The IRS has only 2 days left to send your stimulus check

The IRS has only 2 days left to send your stimulus check

The Coronavirus Response and Relief Supplemental Appropriations Act sets January 15 as the deadline for submitting stimulus checks, which means that there are only two days left for the agency to send the money. What will happen if you have not been sent the payment by that day?

As the Coronavirus Response and Relief Supplemental Appropriations Act has set January 15 as the deadline to send direct payments, after this date, the agency will no longer be able to send your payment.

Although approximately 80% of the second stimulus checks have already been sent through direct deposit and by mail in the form of paper checks and prepaid debit cards, it will not be an easy task to send the missing 20% in the next two days.

In fact, the IRS has been sending stimulus checks so fast that it has already made mistakes and made, for example, direct deposits to the wrong bank accounts.

The IRS is working hard to deliver the second Economic Impact Payment quickly, as required by law, while still preparing for the upcoming 2021 tax filing season.

So that you can know what the status of your second stimulus check is, the IRS updated Get My Payment (GMP) on January 5, 2021.

This is what each notice means:

1- If GMP reflects a direct deposit date and partial account information, then your payment is deposited there.

2- If GMP reflects the date your payment was mailed, it may take up to 3 - 4 weeks for you to receive the payment. Watch your mail carefully for a check or debit card. (See the FAQ for EIP Card)

3- If GMP shows “Payment Status # 2 - Not Available,” then you will not receive a second Economic Impact Payment and instead, you need to claim the Recovery Rebate Credit on your 2020 Tax Return.

While t $600 stimulus checks are being delivered, A $2000 check is being discussed

Due to the compressed timeline, the IRS is unable to reissue and mail checks and instead encourages people to file their 2020 tax returns electronically to claim and receive the Recovery Rebate Credit as quickly as possible.

This is how you can also claim any money that the IRS still owes you from the first round of stimulus checks.

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