Stimulus check status update: Plus-up payment arrival dates, problems, IRS delivery

Is the IRS done calculating stimulus checks? Not even close. In fact, the IRS and Treasury sent out a fifth payment batch this week and intends to keep the money coming. The situation at hand pulls together a lot of payment threads, including plus-up payments, $,1400 checks to veterans, people receiving SSI, SSDI and other Social Security benefits, and people whose checks are still arriving in the mail. (See the chart below for a full update on the IRS stimulus payment schedule.)

We’ll tell you all you need to know about:

  • Those plus-up payments
  • How veterans and SSDI/SSI recipients should expect their stimulus checks
  • Details on how to track your third stimulus check with the IRS and USPS
  • Why you want to keep this IRS letter
  • Why your stimulus payment is delayed
  • How to report a problem
  • When its time to file for a payment trace.

Read on for more details. You might also want to know about qualifying for a monthly child tax credit (see our child credit payment FAQ, including eligibility for 2021 babies), and getting 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 has been updated.

Stimulus check plus-up payment update

The IRS and Treasury sent over $1.2 billion in plus-up payments this week, the agencies said Wednesday, which adds 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