Tuesday, March 21, 2023

Where’s My 3rd Stimulus 2021

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What To Do If The Irs ‘needs More Information’

Your Money: Where’s my third stimulus check?

If the Get My Payment tool gave you a payment date but you still haven’t received your money, the IRS may need more information. Check the Get My Payment tool again and if it reports “Need More Information,” this could indicate that your check has been returned because the post office was unable to deliver it, an IRS representative told CNET. Here are more details on how the tracker tool works and what the messages mean.

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Between late December 2021 and the end of January 2022, the IRS is sending letters to help taxpayers accurately report COVID-19 relief on their 2021 tax return.

If you received the third stimulus payment or any Child Tax Credit payments between July and December of 2021, you should keep an eye out for Letter 6475 or Letter 6419 from the IRS.

How Can You Request An Irs Trace For Missing Stimulus Money

To request a payment trace, call the IRS at 800-919-9835 or mail or fax a completed Form 3911, Taxpayer Statement Regarding Refund . Note: If you call the number, you’ll have to listen through the recorded content before you can connect with an agent.

To complete Form 3911 for your third stimulus check, the IRS provides the following instructions:

1. Write “EIP3” on the top of the form

2. Complete the form answering all refund questions as they relate to your payment.

3. When completing item 7 under Section 1:

  • Check the box for “Individual” as the Type ofreturn.
  • Enter “2021” as the TaxPeriod.
  • Do not write anything for the DateFiled.
  • Sign the form. If you’re married and filing together, both spouses must sign the form.

You should not mail Form 3911 if you’ve already requested a trace by phone. And the IRS said you should not request a payment trace to determine if you were eligible to get a check or confirm the amount you should have received.

Recommended Reading: When Is The Next Round Of Stimulus Checks Going Out

What To Know About $127m In Relief

We asked the Franchise Tax Board to catch us up on where the program is now. Media liaison Andrew LePage with the FTB offered these answers:

Question: How many payments went out in December, before Jan. 1, 2022?

Answer: Between Dec. 13 and Dec. 31 about 794,000 GSS II checks valued at more than $568 million were mailed and about 9,000 direct deposits valued at about $6.1 million were issued Dec. 10.

The latest round: Between Dec. 27 and Jan. 11, 2022, the state is scheduled to mail about 180,000 GSS II checks. Also, on Dec. 24 the state issued about 1,400 GSS II direct deposits. Combined, the roughly 181,400 GSS II payments in the latest round are valued at about $127 million.

Q: How many payments are going out in 2022?

A: The final scheduled round calls for GSS II payments to be mailed between Dec. 27 and Jan. 11. A relatively small number of payments will continue to go out after Jan. 11.

Q: Total amount of payments made since the GSSII program began?

A: As of the latest round, the state has issued or announced a total of more than 8.2 million GSS II checks and direct deposits valued at just over $5.9 billion.

At this point, the vast majority of GSS II payments have been issued or announced.

Recently weve used a very rough estimate of a total of 8.5 million GSS II payments when all have been issued. The latest trends indicate that the final total could be between 8.3 million and 8.4 million GSS II payments.

Q: Any leftovers to note?

Do I Even Really Need Irs Letters 6475 And 6419 To File My Taxes

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You certainly need to keep any letters received for your records, and the amounts received need to match what you put on your 2021 tax return. Having these official documents makes accurate information much easier to access.

While you could probably find or calculate those amounts on your own, using the letters themselves reduces the risk of mismatched info, which could cause your return to be rejected.

Also Check: When Is The Third Stimulus Checks Coming Out

Which Tax Return Is Used For My Third Stimulus Check

The IRS uses 2019 or 2020 tax returns to determine eligibility for your third stimulus check. You should note that if your income fell in the 2020 tax year, filing your tax return earlier could help you qualify for a bigger third stimulus check. The new stimulus plan targets lower income ranges to exclude higher-earning taxpayers from getting a payment.

As we pointed out before, individuals making under $75,000 get the maximum stimulus payment of $1,400 . But payments are capped at $80,000 for single filers and $160,000 for couples. So filing at the beginning of the tax season with a lower income may help you qualify for a bigger check. But, if your income went up in tax year 2020, then you may want to delay filing so that eligibility is determined by your lower 2019 income.

You might also want to file early if the size of your family increased in 2020. The new stimulus plan includes a child tax credit that pays up to $3,600 for each qualifying child under 6 years old, and $3,000 for every child between ages 6 and 17. This means that if you became a parent during the tax year, you could get an additional payment by claiming your child as a dependent earlier.

SmartAssets child tax credit calculator will help you figure out how much you could get for each child.

You can use SmartAssets tax return calculator to figure out your 2021 tax refund or tax bill.

Third Payments Differed From Previous Economic Impact Payments

The third payments differed from the earlier payments in several respects:

  • Income phaseout amounts changed. Payments were reduced for individuals with adjusted gross income of more than $75,000 . The reduced payments end at $80,000 for individuals and $160,000 for married filing jointly. People above these levels did not receive any payment.
  • Payment amounts are different. Most families received $1,400 per person, including all dependents claimed on their tax return. Typically, this means a single person with no dependents received $1,400, while married filers with two dependents received $5,600.
  • Qualifying dependents expanded. Unlike the first two payments, the third payment was not restricted to children under 17. Eligible individuals received a payment based on all of their qualifying dependents claimed on their return, including older relatives like college students, adults with disabilities, parents and grandparents.

Read Also: H And R Block Stimulus Checks

Who Was Included In The Last Batch Of Stimulus Payments

On Friday, April 16, the Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service disbursed nearly 2 million more payments. These payments were the sixth batch of stimulus payments that rolled out to Americans since mid-March, and totaled more than $3.4 billion.

These payments primarily went to those who were slated to receive plus-up payments or those who receive Social Security benefits, and included:

  • Nearly 700,000 payments to those who did not initially have enough of their information on file with the IRS to be issued a payment but who recently filed a tax return
  • Supplemental payments for people who were deemed eligible for a plus-up payment after filing taxes these plus-up payments had a value of nearly $1.2 billion
  • 600,000 payments went to Social Security beneficiaries and Supplemental Security Income recipients, including those with foreign addresses
  • Overall, about 900,000 direct deposit payments and nearly 1.1 million paper check payments

Advance Child Tax Credit Stimulus Payments

Where’s my stimulus check? Here is when to expect payments.

The IRS has started paying out the monthly $250 or $300 CTC payments to eligible tax payers for their dependents. You can see more on the payment schedule, issues and eligibility in this article, with the current schedule shown below.

Those who get paid via direct deposit should have gotten paid on or a day after the payment date. If you are getting paid via check or debit card, your payment may take up to a week longer. Monthly payments are worth roughly $15 billion in total are reaching nearly 35 million families, with around 86% getting paid via direct deposit.

CTC Monthly Payment Date
SCHEDULED

Also Check: Qualify For Stimulus Check 2021

Seniors Living With An Adult Child

Question: Will seniors who live with an adult child get a third stimulus check?

Answer: Again, anyone who is claimed as a dependent on someone else’s tax return doesn’t qualify for a third stimulus check. So, elderly people living with an adult child won’t get a check if they can be claimed as a dependent on their child’s tax return.

However, as with college students and young adults living with their parents, an adult child supporting an elderly parent will get an extra $1,400 added on to his or her third stimulus check if the elderly parent is a dependent. Again, the age of the dependent doesn’t matter for third-round stimulus checks like it did with earlier stimulus payments.

Which Days Are Stimulus/eip Payments Made And When Will They Be In My Bank Account

The above table shows the date payments are issued by the IRS. It generally takes 2 to 5 business days after the start/issue date for the payment to hit your bank account . So for example in Batch 6, the IRS announced that Friday, April 16 was the start date for processing but that the official payment date was Wednesday, April 21. However many people have received direct deposit payments in their accounts earlier than the payment date, which would show as provisional or pending deposits. Based on the pattern of past batches stimulus payments are generally hitting most bank accounts on a Monday or Tuesday.

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Why Can’t I Get On The Get My Payment Site

The IRS said this can happen if people don’t provide security answers that match the tax agency’s information over the course of several attempts to log in. The IRS asks for personal information such as a Social Security number, birthdate and address.

“If you can’t verify your identity, you won’t be able to use Get My Payment,” the IRS said. “Don’t contact the IRS for assistance with a lockout IRS assisters can’t unlock your account.”

However, the site will allow you to try again after 24 hours.

Can My Stimulus Payment Be Garnished

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Like the last stimulus check payments the third stimulus check cannot be offset to pay various past-due federal debts or back taxes. This does not apply to child support payments that are in arrears. If youre behind on child support your stimulus check can be fully or partially garnished either wont get a stimulus check or will receive a reduced one.

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Number Of Third Stimulus Checks

Question: How many third-round stimulus checks will I get?

Answer: As with the first two round of checks, the legislation authorizing the third round of payments only calls for one payment. This is not a “recurring” payment situation.

However, some people will receive a supplemental payment if their 2020 tax return is filed and/or processed after the IRS sends them their regular third stimulus check. The IRS is calling these “plus-up” payments, and they’ll only be sent if your regular stimulus check would have been higher if it was based on your 2020 tax return . So, for example, if you received a $700 third stimulus check based on the information found on your 2019 return, filed your 2020 tax return later, and your third stimulus check would have been for $800 if it was based on information from your 2020 return, then the IRS will send you a second payment for the $100 difference.

Some married couples could also get two payments. If a joint tax return is filed, a married couple could get two separate third stimulus payments. Half may come as a direct deposit and the other half will be mailed to the address the IRS has on file. Each spouse should check the IRS’s “Get My Payment” tool separately using their own Social Security number to see the status of their payments.

Over 170 Million Third Stimulus Checks Sent Out

As of July 2021, the Internal Revenue Service said it had distributed over 171 third-stimulus-check payments totalling more than $400 billion – and these figures are now likely to rise during tax season in 2022.

Thats because, while eligibility for the third stimulus check was initially based on Americans 2019 or 2020 tax returns, the information in taxpayers 2021 declarations will now also be used to determine whether they qualify for a payment.

This means that if, for example, a workers earnings were too high in 2019 and 2020 but in 2021 they fell below the income threshold, they will now be able to claim the third stimulus check in the tax declaration they submit this year.

The same is also true of families who in 2021 added dependents to their household. Dependents of all ages are eligible for the $1,400 additional credit.

A further group who can use a 2021 tax return to get their third stimulus check is eligible Americans who did not file a return for the 2019 or 2020 tax years and also did not claim a direct payment by using the IRS’ online tool for non-filers.

Read Also: Is Everyone Getting A Third Stimulus Check

Th Stimulus Check Direct Deposit Date

At this stage there is not formal date or funding for a fourth stimulus check, but if economic growth slows or the Delta Coronavirus strain spreads more than expected, then it would not surprise me to see another stimulus payment around Thanksgiving 2021. Ill monitor updates and post if more news comes to hand.

You can stay connected via the subscription options below. Also please review the many comments at the end of this article for tips and FAQs around the stimulus payments.

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How Will I Get My Third Stimulus Check

Where is my stimulus check? We are answering your top questions

You dont need to do anything to get your stimulus check. The IRS will determine eligibility based on the last tax return that you filed, either 2019 or 2020, and will likely send your payment to the bank account where your tax refund was deposited.

As part of the income tax filing, the IRS receives accurate banking information for all TurboTax filers who received a tax refund, which the IRS is able to use to quickly and effectively deposit stimulus payments.

Read Also: Stimulus Check Went To Closed Bank Account

Expect Delays Especially If You Had Previous Payment Issues

Like the previous round of stimulus/economic impact payments, there will likely be payment issues given the expanded eligibility and dependent groups now able to get this payment . Also if you had issues in the past, and I know many are still waiting for the prior payments or had to claim them as a recovery rebate credit, expect some delays with the coming round of payments.

The good news is that the weekly batches will keep happening till the end of the year as the IRS aims to make payments to all eligible recipients . They are also actively sending payments to individuals for whom information was not earlier available but who recently e-filed a tax return.

How Come My Payment Is Showing Up Early Or In Provisional Status

This is normal given that the processing/start date of the given payment batch and payment could be a few days apart. Generally the payment date is 5 days after the processing date, so the payment is classified as provisional until the official payment date. That is why many eligible recipients see the direct deposit stimulus payments as pending or as provisional payments in their accounts before the official payment date.

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Coronavirus Relief For Small Businesses Under The Cares Act

Shutting down nonessential businesses may have been necessary to slow the coronavirus, but its nonetheless leaving staggering economic hardship in its wake. Recognizing the impending financial crisis, especially to small businesses, Congress passed two important bills to provide economic relief. The first was the CARES Act in March 2020. The second was the Paycheck Protection Program and Health Care Enhancement Act on April 21.

What To Do If One Of The Three Stimulus Checks Hasn’t Arrived

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About 15 days after the IRS sends out your check, you should receive a letter from the agency confirming the payment. When the first round of stimulus checks went out last year, that letter included two hotline phone numbers because thousands of agents were available to help. But with the second and third rounds of checks, the IRS changed its tune, and these phone numbers may be disconnected.

Here are common scenarios that might indicate you need to look into your stimulus payment:

  • If you’re one of the millions of people who qualified for the first stimulus check but never got it.
  • If your second stimulus check has still not arrived.
  • If you got a letter from the IRS saying your third check was sent, but never received the payment. Or, if the IRS Get My Payment portal said your payment was sent, but you didn’t get it.
  • If you got some of your stimulus money from any payment, but not all of it.

You should also confirm you’re qualified to get the stimulus payment, since not everyone who received a previous check is qualified this time. If you think it’s time to take action, read for more options.

Recommended Reading: Find Out About My Stimulus Check

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