It’s been quite a week for the US government, filled with fraught elections that led to aand that’s stirring up calls to . On the stimulus check front, the IRS and Treasury Department face a different kind of deadline — one week to make all the they can before the Jan. 15 deadline that’s part of December’s stimulus bill.
While the IRS has reportedly already made two-thirds of thevia to bank accounts, tens of millions of payments are going out through and in the mail. So what now? You can start by and following . (You can use this .)
We’ll explain more below about the IRS deadline, direct deposit and what you have to do if you don’t receive yoursoon after Jan. 15. Here’s more information about the , and the possibility of a . This story updates often.
The newsets Jan. 15 as the cutoff date to send stimulus payments. If you don’t receive your full by then, you will need to claim all or part of the missing amount when you file your federal tax returns in this year as a . You’ll also be able to claim any money the IRS still owes you from the first round of checks as a credit.
Some people who received their stimulus payment through direct deposit have run into problems. If you experiencewith any of the three payment methods, it means you’ll have to wait until you file a claim — and take the extra step to do so.
Tying the read more>>to the 2020 tax return will almost certainly delay the payment for many people, since a wide variance in circumstances will cause some to file taxes as early as January and others as late as April 15, or even later if they need to request an extension. It also isn’t clear how quickly the IRS would process payments as a Recovery Rebate Credit…