Time is nearly up for the IRS and US Treasury to send the. After Friday, they will be required to stop automatically issuing checks based on information . Don't worry yet -- that does not mean your payment won't arrive, and the . While the agencies have been moving quickly to send payments, there may be that for one reason or another don't get or distributed by the Treasury in time for the .
It might be that some stimulus payments willand have to be returned to the IRS and eventually rerouted. Or maybe some other issue is holding up delivery. So and don't get your payment by the end of next week (we'll allow some ), there are some things you'll want to understand, like how the deadline could push the delivery date far behind if you
We'll also explain what you need to know about receiving a stimulus payment through, and . We'll also go over how a delay could affect the second stimulus timeline from here. Here's how to , follow and what we know about a for . This story was recently updated.
Why is there a Jan. 15 stimulus check deadline?
The writers of the legislation didn't explain why they chose a, but that only gave the IRS and Treasury a total of 17 days to send out over 100 million stimulus checks. That's two days less than the time it took for the IRS to begin sending the first stimulus check after that bill passes in March (it was 19 days, for the record.)
, which heavily involves both the IRS and Treasury, typically begins in mid-to-late January and continues through April 15, and may be a factor in the Jan. 15 deadline.
What will the stimulus check delivery timeline be if my payment doesn't make the cutoff?
If you don't receive your fullshortly after Jan. 15, it doesn't mean you're out of luck claiming your rightful stimulus money. But it does mean your payment could be delayed by months.
That's because you'll need to take the extra step of claiming all or part of the missing amount when you file your federal tax returns this year as a. You'll also be able to claim any money the IRS still owes you from the first round of checks as part of the credit.
Some people who received their stimulus payment through direct deposit have run into problems. If you experience with any payment method -- again that's , and -- it means you'll have to take the extra step of filing a claim.
It isn't entirely clear how quickly the IRS would process the, but the process of making a second stimulus check dependent on the 2020 tax return will almost certainly delay the payment for many, especially since circumstances mean some people will file taxes as early as January and others as late as April 15, or even later if they need to request an extension.
How can I track my $600 stimulus check?
The IRS has reopened itswith information on the second round of payments. With the free-to-use portal, can see the status of both the first and second payments. The website is available in English and Spanish. You can also use a to follow your check's movements to your mailbox.
Can direct deposit payments still arrive through Friday?
The IRS sent the firston Dec. 29, and as far as we can tell, the IRS and Treasury are continuing to process bank account transfers. People who have that aren't resolved by Friday need to .
While mostdon't need to do anything to receive the second payment -- provided the IRS already has your banking or mailing information on file -- you also can't sign up for direct deposit or do much to correct your banking information on file if you closed an account. If the IRS can't deliver your payment, you'll need to claim it on your taxes.
Could I still get my paper checks or EIP card next week?
If the IRS doesn't have your current direct deposit information on file, it will send the payment as a check or government report from June.in the mail. It isn't clear if the IRS has time to deliver the tens of millions of payments before Jan. 15 in such a short window of time. For example, the IRS was able to process between 5 and 7 million a week with the first stimulus check, according to a
Since the USPS moves slower than direct deposit, it's possible that your check could still come in the next couple days if it's already in transit or goes out today. Here's how you canand , for free, to set your expectations and to help prevent you from accidentally throwing it away. If you've .
Why might I get an EIP card instead of a paper check?
The IRS is making 8 million payments through an, the agency told CNET in an email. That's twice the number that was sent for the first stimulus check. Even if you got paid with a paper check the first time around, many more people might receive a debit card this time. On the flip side, some people who received a debit card last time may receive a paper check.
The IRS warns that those who are eligible but don't receive a direct deposit should. The debit cards will arrive in a white envelope that displays the US Department of the Treasury seal, the IRS said.
What's the longest I might have to wait for my $600 stimulus check?
People who will receive their-- either as a paper check or a -- should look for a payment anytime from now through Jan. 15. According to the Treasury, 22% of the payments as of last summer were made as paper checks and another 3% as .
After Jan. 15, you will have to. That could further delay your stimulus check, since the timing would depend on:
- When you file your 2020 taxes -- the deadline could be April 15, unless you file for an extension.
- How long it takes the IRS to process your tax return, which may also include your second stimulus check.
- If there are any complications that arise in your specific scenario that could further delay your check.
While the second stimulus check is starting to wrap up, a-- possibly for -- is currently under discussion. Here's every way a .