However, if timing is everything and you think you’ve been waiting longer for your first check, we’ve got some suggestions that can help you get your. These tips are based on common issues that have delayed the first incentive payment for millions of people. If you tackle some of these potential roadblocks now, your may change, whatever your faster.
We explain more below. We’ve also created specific stimulation tools that can be helpful if you are, like you or stand on the . In case you’re wondering, here’s what we know about the possibility of one for 2021. This story has been updated with new information.
If you’ve moved, change your address with the IRS
If you moved to a new address after filing your 2019 tax return (or at any time during the), you need to do two things to ensure that your stimulus check and other important payment information can reach you: .
You should do this even if your new location is temporary – you can always update your information when you move again. Even when your first check came(meaning your second check probably would), you still want to make sure your address is up to date so that you receive the IRS letter verifying when your payment was sent. When the letter arrives, but your money doesn’t, you know you have a problem to solve.
To change your address with USPS, go to usps.com/move. To do this with the IRS, you have three options: fill out Form 8822, change your address over the phone, or notify the IRS in writing to “the address where you filed your last return” by your full name, your old and new addresses, your social security number, individual taxpayer identification number or employer identification number and your signature. (Find more detailed instructions at.)
Confirm that your bank details are up to date
If your bank status changes, you can. According to an analysis by the Urban Institute think tank, black Americans and other people of color are more likely to have “bank money” than white Americans. People who identify as white and whose income was above the poverty line were more likely to have received their first stimulus check by the end of May than those who identify as black, Hispanic, or below the poverty line, the analysis found, because the went to people who registered their bank account information with the IRS.
Several major banks, including Bank of America, JPMorgan Chase, and Wells Fargo, are now offering more affordable check-free bank accounts as part of a government-backed effort to help people enter the banking system.
Adid an initial check, based on your . If you are a person without a bank account and your first payment came in by mail, check or , a second will probably come in the same way.
Prepare to set up a direct deposit with the IRS
If you bank with a financial institution, you should soon be able to use the IRSonline service to , and find out the status of your check and see . The initial May deadline to sign up for direct deposit for your first check has passed, but will likely reopen when and if a second check occurs. Here’s everything you need to know .
Complete this form if you did not have to file a tax return in 2018 or 2019
People who earned below the threshold to file federal income tax returns in 2018 or 2019 were not given an incentive check unless they(this group includes low-income families and children and a disproportionate number of black people and people of color).
If your first check is, you unfortunately missed the nonfilers deadline of November 21, . (You can You should also complete the non-affiliate form so that the IRS has your information on file when a second check is approved.
If you have overdue child benefit, pay it off as soon as possible
If you spend more than $ 150 in(so-called arrears), your state may reserve the right to based on how much you owe. This can also be the case with a second stimulus check. If possible, you should pay any child support overdue as soon as possible to ensure you get your full stimulus check, as well as any possible payment for your child.
If you owe child support, you can receive money from your child’s other parent, although it may take a while to get to you after it has been processed by the state. Read more about.
Sort your tax papers. Yes really
like you(that was on October 15), you can still submit late. There is no penalty for doing this if you owe a refund, but if you owe the IRS money, starting July 16, 2020, you will be subject to penalties and interest for any remaining unpaid taxes, along with a $ 300 file penalty for non-compliance .
However, if you owe federal taxes or have other federal debts, theto cover those – the only exception is if you owe child support. For those who don’t file taxes, however next year, you can declare your payment on your 2020 tax return. (Important caveat: if you have filed a tax refund for 2019, don’t use the nonfilers tool even if you weren’t required to do so as that will slow down processing your declaration and any refund.)
Make sure you qualify for a stimulus check
. Most common requirements for receiving a first stimulus check under the March would probably hold for a second, including certain income limits.
This is who qualified for the first round,on your taxes for 2018 or 2019:
- If you are a single filer making less than $ 99,000
- If you register as the head of a household and earn less than $ 146,500
- If you file with your spouse and earn less than $ 198,000
However, there are many exceptions and rules depending on your situation (you can get a more detailed list of). Find out what your stimulus check might look like , , or .