Sunday, September 25, 2022

I Got My First Stimulus But Not My Second

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You Didn’t File A 2019 Or 2020 Tax Return

What if I never got my first $1,200 stimulus check?

Generally, the IRS will look at your 2019 or 2020 tax return to see if you’re eligible for a third stimulus check and, if so, to determine the amount of your check. If you didn’t file a 2019 or 2020 return , then the IRS is stuck. It doesn’t have the information it needs to send you a payment readily available.

For some people, the IRS got the necessary information from another federal agency that is paying you benefits . After it got the information, the IRS was able to start sending payments to those beneficiaries but waiting to get the data caused a delay. For example, the IRS just recently started sending payments to millions of federal beneficiaries.

If the IRS isn’t able to get the information needed to process your payment , then you’ll have to claim the amount you’re entitled to as a Recovery Rebate credit on your 2021 tax return. But there’s an easy way to avoid this simply file a 2020 tax return, even if you don’t have to.

There’s still plenty of time to file a 2020 return. The IRS pushed back this year’s return filing deadline from April 15 to May 17, 2021, so you have an additional month to get your 2020 return to the IRS. The tax agency has until the end of the year to send out third-round stimulus payments, so you can still get a check if you haven’t filed yet it will just take longer for you to get it.

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When Should I File A Payment Trace For My Missing Money

The IRS also offers a payment trace as a way to find your funds, including from missing stimulus checks. You can request a trace — which means filing an inquiry into the location of your IRS money — by mailing or faxing Form 3911 to the tax agency. Even if the IRS says you’re ineligible for advance payments, it’s best to submit a payment trace in case there’s a portal error.

Your payment will be traceable if it has been at least five days since the deposit date and the bank hasn’t received the money, four weeks since the check was mailed or six weeks if it was mailed to a forwarded address listed by USPS. If the check was mailed to a foreign address, you can ask for a payment trace after nine weeks.

Second Stimulus Check Not Received

Anyone else not get theirs yet?

I used the IRS website and it shows status not available because either not enough information or not eligible.

Yea this is what mine says too.

weird did you receive the last one? Wondering if they used 2019 or 2020 income.

I did receive the last one

I didnt get mine. When I checked the money was sent to an account that I didnt recognize. Well I did my taxes with H& R Block and apparently a lot of ppls money was sent to them. They are suppose to send it to our accounts by 1/6. Or at least thats what the recording for H& R Block says.

But the first stimulus went to my checking account. So its weird but happening to a lot of their customers.

Im having the same exact issue!

…….hey! I just wanted to check back in with you and let you know that H& R Block just deposited the funds into my account.

Maybe you have yours too. Hopefully

that sucks that you used turbo tax & had problems! I have used turbo tax for the last 4-5 years & i have gotten both stimulus checks deposited into my account with no problems!

oh no problem …….have you checked the IRS get my payment link? And if so, does it say something along the lines of, you have a payment scheduled for deposit for January 4, 2021? And is it to an account you dont recognize/not yours ?

Thats what mine says too!

Mine shows the same.

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Recommended Reading: Where Is Stimulus Money Going

How To Claim The Recovery Rebate Credit

If you did not receive your first or second stimulus payment, or if it was for the wrong amount, you’ll need to file a tax return for the 2020 tax year . You’ll file Form 1040 or Form 1040-SR . You’ll need your Notice 1444, Your Economic Impact Payment from the IRS when you file. You should have gotten your first Notice 1444 sometime last spring or summer, and you should have gotten your second one in February 2021. You’ll need the amount of the payment in the letter when you file your tax return in 2021.

If you don’t receive your third stimulus payment, or if it was for the wrong amount, you’ll need to file a tax return for the 2021 tax year . You’ll file Form 1040 or Form 1040-SR . You’ll need your Notice 1444, Your Economic Impact Payment from the IRS when you file. You’ll need the amount of the payment in the letter when you file your tax return in 2021.

You can take the Recovery Rebate Credit for any rebate amount that is more than the economic impact payment that you received by completing line 30 of Form 1040 or Form 1040-SR. The instructions for Form 1040 and Form 1040-SR include a worksheet you can use to calculate the amount of the credit you are eligible for.

Check The Get My Payment Tool For Each Spouse

I got pregnant by my lover and then my husband started f ...

“Both taxpayers on the tax return should check Get My Payment separately using their own Social Security number to see the status of both payments,” the IRS said Monday.

You may find the dates when the IRS says it will deposit the money for each person are different. That’s what some people have discovered.

“Yes this is what is happening to me. We got half under my husbands on the 17th and mine says the 24th,” wrote another.

“Get my payment updated mine!!!” one woman wrote in the Facebook group. “It used to have 3/17 for us both! Now mine has changed!” she said, showing a screen shot from the IRS that indicated her payment was coming on March 24.

If a couple with a dependent filed jointly, then it appears the $1,400 for the dependent may be split between the two payments. So, a couple who is expecting $4,200 may get two payments of $2,100 — that’s $1,400 for the spouse and $700 for the dependent.

If you already checked the Get My Payment tool once and it said both spouses would get their money the same day, check it again. Some people were reporting the date for one of the payments had changed since they first checked it.

Again, the IRS says some payments will go out in the mail, even if one spouse got it via direct deposit.

This, however, may not explain all cases of payments that are not the full amount people are expecting.

In Other News

Read Also: Have Not Received Stimulus Check

I Want To Know If I Had Zero Income In 2020 Do I Need To File To Get My Stimulus Check

For the first and second stimulus checks the IRS was using Americans’ most recent tax returns available to calculate whether they would get an economic impact payment and how much during 2020 those would be 2018 or 2019.

Submitting a 2020 return, even if you had no income, would make it possible to claim a stimulus payment because the money was an advance on a tax credit. By filing a return and showing you were eligible for the credit but didn’t receive it, you can claim the stimulus.

… How to file for 2020 when I had absolutely no income, other than a stimulus checks?

It is still recommended that you file taxes to keep a record of you financial situation for the year and possible upcoming stimulus payments.

Stimulus payments could also indirectly affect what you pay in state income taxes in some states where federal tax is deductible against state taxable income, according to The New York Times.

Josh Rivera

Follow Josh on Twitter

I Used The 2020 Irs Non

Most likely, the IRS wasnt able to process your 2019 tax return or the information you submitted to the IRS Non-filer tool in time to issue your second stimulus check.

All second stimulus checks were issued by January 15, 2021. If you didnt get a second stimulus check by then , you can claim your second stimulus check as the Recovery Rebate Tax Credit on your 2020 tax return or use GetCTC.org if you dont have a filing requirement.

Don’t Miss: Irs Stimulus Check 3 Calculator

You Havent Received Your Second Stimulus Payment Yet

Many people will receive stimulus payments by direct deposit, according to the IRS. If you paid 2019 federal taxes via direct debit or received a tax refund by direct deposit, you will likely receive your second stimulus payment the same way. The majority of these payments have already been issued. If the IRS does not have your correct, up-to-date banking information, youll receive payment by mail or debit card .

Social Security or other beneficiaries who use Direct Express cards and received the first round of stimulus on that card can expect the same this time. Otherwise, payment will come by mail.

Generally, you can expect to receive your payment in the same form you received the first stimulus payment under the CARES Act in early 2020. But thats not the case for everyone. If the IRS is unable to make a direct deposit, your payment may be sent by mail. And if your first stimulus payment arrived via paper check, you could receive a debit card this time, and vice versa.

The best way to track how and when youll receive your stimulus payment is with the IRS Get My Payment tool. This tool can tell you when your payment was sent and whether itll arrive via direct deposit or mail.

And while Jan. 15 is the IRS deadline, you may not actually receive payment by that date. After your payment reports as mailed on the Get My Payment tracker, it may take up to three or four weeks to receive the check or debit card, the agency says.

Who Receives A Stimulus Check Payment

Payment Status Not Available: This message means you’re not getting a second stimulus payment

If you fall within the Adjusted Gross Income thresholds shown below and have a Social Security number, you are eligible for each economic impact payment. Those who do not qualify for payments include non-resident aliens, dependents, and estates/trusts.

The amount of payment or credit you qualify for depends on your Adjusted gross income and the number of qualified children with a Social Security Number or Adoption Tax Identification Number you can claim.

For 2020, youll qualify for up to $1,800 in credits for yourself and qualified dependents can increase the amount youre eligible to get by up to $1,100 per qualified dependent . Unfortunately, adult dependents didnt qualify for the first and second stimulus payments.

For 2021, youll qualify for $1,400 in advance credits for yourself and qualified dependents will increase the taxpayers EIP by $1,400 so far. However, adult dependents do qualify the taxpayer to receive additional amounts on the third check.

You can see a detailed breakout of the income limits here:

Read Also: Who Gets Stimulus Checks This Time

How Do I Claim The Economic Recovery Rebate Credit

If you were eligible for an Economic Impact Payment but didnt receive one, or if the payment you received was less than you expected based on your eligibility criteria, you can claim the difference on your 2020 tax return filed in 2021. Youll use Form 1040 or 1040-SR to claim your Economic Recovery Rebate Credit, which will include a worksheet to help you determine the amount youre eligible to get.

If I Owe Back Child Support Will I Still Get A Payment

Yes. If you owe back child support, your stimulus payment cannot be garnished to pay that debt. The same is true if you owe federal or state debts: your stimulus payment cannot be garnished. Your payment wont be levied by the IRS, either.

This is different from the CARES Act, which specified that if you owed back child support, your stimulus payment would be garnished.

Also Check: Paypal Stimulus Check Deposit Time

I Got A Notice 1444 In The Mail Should I Keep It

Yes. Notice 1444 specifies the payment amount you received for the first Economic Impact Payment in 2020, while Notice 1444-B will note the amount of your second stimulus payment. If you need to complete the Economic Recovery Rebate Credit worksheet on your 2020 tax return, youll need to refer to Notice 1444 and Notice 1444-B for the amount you received. Even if you received the full stimulus payment amount, retain this notice with your 2020 tax records.

When Will A Second Stimulus Check Be Issued

6 Reasons You Might Not Have Your Stimulus Check Yet

The government began sending direct deposit payments on December 28, 2020. Paper checks were sent out starting on December 30, 2020.

Payments are automatically sent to:

  • Eligible individuals who filed a 2019 tax return.
  • Social Security recipients, including Social Security Disability Insurance , railroad retirees, and Supplemental Security and Veteran Affairs beneficiaries.
  • Individuals who successfully registered for the first stimulus check online using the IRS Non-Filers tool or who submitted a simplified tax return that has been processed by the IRS

There is no action that you have to take to get your second stimulus check. People who provided their banking information with the IRS shouldve received their stimulus checks by direct deposit. Social Security and Veterans Affairs beneficiaries who received the first payment via Direct Express shouldve received the second payment the same way.

The IRS sent paper checks or prepaid debit cards to people who did not provide their banking information. Mailed payments may be delivered in a different format than the first stimulus check.

All second stimulus checks were issued by January 15, 2021. If you didnt get a second stimulus check by then , you can claim your second stimulus check as the Recovery Rebate Tax Credit on your 2020 tax return or use GetCTC.org if you dont have a filing requirement.

Also Check: What’s In The Stimulus Bill

When Will I Get The Recovery Rebate Credit

You will most likely get the Recovery Rebate Credit as part of your tax refunds. If you electronically file your tax return, you will likely receive your refund within 3 weeks. If you mail your return, it can take at least 8 weeks to receive your refund.

Claiming the Recovery Rebate Credit will not delay your tax refund. However, if you dont claim the correct amount of the Recovery Rebate Credit, your refund may be delayed while the IRS corrects the error on your return. The IRS will send you a notice of any changes made to your return.

You can check on the status of your refund using the IRS Check My Refund Status tool.

What If I Lost My Job During The Pandemic

Tax filers will be able to choose whether they want to use either their 2019 or 2020 earned income to calculate the Earned Income Tax Credit on their 2020 income tax returns, thanks to a one-time lookback provision. The lookback will help financially challenged people qualify for the refundable portion of the Child Tax Credit, which is allowed even if you do not owe any tax.

Unemployment compensation is taxable income. Since many did not have taxes withheld, they could face a tax bill. A generous payout for the earned income credit could offset some taxes that will be owed and even contribute to a tax refund.

The earned income credit will vary. The maximum credit is $6,660 for those filing a 2020 tax return but applies only to tax filers who have three or more qualifying children. By contrast, the maximum credit is $538 for someone who has a limited earned income but no children.

The maximum adjusted gross income allowed to obtain the earned income credit is up to $15,820 for those who are single with no children.

The highest cutoff is $56,844 for married couples filing a joint return with three or more qualifying children. The cutoff is an adjusted gross income of $41,756 for those who are single, widowed or head of household with one child.

Susan Tompor

Follow Susan on Twitter .

Don’t Miss: Track My Payment Stimulus Check

Youre Not Sure About Eligibility

Payments being sent out this month are largely based on the most recent tax returns the IRS has available, for 2019. The amount you receive as an initial payment will be based on that data, though you may be eligible for more.

Eligible individuals with an adjusted gross income under $75,000, heads of household under $112,500, and married couples filing jointly under $150,000 are eligible for the full $600 payment. After that, payments phase out with reduced payments up to $87,000 in income for individuals, $124,500 for heads of household, and $174,000 for married couples filing jointly. Children under 17 claimed on 2019 federal tax returns each qualify for an additional $600, while children 17 and older and adult dependents are not eligible.

Even if you dont typically file tax returns, you can still receive your stimulus payment. It wont be issued automatically, but you can get it in the form of the Recovery Rebate Credit when you file your 2020 taxes.

In fact, anyone who believes they didnt receive the full payment for which they are eligible can reconcile the lost amount as a Recovery Rebate Credit on 2020 federal tax returns using Form 1040, the basic form most people will use when they file taxes.

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