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Home / Tips and Tricks / You missed the deadline for direct deposit of the IRS stimulus. This is what is happening now

You missed the deadline for direct deposit of the IRS stimulus. This is what is happening now



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On Wednesday, the IRS said it stopped collecting bank data for direct deposit of stimulus checks.


Angela Lang / CNET

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If you meet the requirements to receive a stimulus check, the IRS still sends out payments up to $ 1,200 per person as part of a $ 2 trillion economic aid package to address the hardships caused by the coronavirus pandemic . Until last week, you could set up a direct deposit account with the IRS that would send your payment directly to your bank account.

But now the IRS no longer accepted new direct deposits – May 13 was the close. That means you can't have your coronavirus stimulus check transferred to your bank account electronically if the IRS didn't already have that information on file. But do not worry. You can still receive your check by US mail, without having to do anything. We will give you some basic information on how to receive your payment and explain how to track the check in two different ways.

If you are looking for more help with paying bills, here's what we know about unemployment insurance what to do if you lose your job and how coronavirus affects rent and car payments . And here's what we know about a potential second stimulus check . This story is often updated with new information.


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How will my check arrive by post or direct deposit?

Now that the IRS says it will no longer accept direct deposit information, the federal agency said it will continue to transfer relief money to bank accounts and focus on sending paper checks, which should arrive in late May and June . Here's how to find out if you're receiving a check by mail or directly to your account if you haven't set up a direct deposit using the Get My Payment tool.

If you filed tax in 2018 or 2019 and include direct deposit information: You're all set. The IRS should automatically deposit your check into the bank account you provided with your tax return.

If you filed in 2018 or 2019 but did not include direct deposit information: The IRS will email you your payment

If the bank account you put on your tax return is not more active: The IRS will automatically send your check to the last address it has for you.

If you entered your bank account details last Tuesday: The IRS said your payment date should be available in Get My Payment on Saturday.

If you entered your bank details after Tuesday and before 12:00 ET on Wednesday: Your payment date must be available from next Saturday.

When will I receive my check?

The IRS said it will make payments for the rest of 2020. If you don't receive a payment this year – or if you should receive a larger payment than you received, for example, because of a new child – the IRS said you can claim your allocated stimulus money next year by filing a 2020 tax return.

Hopefully you get your payment much faster than that. You can use the Get My Payment portal to see your payment schedule .

Note that the IRS sometimes even sends you a check by mail, even if you manage to enter your bank details because the payment has already been processed. The IRS said it can take up to 14 days to receive payment if this is the case.

Will there be a second round of stimulus checks?

While many US residents are still waiting for their first payments, the House of Representatives awaits May 15, which has passed legislation for additional economic aid, including a second coronavirus aid check for up to $ 1,200 per person and $ 6,000 per family. However, it is far from law.

For more, here's what we know about a second round of stimulus checks how best to use your stimulus check and ] how to avoid getting scammed .


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