How to hunt down your $600 delayed COVID stimulus payment
RICHMOND, Va. (WWBT) - Are you still checking your bank account every day for that $600 COVID-19 stimulus deposit?
The IRS has now launched a “Get My Payment” online tracker, so you can monitor the status of your second stimulus payment or check. It’s a first step in tracking down your money, and fixing any problems holding it up.
The Get My Payment portal should allow you to see when and which account your first and second payments were deposited, or when and where they were mailed.
The IRS confirmed early in the month that there are some snags with the second round of COVID-19 stimulus payments. Direct deposits are bouncing back from some temporary bank accounts set up for customers who used tax prep services like H&R Block and TurboTax for last year’s return. Those stimulus payments were sent to temporary “pass-through” accounts, which customers can no longer access.
In the “Get My Payment” tool, you might even see your second stimulus check deposited into an account you don’t recognize. The IRS said in a statement that any financial institutions that wrongly received the stimulus checks, will return them to the IRS. The IRS will then reissue the payments to the correct accounts.
Also, keep an eye on your mailbox. You may get a check or even a debit card, instead. It will come in a marked envelope, with the U.S. Treasury Department seal, and may take up to four weeks to be delivered. Instructions on securely activating the card will be included.
Finally, if for any other reason you don’t get your payment, or the tracker tool is showing “Payment Status #2 – Not Available,” IRS officials say you should then claim the ‘Recovery Rebate Credit’ on your 2020 Tax Return. Look for the ‘Recovery Rebate Credit’ on the 1040 form.
More than 12 million people are potentially going to be delayed in getting their stimulus payments, according to NBC sources.
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