IRS still sending stimulus checks: When is your new or plus-up payment coming?

The latest wave of stimulus checks is here, bringing up to $1,400 per family member to another 25 million qualified people. This batch includes social security recipients including SSDI and SSI, but many nonfiler veterans will have to wait until April 14. The money is coming through mailboxes, direct deposit and prepaid EIP debit cards, and it includes 1 million “plus-up” payments as automatic adjustments (you don’t have to file an amended tax form) to people who are still owed a partial payment.

More than 156 million stimulus payments are now either delivered or on their way, but we recommend keeping your finger on the delivery pulse by tracking your payment with the IRS and also with the USPS, if you’re getting paid through the mail. (Here’s what to look for so you don’t throw your stimulus money away.) It’s also important you know the estimated size of your stimulus check, so you can keep an eye out for a plus-up payment if it’s owed to you — more on that below. (P.S. keep this IRS letter.)

Some people may also run into errors that require more attention, including issues that what could delay your stimulus check and how to find missing stimulus money, including triggering a payment trace. We explain more below. In the meantime, here are nine unusual stimulus check facts, discussion of a fourth stimulus check and details on child tax credit payments, including how much CTC money you can get and who’s an eligible dependent. This story was recently updated with new information.

Plus-up payment update: What it is, how yours could come

If the IRS uses your 2019 taxes (and AGI) to calculate your stimulus check, but finds it owes you more money after processing your 2020 taxes, you’re due an adjustment called a plus-up payment (more below as well). If you got your stimulus payment through direct deposit, that’s how you’ll get your plus-up payment, too. If the IRS doesn’t have your details on file, you may receive a paper check instead.

Plus-up payments will continue on a weekly basis as the IRS processes 2020 tax forms and reevaluates checks. The batch going out this week includes 1 million plus-up payments for more than $2 million.

Stimulus check payment methods now

If you’re getting your new stimulus check delivered now (and not a plus-up), expect to receive it in the mail (how to track it) as a paper check or EIP debit card. However, if you’re an SSI or SSDI recipient who has a Direct Express benefits card, you should get an electronic transfer. Otherwise, look for a check in the mail, but not an EIP card, according to the SSA. (More details below.)

Note that it could take days between the date the IRS or Treasury processes your stimulus money and when you receive it, especially if your check is arriving through the mail. If you moved recently, you need to tell the IRS and USPS...Read more>>

Source:-cnet

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