates
|First direct deposits made||March 17 (official)|
|First paper checks sent||Week of March 15|
|First EIP cards sent||Week of March 22|
|First Social Security, SSI, SSDI payment sent||Weekend of April 3, most arriving April 7|
|First plus-up payments||Weekend of April 3|
|VA benefits for veteran nonfilers||Week of April 14|
|IRS deadline to finish sending checks||Dec. 31, 2021 (mandated by the bill)|
|Last date to receive a check||January 2022 (if mailed checks sent late December)|
|Final claims for missing stimulus money||2021 tax season likely (in 2022)|
If your third stimulus amount is less than you expected
The IRS isn't particularly big on communicating how much money it calculates for your stimulus check. You won't find that figure in the agency's online tracking tool, but you will see it in theyou'll receive in the mail. (And here's why you .)
So what happens if you use ourand notice the numbers seem way off, or the IRS letter quotes an amount you didn't receive? Start by triple-checking your to make sure you're eligible for the total you expect. Remember the IRS is automatically sending after the agency receives your 2020 tax return. If you or otherwise added a in 2020, you won't need to file an amended tax form to claim the supplement.
The IRS could open up claims for missing stimulus money before its Dec. 31 deadline to stop sending checks. If not, you might have to wait a year to claim it -- when you file your 2021 taxes in 2022 (even if you're a).
If you didn't get the full amount for the first two stimulus checks
Plus-up payments are going out weekly along with the third round of checks, but they may not be the only money you're due. For money missing from the first two checks, you need to claim that on your 2020 taxes. We suggest making sure you know where to Recovery Rebate Credit for claiming missing money from the .. You may be eligible to claim the 2020
Also, last week, the IRS launched a new online for non-tax filer families called the "Non-filer Sign-up Tool." Its purpose is to help eligible families who don't normally file a tax return enroll in the monthly child tax credit advance payment program, which is slated to begin July 15. However, the tool is also for those who did not file either a 2019 or 2020 tax return and did not use the previous non-filers tool last year to register for stimulus payments.
In other words, individuals who experience homelessness or make little or no income can use this tool to enter their personal details for the IRS to receive the $1,400 stimulus checks or claim the recovery rebate credit for any amount of the first two rounds of payments that might have been missed. Taxmay need to be proactive about claiming a , too.
Notify the IRS of an issue with your stimulus check
The IRS doesn't want you to call if you encounter a problem with the delivery or amount of your stimulus check. So what to do instead? Our guide walks you through, including checks that never arrived (try ), direct deposit payments that went to the wrong account and other issues.
What to do with the IRS letter on the third stimulus payment
Hold on to that IRS letter that confirms your stimulus payment, including the amount and how the IRS sent your money. That letter from the IRS -- Notice 1444-C -- is your proof that the IRS sent a payment in case you don't actually receive it or if you received less than and need to claim the missing amount later. Here's more on .
What to know about 2020 tax returns and stimulus payments
Taxes were due May 17. So how will the IRS figure out how much it owes you? It willbased on the most recent tax filing it's processed when tabulating the amount of your stimulus check.
If you know your tax return was already processed, the amount of your stimulus check will likely be based on your 2020 adjusted gross income, not on your 2019 AGI. That presents complications if the difference between the two years.
On the flip side, if the IRS uses your 2019 taxes and you're owed more money based on your 2020 AGI and dependents, you could get a. If you got more than you're owed, you'll only need to in some cases.
Timeline for stimulus checks this year
Most of the third stimulus check payments have gone out from the IRS and US Department of the Treasury, based on the information the IRS has on hand to determine payment amounts. The, however, gives these federal agencies until Dec. 31, 2021, to send out all the third checks. That gives the IRS room to process 2020 tax returns and square up payments for those who are owed , folks who filed for a and other groups, like or don't have a fixed address (such as people experiencing homelessness).
Stimulus check payments made to date
||Direct deposit||Paper checks||EIP Card||Direct Express Card||Plus-up|
|No. of payments March 17 to May 12||137.3 million ($331 billion)||21.8 million ($48.4 billion)||5 million ($11 billion)||3.1 million||4.1 million ($7.5 billion)|
|No. of payments May 19 and 26||900,000 ($1.6 billion)||900,000 ($1.9 billion)||-||-||900,000 ($1.6 million)|
|No. of payments June 2 and 9||1.2 million ($2.2 billion)||1.1 million ($2 billion)||-||-||1.1 million ($2.5 billion)|
Update on a possible fourth stimulus payment
Millions have been clamoring for recurring stimulus payments, and some lawmakers have expressed support for more relief aid through the pandemic. But President Joe Biden hasn't pledged support to a fourth check, focusing instead on his proposed American Families Plan and American Jobs Plan.
In a press conference on June 3, White House press secretary Jen Psaki played down the possibility of a fourth stimulus payment, asserting that the administration has already put forward an economic recovery plan. We'll continue to follow the debate in Washington over.
What SSI, SSDI recipients and veterans should know
and people who get are also receiving stimulus checks from the IRS and Treasury. Delivery details should be available in the Get My Payment tool.
You might get your stimulus money by direct deposit to existing Direct Express cards if this is how you normally receive benefits, and if you didn't file taxes in 2019 or 2020. Otherwise, the money could come in the mail. (Here's so you know it's legit.) The SSA says that Social Security beneficiaries like SSI and SSDI groups will not receive an EIP debit card.
Other exceptions and rules regarding stimulus aid
Stimulus checks aren't necessarily a one-size-fits-all situation. Here are guides for:
- Households with , including new .
- People who .
- People who aren't sure if they're qualified to receive .
- People who don't normally pay taxes ( ).
- Families with .
- Families with .