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IRS will send $ 600 incentive checks for another week. Here’s when yours will come



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For many, receiving a second stimulus check before January 15 will be a race against time.

Sarah Tew / CNET

In a spin on the initial stimulus check, the IRS and the Treasury Department have nine more days to clear all Incentive Payments of $ 600 they can. That’s when they hit a January 15th deadline to stop paying direct deposit, paper checks and EIP cards. (If you want to get an idea of ​​what to expect, try our stimulus check calculator to estimate your total.)

While the IRS has reportedly sent two-thirds of the incentive checks via direct deposit, some issues have been reported and millions of payments are expected to come by mail as well. If you qualify for the second check for $ 600, that means you have a little more than a week to spare for you second stimulus check to arrive. So what if you don’t get your money before the mid-January close? To begin with, you can track the status of your stimulus check and follow your paper stimulus check or EIP card to your mailbox.

We’ll also explain more about the IRS deadline, direct deposit, and what to do if you don’t receive your second stimulus control shortly after January 15th. While you’re here, you can learn more about the IRS formula for your stimulus total, and a possible third stimulus check. This story was recently updated.

What happens to second stimulus payments after January 15th?

The new $ 900 billion in stimulus legislation sets January 15 as the cut-off date for sending incentive payments. If you don’t have your full second stimulus check money by then, you must claim all or part of the missing amount when you file your federal tax return in this year as a Refund Discount. You can also claim any money the IRS still owes you from the first round of checks as credit.

Some people who received their incentive payment via direct deposit have run into a problem. If you experience any problem or delay using one of the three payment methods, this means you have to wait to file a claim – and take the extra step to do so.

Tying of the delivery of a second stimulus check Tax returns for 2020 will almost certainly delay payment for many people, as a big difference in circumstances will result in some filing taxes as early as January and others not filing taxes until April 15, or even later if they have to file for deferment. It is also not clear how quickly the IRS would process payments as a Recovery Rebate Credit.


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Second stimulus checks: everything you need to know


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Direct deposits will continue this week

The IRS sent the first direct deposits on Dec. 29 and said payments will continue this week.

While Eligible Persons You don’t need to do anything to receive the second payment – provided the IRS has already recorded your bank or mailing information – there’s also not much you can do to influence receiving a direct deposit via a check mailed. For example, you cannot register a new direct deposit account with the IRS or correct bank information on file if you have closed an account. If the IRS can’t deliver your payment, then you need to claim your taxes.

EIP cards and paper incentive checks are in the mail, but will some miss the deadline?

If the IRS does not have your current direct deposit information on file, payment will be sent as a check or EIP debit card in the post – they started going out on December 30th. It’s not clear whether the IRS has time to process all tens of millions of payments by January 15. The IRS was able to process between 5 and 7 million a week with the first stimulus check, according to a June government report.

Some payments may not meet the January 15 deadline. Here’s how you can track your status with the IRS and follow your second stimulus check to your mailbox, free of charge, to set your expectations and avoid accidentally throwing it away.

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How you get your second stimulus check can also affect how quickly your payment comes in.

Sarah Tew / CNET

What is an EIP debit card and what if you get one?

The IRS said to speed up delivery, it will make some payments with one Economic impact Payment prepaid debit card and notes that some people who last received a paper check may receive a debit card this time, and some people who last received a debit card may receive a paper check.

The IRS warns that those who qualify but do not receive a direct deposit should do so Check out their post for a check or EIP debit card. The debit cards will come in a white envelope with the seal of the United States Treasury Department, the IRS said.

Here are two ways to keep track of your $ 600 stimulus check

The IRS has reopened it online Get My Payment tracking tool with information about the second payment round. With the free to use portal, those who qualify for a check can see the status of both the first and second payment. The website is available in English and Spanish. You can also create a free tool from the USPS to track the movements of your check to your mailbox.

How long will it take to receive your new payment?

People who use their second stimulus check in the mail – either as a paper check or a prepaid debit card – should be looking for a payment at any time from now until January 15th. According to the Treasury, 22% of payments as of last summer were made by paper checks and another 3% by prepaid debit cards.

After January 15, it will have to claim all the money the IRS owes you with your 2021 tax return. This can further delay your stimulus control, as the timing depends on:

  • When filing your taxes for 2020, the deadline could be April 15, unless you are applying for an extension.
  • How long it takes for the IRS to process your tax return, which may include your second incentive check.
  • If there are any complications in your particular scenario that could further delay your check.

We keep an eye on the situation, which is constantly evolving. Here’s how now calculate your estimated total for up to $ 600 per person.


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