If St. Patrick's Day wasn't the lucky day you got your third stimulus check deposited, hope isn't lost.
As of Wednesday, the Internal Revenue Service said it had sent out coronavirus relief checks to more than 90 million Americans under the initial round of payments made under President Joe Biden’s American Rescue Plan.
More payments are on the way, and you can find out when your next stimulus payment is expected to hit your bank account or get mailed using the IRS "Get My Payment" tool. The IRS said Wednesday that more than 35 million people used the tool to get their 2021 stimulus payment status since it was updated Saturday.
But before you start entering your information hourly, the IRS says the tool “updates once per day, usually overnight” and that people should “not call the IRS. Our phone assistors don't have information beyond what's available on IRS.gov.”
The third round of Economic Impact Payments will be based on a taxpayer’s latest processed tax return from either 2020 or 2019. That includes anyone who used the IRS non-filers tool last year, or submitted a special simplified tax return.
For those who received the first two stimulus checks but didn’t receive a payment via direct deposit, they will receive a check or a prepaid debit card in the mail.
Social Security and other federal beneficiaries will generally receive this third payment the same way as their regular benefits, the IRS said. A payment date for this group is expected to be announced soon.
The payments would amount to $1,400 for a single person or $2,800 for a married couple filing jointly, plus an additional $1,400 for each dependent child. Individuals earning up to $75,000 would get the full payments, as would married couples with income up to $150,000. Payments would decline for incomes above those thresholds, phasing out above $80,000 for individuals and $160,000 for married couples.
The IRS also has the "Where's My Refund" tool and IRS2Go app for checking tax refund status. As the IRS sends the COVID relief payments, millions are facing tax refund delays. The IRS announced Wednesday that it has extended tax season another month with federal income taxes and payments due May 17.
How to use IRS 'Get My Payment' :
The "Get My Payment" tool is available at www.irs.gov/coronavirus/get-my-payment. To use it, you'll need to enter your full Social Security number or tax ID number, date of birth, street address and ZIP code.
For those who are eligible, the tool will show a "Payment Status" of when the payment has been issued and the payment date for direct deposit or mail, according to the IRS' frequently asked questions.
Not everyone who is eligible will have a payment date under "Payment Status" when they log in initially, the IRS said. According to the agency, the tool will be updated when the payment date is known.
'Payment Status Not Available' or 'Need More Information' :
Eldorado, El Camino, Barracuda:Could these long-gone vehicles make a comeback?
Some will get a message that says "Payment Status Not Available."
"If you get this message, either we have not yet processed your payment, or you are not eligible for a payment," the IRS said. "We will continue to send the 2021 Economic Impact Payment to eligible individuals throughout 2021."
And others will get a "Need More Information" message when using the tool if the payment was returned to the IRS because the post office was unable to deliver it for another reason.
If your address has changed the IRS says the easiest way to update is to "file your 2020 tax return with your current address, if you haven’t already done so. Once we receive your current address, we will reissue your payment."
In the coming weeks, more batches of payments will be sent via direct deposit and through the mail as a check or debit card, according to the agency. Some people may see the direct deposit payments as “pending” or as provisional payments in their accounts before the official payment date of March 17, the IRS added.
We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey.
Trading CFDs on leverage involves significant risk of loss to your capital.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. DrForexOfficial, will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
We do not recommend the use of technical analysis as a sole means of trading decisions. We do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.