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Home / Tips and Tricks / You missed the IRS stimulus direct deposit. Do not worry. This is what is happening now

You missed the IRS stimulus direct deposit. Do not worry. 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 qualify for a stimulus check, the US government still pays up to $ 1,200 per person as part of a $ 2 trillion economic aid package to deal with the hardships caused by the coronavirus pandemic . Until last week, the IRS had people set up a direct deposit account that would send the payment directly to their banks.

However, the IRS no longer accepted new direct deposits on May 13. That means you won't be able to electronically transfer your coronavirus stimulus check to your bank account 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're looking for more help with paying bills, here's what we know about unemployment insurance what you can do if you lose your job and how you take control of your budget . 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 12:00 PM 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 stimulation checks?

While many US residents are still waiting for their first payments, House Democrats on Tuesday proposed proposed additional economic relief legislation, including a second coronavirus relief check for up to $ 1,200 per person and up to $ 6,000 per family.

For more information, 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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