By now, millions of people may have already received their, with tens of millions more getting their through , in the mail and . (Here’s how to ). On the whole, the US government is moving much more swiftly to get your stimulus money delivered than with the first round, but there’s a reason for that.
Thestipulates a , which leaves just a 17-day window from the first Dec. 29 delivery to process potentially over 100 million payments. When your has a lot to do with the IRS’ stratified payment groups — and that could create a for some.
We’ll explain more about this cutoff and what happens if you don’t receive yourby then — or even your first payment — and how long you might have to wait to claim it. Here’s how to , and here’s what we know about a . This story updates often with the most recent available information.
Direct deposit payments started Dec. 29 and will continue
On Dec. 29, the IRS announced it started making its initial direct deposit payments to bank accounts, with payments continuing into next week. The IRS said do not need to take any action to receive this second payment and it will use the it has on file to make the payment.
The IRS cautioned that some “may see the direct deposit payments as pending or as provisional payments in their accounts before the official payment date of January 4, 2021.”
At this point, you can’t register a new direct deposit account with the IRS — that could potentially change in the upcoming week, but we don’t know for sure.
Second stimulus check timeline
|Dates for second check||Hypothetical dates for a third stimulus check|
|House passed final bill||Dec. 21||April 5|
|Senate passed final bill||Dec. 21||April 6|
|President signs||Dec. 27||April 7|
|First direct deposits issued||Dec. 29||Week of April 12|
|First paper checks sent||Dec. 30||Week of April 12|
|First EIP cards sent||Dec. 30||Week of April 12|
|Recovery Rebate Credit||After filing 2020 tax returns||Unknown|
Paper stimulus checks, EIP cards are in the mail. They won’t all come at once
If the IRS doesn’t have your current direct deposit information on file, it will send the payment as a check orin the mail — they began Dec. 30. Here’s how you can , for free.
How to check the status of your new stimulus payment
The IRS said it is updating its Get My Payment tool for the second round of payments and anticipates will be able to see the status of both the first and second payments in a few days, after the portal is updated. The Get My Payment portal is available in English and Spanish.
What’s the story with prepaid EIP debit cards?
The IRS said that to speed delivery of the payments, it will send make some payments using anand notes that some people who received a paper check last time might receive a debit card this time, and some people who received a debit card last time may receive a paper check.
The IRS warns that those who are eligible but don’t receive a direct deposit should. The debit cards will arrive in a white envelope that displays the US Department of the Treasury seal, the IRS said.
Why is Jan. 15 such an important date to know?
Jan. 15 is the cutoff date in the; after the middle of January, the IRS and US Treasury must stop sending payments. If you don’t receive your full by Jan. 15, you will need to claim all or part of the missing amount when you file your federal tax returns in 2021 through the . You’ll also be able to claim any money the IRS still owes you from the first round of payments.
People who receive their stimulus payment through direct deposit are less likely to be affected. But there is potentially a distinct disadvantage for people who.
Tying theto the 2020 tax return will almost certainly delay delivery for many people, since a wide variance in circumstances will cause some people to file taxes as early as January and others as late as April 15, or even later if they need to request an extension. It also isn’t clear how quickly the IRS would process the payments.
The IRS said if as quickly as possible.”raising the $600 check amount to $2,000 this week, it will issue the bonus amount “
In the chart below, we map out the payment schedule for the second round of checks, plus a projection if Congress approves, after President-elect Joe Biden .
How long could it take to get my second stimulus check through the mail?
Since the new stimulus bill sets a Jan. 15 deadline for the IRS to send out payments, people who will receive their— either as a paper check or a — should look for a payment starting now through the first weeks of January, according to the IRS. According to the Treasury, 22% of the payments as of last summer were made by paper checks and another 3% by .
However, after Jan. 15, you will have to. That could further delay your stimulus check, since the timing would hinge on:
- When you file your 2020 taxes — the deadline could be April 15, unless you file for an extension.
- How long it takes the IRS to process your tax return, which may also include your second stimulus check.
- If there are any complications that arise in your specific scenario that could further delay your check.
We’ll keep our eye on the situation, which is constantly evolving. Here are theand here’s how you can .