Even if Congress approves a new direct payment this weekend,instantly. In comparison, there are still people nine months later . By studying the IRS’s distribution schedule for initial checks, we can guess how long you may have to wait for your personal information arrive.
To quickly chart the current situation, Congress is looking at another direct payment that could amount to $ 600, which is half of the upper limit of $ 1,200 that each eligible adult was.
However, a few senators have pushed for a larger payment. Sen. Josh Hawley, a Republican, Sen. Bernie Sanders, an independent, tried twice on Friday and failed to get a vote for an instant payment of $ 1,200 (PDF). There is already talk of itto pick up what one . In the meantime, you can read what we know here.
Whenever another payment is authorized – and Congress is pushing for a vote on Sunday – you want to know where you stand in line to receive it. This story has been updated with new information.
First in line: People who filed a direct deposit with the IRS
People who already have themregistered with the IRS, or who quickly provides that information when and if the IRS registration opens it again, must be first in line to receive a stimulus check. Sending money electronically is faster and more efficient than sending a check, so this group got their first payment much faster.
For the first stimulus check, it took the IRS 19 days to build their online tool. On April 15, it sent the first batch of stimulus checks, and in the first week, it sent about $ 80 million payments toby direct deposit. People were encouraged to continue to register for direct deposit until May 13 to receive their checks faster than by mail. Some have been there or with , but overall this was the fastest method.
Here are ways you can help, including what we know now .
Social Security beneficiaries have a few scenarios
On the first incentive payment, many people who received Social Security benefits who also had direct deposit information registered with the federal government received checks in the first week, although not always the first day.
The IRS had a separate information section for people. Normally, people in these groups receive their federal benefits through a Direct Express card, although people in this group received their incentive payment through a non-Direct Express bank or a paper check.
Those who get physical stimulus controls
With the first batch of payments, the IRS began sending out checks about a week after people with direct deposit information entered our files. According to a June report by the Government Accountability Office, the U.S. Treasury can process between 5 million and 7 million paper incentive checks per week, in addition to checks for other federal programs.
The IRS and the Treasury Department said they began sending checks to, is less than $ 20,000, and then moving to people whose AGIs are getting bigger.
The IRS has said it sent a total of 160 million economic impact payments, which means it took months to distribute paper checks to each eligible recipient. In fact, the IRS is finalizing distribution this month. Anyone who has not received a full or partial payment will.
People who receive EIP cards in the mail
are prepaid Visa cards that the IRS has emailed to about 4 million people as of mid-May. If the IRS follows the same order of payment priority, this group may start to see their payment within a month of the first direct deposits made.
As with paper checks, the IRS could process 5 to 7 million EIP cards per week. Payments arrived in unmarked envelopes, making it difficult for the recipient to identify, but also less likely to be stolen by postal fraud.
People with more complicated situations
This category includes people who received a check after June, not yet received their full incentive payment, or who.
Direct payments will be finalized at the end of December. Here’s what could be therefor some people and to report a missing, lost, or stolen check. from the IRS, called a Recovery Rebate Credit, in tax season 2021.
Is there anything I can do if I still don’t have my full stimulus check amount?
It’s not always clear how much money the IRS owes you in the event of an error. We recommend starting with ourand this introduction . If the numbers seem lower than they should be, you may want to investigate further.
See if any of these situations might apply to you: Are you, or ? Are you a taxpayer (including and people who )?
If you have aand did not receive a check as expected, you may also need to read the rules. And a new court order has made it possible for millions to get a check even after the IRS changed its interpretation to exclude this group.
Depending on which group you’re in, we’ve also mapped out some speculative dates.