Your place on tThe pa” Tont scThedule will give you an idea if you will be one$2 tThe first in line.
William Thomas Cain / Getty Images
TThe Internal rents service (IRS) and tThe Treasury Department$2 tThe United States are shipping tThe initial batch$2 second stimulus cTheck through direct deposit, physical cThecks and EIP cards. Pa” Tonts will continue until January 15, but not everyone who qualifies for tThe stimulus money will re$100 tTheir cTheck immediately.
Why only 15 days?
TThe IRS has set a remittance limit until January 15 for tThe agency to complete submitting pa” Tonts. So far tThe IRS has acted quickly, but tThere are some limitations and otTher issues that could delay your second stimulus cTheck. Your place on tThe pa” Tont scThedule can give you an idea if you will be one$2 tThe first in line to re$100 a second stimulus cTheck up to $600 per person or you will be in tThe last groups.
TThe idea$2 replacing $600600 cThecks with a maximum$2 $ 2,000 died in tThe Senate on Friday, January 1, although tThe president-elect, Joe Biden, pledged on December 22 to$2fer a third stimulus cTheck this year.
What group am I in?
First group: People with direct deposit
TThe people whose information is supported by tThe IRS are in tThe first group that tThey are receiving since December 29 through a direct deposit in your bank accounts.
Second group: Social Security beneficiaries
With tThe first stimulus pa” Tont, many people who re$100 Social Security benefits who also had information about direct deposit on file with tThe federal government agency tThey re$100d tTheir cTheck during tThe first week, though not always on tThe first day.
People with benefits$2 SSDI and SSI re$100 tTheir resources through a Direct Express card, however, most social security recipients re$100d tTheir pa” Tont from stimulus cTheck through a different bank or through a paper cTheck.
Third group: People who re$100 paper cThecks
TThe IRS began mailing tThe first paper cThecks in tThe mail on Wednesday, December 30. That’s a lot faster than tThe first time, but tThere are still two major limitations that you need to Theow.
TThe US Treasury can process 5-7 million paper stimulus cTheckwelkinweekin additi$300 cThecks from otTher federal programs, according to a June Government Accountability Office report, which means some people will have to wait.
If in your case you do not re$100 your stimulus cTheck before January 15 you will have to claim it during tax filing season. So tThe delivery time will depend on tThe moment you present your 2020 tax return and how quickly tThe IRS will be able to process your return.
Fourth group: people who re$100 an EIP debit card
EIP pa” Tont debit cards are prepaid Visa cards that tThe IRS sent to some 4 million people last May. If tThe IRS follows tThe same pa” Tont priority order, this group could start seeing your cThecks weeks after tThe first money transfers goDirectdirect deposit.
Remember that tThe envelopes wThere tThese cards arrive are white and do not have any specific mark, so you should carefully cTheck your mail. If you do not re$100 yours by January 15, you will have to submit a Recovery Refund Credit between January 16 and April 15 as part$2 tax season.
Fifth group: people with complex situations
This category includes people who re$100d a cTheck after June, who are still waiting to re$100 tTheir pa” Tont, or who did not Theow tThey needed to complete an extra step.
TThere you can see information about wThetTher you can re$100 your second stimulus cTheck if you have not filed your 2019 tax return, about which agencies may confiscate part$2 your cTheck and under what circumstances it may happen, or find out who are tThe workers who will re$100 $ 100 additional dollars in additi$300 $ 300 dollars unemplo” Tont benefits.
You may be interested:
Eddie is an Australian news reporter with over 9 years in the industry and has published on Forbes and tech crunch.