This week, the IRS sent out another batch of third stimulus payments. We’ll tell you more about the rules, timelines and other details if haven’t seen that money yet.
The IRS announced on May 26 that it had disbursed an additional $1.8 million in stimulus payments and that it will continue to issue the $1,400 checks on a weekly basis to those who qualify. If your money wasn’t in the mail or deposited into your account in this latest round, you can use an IRS tracker to see what could be delaying your money.
The IRS is also sending ongoing supplemental “plus-up” payments to those who qualify under the American Rescue Plan passed in March. That most recent stimulus package included the enhanced child tax credit for families and a tax exemption for individuals who received unemployment benefits in 2020 during the pandemic.
If you need to report a stimulus check problem or file a payment trace, we can help. If you have dependents, we can help you calculate how much you’ll receive in child tax credit payments and tell you more about the upcoming IRS portals. We’re also trying to follow the debate over a possible fourth stimulus payment. And here’s how to check if an employer owes you back wages. This story is updated regularly.
What’s the deal with the third stimulus checks and plus-up payments?
The IRS has recently sent two batches of payments for more than $3.5 billion: $1.9 billion asin the mail and another $1.6 billion as to bank accounts. These batches also included 900,000 payments for $1.9 billion to eligible individuals the IRS didn’t have information for and who recently filed a tax return, along with two more rounds of for $1.6 billion.
What are plus-up stimulus payments? Depending on which year’s tax form the IRS used when it did the math on your third payment, the IRS may have calculated the amount of the payment using an older tax form instead of your 2020 filing. If this is your situation, once the IRS receives yourand again, you could be due more money based on information from your current filing — or on other factors if you .
The IRS said it’s automatically sending these plus-up stimulus payments if it needs to square up the amount it owes you, but to double-check the math, you may want to confirm how much, and then .
How can the IRS tracking tool find your payment?
With the IRS, you can get a daily update on the status of your payment. The online app can also alert you with a message if there’s a that you may need to address. It can’t, however, give an update on your plus-up payment status from the IRS.
If you expect your payment to come in the mail, you can use a free tool from the US Postal Service to.
What if there’s an issue with your third stimulus payment?
The IRS doesn’t want you to call if you encounter a problem with the delivery or amount of your stimulus check. So what to do instead? Our guide walks you through ReadMore, including checks that never arrived (try ), direct deposit payments that went to the wrong account and other issues.
Source : cnet