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Home / Tips and Tricks / If Trump signs a second $ 600 incentive check, will you get your payment first or last?

If Trump signs a second $ 600 incentive check, will you get your payment first or last?



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Will you be first in line for a stimulus check, or last?

Angela Lang / CNET

The way to one second stimulus control has grown even rocker, but instant payment has a few more chances to come your way. If Trump, who is now celebrating Christmas in Florida, signs the joint funding / COVID-19 bill In the next week, it is possible to predict when the IRS can start issuing stimulus payments and who would get them first – and last. (And here’s who cannot qualify now.)

We’ll tell you what you need to know about the priority payment order we expect to see from the IRS, but first let’s make sure you’re up to date with the latter. The Senate approved one Bipartisan stimulus package of $ 900 billion right away second stimulus control worth up to $ 600 on Monday evening. The next day, President Donald Trump asked Congress to increase the stimulus payment in the COVID-19 emergency to a maximum of $ 2,000 per person (although it’s unclear how much would be set aside for it). dependent persons).

The next step is for the House of Representatives to vote on a standalone $ 2,000 bill Monday, but it is not expected to be passed by the Senate. When an invoice is signed, it becomes second stimulus control will be broadcast in waves (calculate the total of your $ 600 stimulus check), so some people will get them days, weeks, or possibly even months after others. Read on to understand the different priority payment groups used by the IRS. We recently updated this story.

First, people who filed a direct deposit with the IRS

People who use their direct deposit information registered with the IRS, or who quickly provide that information when and if the IRS registration opens it again, are expected to be in the first group to receive a stimulus check. Wire transfer is faster and more efficient than sending a check, so this group got their first payment much faster.

read more: A third stimulus check in 2021? This is why January’s new convention could be key.

“The good news is [direct deposit] is a very, very quick way to get money into the economy. Let me stress: people will see this money early next week, ”Mnuchin said on Monday during a phone call with CNBC.

For the first stimulus check, the IRS took 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 to eligible recipients by direct deposit. People were encouraged to sign up for direct deposit through May 13 to receive their checks faster than by mail. Some have been there holdups with the tool or with their personal situations, but overall this was the fastest method.

Here are ways you can help speed up the delivery of your next checkincluding what we now know sign up for direct deposit.


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Following stimulus checks: what to expect


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Social Security Beneficiaries: Two Important Scenarios to Know

On the first stimulus payment, many people who receive Social Security benefits, who also had direct deposit information registered with the federal government, received checks in the first week, but not always on the first day.

The IRS had a separate information section for people that receive SSDI and SSI. 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 paper check.

Why delivery times for paper stimulus checks can be delayed

With the first batch of payments, the IRS began sending out checks about a week after people with direct deposit information were on file. 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 people with an adjusted gross income, or AGI, is less than $ 20,000, and then moving to people whose AGIs are getting bigger and bigger.

The IRS has said it sent a total of 160 million economic impact payments on the first check, meaning it took months to distribute paper checks to each eligible recipient. In fact, the IRS is finishing its distribution this month. Anyone who has not received a full or partial payment will early 2021 during the tax season.

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When you get your incentive money it may depend on who you are.

Sarah Tew / CNET

Emailed EIP cards were last on the list for the first stimulus check

Economic impact of payment cards are prepaid Visa cards that the IRS mailed 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 them difficult for the recipient to identify, but also less likely to be stolen by postal fraud. It’s unclear whether the IRS would keep the same EIP card delivery schedule with a second stimulus check.

People with more complex situations can wait the longest

This category includes people who received a check, or who have not yet received their full incentive payment, after June didn’t know they had to go the extra mile.

Direct payments will be finalized at the end of December. This is what could be there withhold the delivery of the stimulus check for some people and how to contact the IRS to report a missing, lost, or stolen check. You may be eligible to claim a catch-up allowance from the IRS, called a Recovery Rebate Credit, in the 2021 tax season.

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Understanding your stimuli priority group can help you determine your expectations about the next check.

Angela Lang / CNET

If you haven’t received your full payment from the first payment, what happens?

It’s not always clear how much money the IRS owes you in the event of an error. We recommend starting with our stimulus check calculator and this introduction how the IRS gives your total sum in tabular form. 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 missing the $ 500 allotted for your dependent children, or you pay or receive child support? Are you a taxpayer non-applicant who may be due a stimulus check (including older adults and people who Receive SSI or SSDI)?

If you have a US citizen abroad or resident in US territory and did not receive a check as expected, you may also need to read the rules. And a new court ruling has made it possible for millions people who are locked up 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 how soon you could possibly get your next stimulus check.


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