Stimulus check update: How to track your IRS money, ‘plus-up’ payments and more



The IRS announced on May 26 that it had disbursed an additional $1.8 million in stimulus payments and that it will continue to issue the $1,400 checks on a weekly basis to those who qualify. If your money wasn’t in the mail or deposited into your account in this latest round, you can use an IRS tracker to see what could be delaying your money.

The IRS is also sending ongoing supplemental “plus-up” payments to those who qualify under the American Rescue Plan passed in March. That most recent stimulus package included the enhanced child tax credit for families and a tax exemption for individuals who received unemployment benefits in 2020 during the pandemic.

If you need to report a stimulus check problem or file a payment trace, we can help. If you have dependents, we can help you calculate how much you’ll receive in child tax credit payments and tell you more about the upcoming IRS portals. We’re also trying to follow the debate over a possible fourth stimulus payment. And here’s how to check if an employer owes you back wages. This story is updated regularly.

What’s the deal with the third stimulus checks and plus-up payments?

The IRS has recently sent two batches of payments for more than $3.5 billion: $1.9 billion as paper checks in the mail and another $1.6 billion as direct deposits to bank accounts. These batches also included 900,000 payments for $1.9 billion to eligible individuals the IRS didn’t have information for and who recently filed a tax return, along with two more rounds of plus-up payments for $1.6 billion.

What are plus-up stimulus payments? Depending on which year’s tax form the IRS used when it did the math on your third payment, the IRS may have calculated the amount of the payment using an older tax form instead of your 2020 filing. If this is your situation, once the IRS receives your 2020 tax return and calculates your third payment again, you could be due more money based on information from your current filing — or on other factors if you don’t usually file.

The IRS said it’s automatically sending these plus-up stimulus payments if it needs to square up the amount it owes you, but to double-check the math, you may want to confirm how much money you should expect this stimulus round, and then track your payment.

How can the IRS tracking tool find your payment?

With the IRS Get My Payment tracker tool, you can get a daily update on the status of your payment. The online app can also alert you with a message if there’s a problem with your payment that you may need to address. It can’t, however, give an update on your plus-up payment status from the IRS…Read more>>

Source:-cnet

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