Stimulus check in 2 phases: will your payment be made before or after the deadline?

IRS is sending $ 600 stimulus checks now, but if you don't receive the yours soon, you may have to wait.

Angela Lang /

There are two things you should know about the second stimulus check for $ 600. The first is that the IRS and the Treasury are almost done sending this batch of payments . In fact, about 80% of the total relief amount allocated for this cycle has already been sent, using the two main methods of aggregating IRS payments: directly to bank accounts via direct deposit and by email as paper checks and EIP debit cards .

The second thing to know is that there is a deadline of January 15th imposed by the text of the stimulus bill, for checks to stop coming out . With 20% of payments remaining in less than seven days, plus a major delivery problem so far , it is possible that your second dunning check might not meet the threshold - or you will need to claim a catch-up payment, called the Recovery discount credit , if you miss all or part of second stimulus check .

After confirming your receive a check for $ 600 , the The next step is to determine which payment group the IRS has classified you into. This will give you an idea where to look for your paid check up to $ 600 per person and what if you don't receive it before the start of the fiscal period . Read on for more details on the IRS ps payment group below, and here's where are things with a third stimulus check for $ 2,000 . This story is regularly updated with new information.

Direct deposit payments to your bank account

The IRS would have sent two-thirds of its $ 600 stimulus payments via direct deposit , which shows a clear advantage for people who receive an electronic transfer.onique of funds. Direct deposit is a faster and more efficient method of delivery than a mailed check, which means the IRS can process many more people faster. (Here is how to follow your second online stimulus check .)

There are two things to know, however. First, some have reported Problems with checks sent to the wrong bank account means millions of people haven't been able to receive their direct deposit stimulus payments after all. And the IRS Tracker will not let you subscribe ou edit your direct deposit info this time around.

If the IRS does not already have your bank information, you will have no other choice but to wait for mail . If there is a problem with your payment, you will wait to file a claim .

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Paper checks: incoming, but two things to know

Paper checks are on the way, at a much faster rate than the first time around - here's how you can follow your stimulus check in your mailbox . There are two more major limitations you should be aware of. First, the US Treasury can process between 5 and 7 million paper stimulus checks per week in addition to checks from other federal programs, according to a Government Accountability Office in June, which means some people will have to wait.

Second, there is the same January 15 that affects all payments. Thus, anyone who does not receive their check by the middle of the month will have to request it this year during tax season . If you recently moved , be sure to notify the IRS and USPS so you can get your stimulus check and confirmation letter from the IRS (you will need this if you need to file a complaint.)

After the cutoff, the time of delivery of your stimulus check becomes then a matter of how quickly you submit your taxes for 2020 and how quickly the IRS will be able to process your return. People who file in February will likely receive their stimulus check - in the form from a Recovery rebate credit - months ahead for people who wait until the April 15 deadline or file an extension.

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Where you get your stimulus money can depend on who you are.

Sarah Tew /

8 million EIP cards are on the way

EIP Debit Cards are prepaid Visa cards that the Treasury may send you instead of a paper check - the envelope will display the US Department of the Treasury seal, but be careful not to throw away your mail without checking carefully first (this a free tracker can you haveider ). The IRS and the Treasury have started sending approximately 8 million EIP cards, a change from the one-month delay in sending this type of payment the first time. The same rules apply to paper checks. If you don't receive yours around January 15th, you'll need to claim it as Recovery refund credit as part of your tax return this year.

Social security beneficiaries: When will you receive your check?

With the first stimulus payment, many people who receive social security disbursements and also had direct deposit information withfrom the federal government received checks the first week, but not always the first day.

For the second check, the IRS will automatically send the money by the way you regularly receive your benefits, such as direct deposit, Direct Express Card or section paper check .

Des more complex situations are already delaying payments

For the first check, this category includes people who received a check after June, who still have not received their full stimulus payment, or who didn 't know they had to perform an additional stepentaire .

For the second stimulus payment, people who can fit into this category could include those who have a banking problem with direct deposit , people who moved and still needs to notify IRS and USPS and miscalculations, such as people whose estimated payment did not match up with what the IRS sent.

It is also not clear what would happen if there was a problem during the Rebate Credit Recovery and the payment was delayed again. It is likely that the IRS would set a different deadline later to deal with clerical errors, like lack of stimulus money, and other scenarios. Here is 10 things that could delay your stimulus check .

What if you ran out of money from one or the other stimulus checks?

It's not always clear how much money the IRS might owe you if you make a mistake. We suggest you start with our second control of the calcu lator stimulus or the target calculator for the first veestimulus rification and this introduction to how the IRS calculates your total sum . If the numbers seem lower than they should be, you might want to dig deeper into your research.

See if any of these situations may apply to you: Are you $ 500 missing allocated to your dependent children , or do you pay or receive child support ? Are you a no -depositor to whom a raise testcould be due (including older people and people who receive SSI or SSDI )?

If you are a US citizen abroad or residing in US territory and not having received a check as expected, you may also need to inquire about the rules . And a court ruling made millions of targets possible incarcerated people to get a check even after the IRS change ged its iInterpretation to exclude this group.