Tuesday, March 30, 2021

Stimulus check update

 I’ve been getting questions on the stimulus checks and here’s recent information: The Internal Revenue Service and U.S. Treasury said Monday the 22nd that the next batch of Economic Impact Payments were being issued with many coming as paper checks or prepaid debit cards. More direct deposits began last week, and March 24th more direct deposits went out. The IRS also said that additional payments are expected to be released on a weekly basis going forward. If your first two stimulus checks came as paper checks, it is possible you will get a direct deposit this time. The IRS and the Bureau of the Fiscal Service leveraged data in their systems to convert many payments to direct deposits that otherwise would have been sent as paper checks or debit cards.

To find out the status of your stimulus payment you can go to IRS.gov and click on the “Get My Payment” tool. To use it, you'll need to enter your full Social Security number or tax ID number, date of birth, street address and ZIP code. For those who are eligible, the tool will show a "Payment Status" of when the payment has been issued and the payment date for direct deposit or mail. Before you start entering your information hourly, the IRS says the tool “updates once per day, usually overnight” and that people should not call the IRS. Not everyone who is eligible will have a payment date under "Payment Status" when they log in initially. According to the agency, the tool will be updated when the payment date is known.

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