With the third round of economic impact payments underway, more than 120 million stimulus payments have been sent either via direct deposit or by mail as a paper check or eip prepaid debit card. Of the first batch of 90 million $1,400 stimulus payments, about 150,000 were issued as paper checks and sent by the U.S. Postal Service. united states (usps). In its latest update, the Internal Revenue Service (IRS) announced last Wednesday that the second batch of $1,400 stimulus payments has already been processed and is ready to be shipped: 37 million payments for a total value of nearly $83 billion; 15 million payments have been sent as paper checks (total value of nearly $34 billion) and approximately 5 million prepaid eip debit cards (worth total of about $11 billion).
Follow the latest news on US stimulus checks. uu.
Over the next few weeks, the government will send additional waves of payments via direct deposit or by mail. The IRS updated the Get My Payment tool for the third round of stimulus checks, where you can track your payment.
could a fourth stimulus check happen in April?
irs finally receives information about stimulus check from ssa
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irs ‘get my payment’ tool provides stimulus check status and updates
the differences between an eip card and a stimulus check
why is your payment sent by post?
irs is trying to get all stimulus payments out fast and on time: the vast majority of payments have been automatically transferred to people’s bank accounts via direct deposit, but that method hasn’t It is always possible . If you haven’t registered for direct deposit with the IRS, haven’t provided them with all of your bank information, or the agency doesn’t have your current and valid bank account details, then you will most likely receive your payment in the form of a traditional paper check or, in some cases, an eip debit card.
this could be the case if your bank information the irs has on file is not accurate. if the irs sent you a direct deposit but there was some kind of error, the agency will send you a payment by mail to expedite it.This happened in the second round of payments when payments were sent to temporary accounts created by tax preparation companies for taxpayers. however, those companies are working to prevent it from happening this time.
how do you know if you will receive your payment by mail?
The easiest way to check your payment and when it should arrive is through the IRS get my payment tool, where you can track your payment. the tool will let you know how and when you will receive your payment. The IRS will continue to issue EIP stimulus payments throughout 2021. The IRS only updates the Information in the Get My Payment Tool once a day, typically over a two-year period. hours during the night, so refreshing throughout the day doesn’t give you any new information.
If your payment is mailed, you’ll want to keep a close eye on your mailbox. You can also use the free usps service informed delivery which lets you know what mail to expect. the get my payment tool will not tell you if you are getting a paper check or an eip debit card. to prevent people from mistakenly throwing away their eip cards thinking they did it through junk mail, the irs provided an example of what eip cards look like and the white envelope they’re mailed in p>
messages you can find in the get my payment tool
“I need more information”: The irs issued your payment but it was returned to you because the post office was unable to deliver it. You will need to update your information with the agency so they can reissue the payment.
If you want the IRS to send the payment as direct deposit, you can provide a routing and account number for a bank account, reloadable prepaid debit card, or other financial product. .
If your mailing address has changed, you can also notify the IRS of your new address. there are a few ways to do this:
- Include the new address when you file your 2020 taxes
- Use Form 8822, Change of Address or Form 8822-b, Change of Address or Responsible Party – Business and mail to the address shown on the forms.
- Send a letter with your full name, old and new address, social security number, personal taxpayer identification number or employer identification number, and signature to the address ir on your latest tax return.
“payment status not available”: This message appears when the IRS has not yet processed your EIP, the agency does not have enough information to issue you a payment, or you are not eligible for a payment.
Eligibility requirements for the third round of payments were stricter, so be sure to check if you’re eligible for a payment.people with adjusted gross income > above $80,000 and couples filing jointly who make more than $160,000 will not be eligible for any stimulus money.
third stimulus check: latest updates
You can get the latest information on the third stimulus check and updates on the possibility of a fourth direct payment by following our dedicated live blog.