Stimulus check delivery status: Updated IRS schedule, when plus-up payments arrive

The IRS and Treasury sent nearly 2 million more stimulus checks this week to four main groups of people, the agencies announced Wednesday. People receiving plus-up payments, US veteransSocial Security beneficiaries and people the iRS didn’t previously have on file rounded out the list for new checks, but remember, there are still payments going out through the mail that could come at any time. See the chart below for a full update on the IRS stimulus payment schedule. We’ll also explain more about:

  • What plus-up payments are and how the IRS will send them.
  • More about how veterans and SSDI/SSI recipients should expect their stimulus checks.
  • How to track your third stimulus check with the IRS and USPS. (Don’t toss this IRS letter.)
  • Different ways you could get paid.
  • What could be hold up your stimulus payment.
  • How to report a problem and when you should file for a payment trace.

Stimulus checks may get all the attention, but you might also qualify for a monthly child tax credit (see our child credit payment FAQ), and money off your health insurance. In addition, your state may owe you money. And here’s the latest on student loan debt forgiveness, and a fourth stimulus check. This story was recently updated.

Stimulus plus-up payments and the IRS schedule: What to know

The IRS and Treasury sent over $1.2 billion in plus-up payments this week, the agencies said Wednesday, adding supplementary stimulus check money to the amount you already got. For example, if the IRS used your 2019 taxes to calculate your third stimulus check and then finds it underpaid you after processing your 2020 taxes — maybe you had a lower AGI this time or count a new dependent — you’re due an automatic pay bump to correct the error.

If you got your stimulus payment through direct deposit, that’s how you’ll get your plus-up money, 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 700,000 plus-up payments totaling more than $1.2 billion…Read more>>

Source:-cnet