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Home / Tips and Tricks / Would you like your third stimulus check sooner? Try these things before it’s approved

Would you like your third stimulus check sooner? Try these things before it’s approved


You can try to speed up your payment by making sure you have everything in order before finalizing the new incentive invoice.

Sarah Tew / CNET

Congress is working on it $ 1.9 Trillion Incentive Bill, and the third stimulus check in front of up to $ 1,400 per person that would accompany it, was enacted into law in mid-March. That means you’re running out of time to make sure you’re on track for it new payment when it is sentOnce approved, it goes straight to the Senate for a vote and then passes to President Joe Biden to sign the bill. So what do you need to do to prepare? Use this tax season to tie up loose ends.

If you miss the incentive money from the first two payments, you will need to get a Credit for chargeback discount when you Submit your taxes for 2020 to receive your payment. To ensure a faster delivery of payments, set up direct deposit with the IRS and file your taxes electronicallyWe will explain more below.

Keep reading for our recommendations on what to do to overcome any hurdles before sending a third stimulus check. Also keep in mind that a the third check could be more ‘targeted’, which means you could qualify for more money or less) for your family. This story is regularly updated.

Set up an instant deposit when filing your taxes

Set up a direct deposit account that links directly to your bank account when you file your 2020 tax return will benefit you in two ways. You will get your tax refund (with your Recovery Rebate Credit added for your missing stimulus money) faster. The IRS has said the best and fastest way to get your tax refund is to have it electronically deposited into your bank account for free. You can set up a direct deposit in up to three different bank accounts if you want to split your tax refund between them.

If you set up a direct deposit and submit your declaration electronically to tax software such as TurboTax, you can also expect a faster refund than if you print and send your tax return. The IRS said it expects nine out of ten taxpayers to receive their refund within 21 days of filing electronically with direct deposit, if there are no issues with their tax returns.

Including information about your direct deposit on your tax return has another benefit: When a third stimulus check has been approved, direct deposit people who set up through the IRS usually are one of the first in line to get their money, unlike those who are sent a check or a EIP cardHere’s how much incentive money you could get with a check for $ 1,400

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Make sure the IRS and USPS have your correct address on file

If you have moved after filing your 2019 tax return (or at any time during the corona pandemic), you need to do two things to ensure that your stimulus check and other important payment information can reach you: Tell the USPS and IRS where you went

You must tell them your new address, even if your new location is temporary – you can always update your information when you move again. Even if your first or second payment has arrived via direct deposit (meaning a third party payment would likely happen as well), you still want to make sure your address is current so you can receive the IRS letter to verify when your payment was sentIf the letter arrives but your money doesn’t, you don’t know you need to solve a problem, which you probably will requesting an IRS payment track(If you lose the letter, here’s how to get the information it contains.)

Here is how to change your address with the USPS and IRS


Is everything ready before a new check is official? Now is the time to act.

Angela Lang / CNET

Make sure your bank account information is correct

If your bank status changes, or if you’ve closed the bank account that the IRS has registered for you, you can delay receiving your incentive payment – possibly return the payment before it ever reaches you.

The IRS said it has a number of ways to find your bank information. That includes getting your 2019 tax return (and probably your 2020 return when you file it), from the IRS ‘Get My Payment app or Non-Filers Tool if you used it last year or from another federal agency that uses your bank details to provide benefits, such as the Social Security Administration (if you receive SSDI or SSI benefitsBut if that information is out of date, the bank will return the payment to the government, giving you a Credit for chargeback discount to get that money back with your tax refund.

If you don’t have a bank account, want one, and aren’t sure where to start, 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.

File your taxes now if you need to claim missing incentive money

If you are one of the millions of people who have not received the incentive money what you were eligible for in the first or second round of payment you can claim that money from your Federal Tax Return 2020 have a Credit for chargeback discount (estimate how much you may owe by using CNETs stimulus check calculators for the second and first paymentsFrom them started processing returns on February 12, and many people received their refunds via direct deposit already on February 19. The deadline for filing your federal income tax is currently April 15, but that could be extended until July 15 again.

We advise file your taxes as early as possible, and set up a direct deposit with the IRS if you do that. Doing both of these things will not only help you get your tax refund faster with that missing incentive money, but it will also increase the chances of getting your third stimulus check rather, mainly because the on schedule to be passed during tax season Here’s how to track your tax refund after you submit the file.

For the first and second payments, make sure that you are actually qualified to receive the money

This currently applies to the second stimulus check. Not everyone was eligible for a second stimulus check, like some of the eligibility rules changed after the first round. It’s likely that the rules will change again as one third check is approved

This is who qualified for the second round, based on your total income about your taxes in 2018 or 2019:

  • If you are a single filer making less than $ 87,000
  • If you register as the head of a household and earn less than $ 124,500
  • If you apply with your spouse and earn less than $ 174,000

However, there were many exceptions and rules depending on your situation, and the same is true for a future third-party check (you can find a more detailed list of stimulus check qualifications here


Your second check could not be confiscated to pay back child support.

Sarah Tew / CNET

Can the IRS check my stimulus for debts I owe?

You can use most of your incentive money however you want. But there are certain exceptions, especially for anyone claiming money as a tax credit.

Below the CARES Act (that’s what the first stimulus check set up in March), if you put in more than $ 150 child benefits in arrears (called arrears), your state may have reserved the right garnish all or part of your first stimulus check based on how much you owe. However, the second stimulus check, which was approved in December, could not be accepted for child benefit arrears. This change was well known by federal and government agencies. Read more about how child support here affects stimulus controls

The first stimulus check allowed private banks and creditors to seize a payment to cover outstanding debts. However, some states, such as California, have issued orders prohibiting banks and creditors from decorating your stimulus check. With the second incentive check, your payment was protected against bank seizure and against private creditors and collection agencies according to the text of the law. However, individual banks could choose to use that money to cover overdrafts, and this protection does not apply to the Credit for chargeback discount

A third stimulus check would follow the same protocol if this current proposal (pdf) is passed into law.

For more information, read what your stimulus check might look like if you receive SSI or SSDI if you have dependents if you are a young adult or if you are over 65 or retired

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