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The IRS only has a few days to send your stimulus check. Here’s What You Should Know


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

Sarah Tew / CNET

The US government is busy. On Monday, House Democrats were reportedly set to begin the trial to impeach President Donald Trump, and President-elect Joe Biden will do so on January 20 be sworn in. In between, the IRS and the Treasury try to strike a deadline of January 15th to finish sending all Incentive Payments of $ 600 they can – they actually move so fast that there are already been a big blunder. Then people qualify for a payment will have to claim their missing incentive money when they file their tax returns later this year.

Although the IRS has already made about 80% of this second batch incentive payments through direct deposit and the mail – with paper checks and EIP cards – that still leaves 20% of people waiting for their incentive money. Start with the practicalities: Monitor the status of your stimulus check, in connection your payment to your mailbox and calculating your stimulus total.

What is this IRS deadline now, what about direct deposit, and what do you do when you get your second stimulus control shortly after January 15th? Read more. (And while you’re here, this is the IRS formula for your stimulus total, and everything we know about one third stimulus check.) We recently updated this story.

Why is January 15th the stimulus check cut-off date?

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 trouble. If you experience any problem or delay using one of the three payment methods, this means waiting to make a claim – and taking 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. Nor is it 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


Direct deposits are coming to an end

The IRS sent the first direct deposits on Dec. 29 and said payments will continue throughout the week. It’s not clear whether the IRS and the Treasury Department will be done processing bank transfers by then – at least in the first round. People who have encounter problems with direct deposit will not be able to address them until tax season 2020.

While Eligible Persons you don’t have 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, you must claim it on your taxes.

EIP cards and paper stimulus checks: on the way, 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. If you recently moved, tell the IRS and USPS.


How you receive your second stimulus check can also affect how quickly your payment arrives.

Sarah Tew / CNET

You can get an EIP debit card this time instead of a check

The IRS makes 8 million payments through one Economic impact Payment prepaid debit card, the agency told CNET in an email. That’s twice the number sent for the first stimulus check. Even if you paid with a paper check the first time, many more people can receive a debit card this time. On the other hand, 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 arrive in a white envelope with the seal of the United States Treasury Department, the IRS said.

There are two ways to track your $ 600 incentive payment

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 use 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 search for a payment at any time from now until January 15th. According to the Treasury, 22% of payments as of last summer were made as paper checks and another 3% as prepaid debit cards.

You will have to after January 15th claim all the money the IRS owes you with your 2021 tax return. That could slow down your stimulus control further, as the timing depends on:

  • When filing your taxes for 2020, the deadline could be April 15, unless you request 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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