Stimulus check status update: IRS payment timeline, what to know about plus-up money



If you got your stimulus check, did the IRS send the right amount or do you need to be on the lookout for a plus-up payment to arrive? (And if so, when would it come?) If you’re one of the million of people still waiting for your $1,400 maximum check per person, will your money come soon, and what could be causing the delay?

We’ll go over big stimulus check timeline and delivery issues like:

  • How to track your stimulus check, including through the mail (P.S. Keep this IRS letter!)
  • The payment forms your money will and won’t take
  • How to report a problem, including when to request a payment trace
  • When veterans and SSDI/SSI recipients should expect their money

Keep reading for details. In the meantime, here’s the current discussion on a fourth stimulus check and details on child tax credit payments, including how much CTC money you can get and who’s an eligible dependent. And here are five ways to save on medical expenses with the stimulus bill. This story was recently updated.

What’s an IRS plus-up payment and why would you get one?

The IRS began making supplemental payments this week to those it owes more money based on their latest tax filing. If the IRS uses your 2019 taxes (and AGI) to calculate your third stimulus check, but finds it underpaid you after processing your 2020 taxes, you’re due an adjustment called a plus-up payment. If you got your stimulus payment via 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 1 million plus-up payments for more than $2 million…Read more>>

Source:-cnet

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