Second stimulus check: could your money come in February?

Second stimulus check: could your money come in February?

So far, there are millions of people who have not received their second stimulus checks due to an IRS mistake. Fortunately, the error is now being corrected, but the affected people will receive their money in February. Could this be your case?

The IRS began sending the second stimulus check on January 4, and the first payments were sent through direct deposits into the bank accounts of eligible individuals.

However, because the IRS is distributing the second stimulus check based on the information you provided on your 2019 tax return, on the Get My Payment page, or in the Non-Filers tool, the agency sent millions of $ 600 stimulus checks to closed or inactive bank accounts.

This problem has impacted those whose tax refund was processed by intermediaries such as H&R Block or TurboTax, for example, since the agency sent the funds to the temporary account of the tax preparation company and not to the recipients.

In both cases, the IRS transferred the money to the tax preparers' account for them to send to the taxpayers.

The companies, Jackson Hewitt and Republic Bank, meanwhile, told their clients that their stimulus checks will be processed and deposited before February 1. And so did the TaxAct company, according to the New York Post.

The IRS is currently working to process the payments again and will reissue them later this month.

"The IRS regrets the inconvenience and greatly appreciates the help of our partners in the tax industry to help expedite the resolution of this issue," said the IRS.

Affected taxpayers will see the funds deposited directly into their bank accounts or a paper check will be mailed to them.

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