Only stimulus checks for people for whom the IRS has no information have not been sent yet. All other Americans should have received their direct payment by now and some have even received a second check by mistake. What should they do with the money?
While Americans are waiting to see if a new relief bill, including a second stimulus check, is passed by Congress, there are some people who have received more money than they were entitled to. During the shipment of the first round of stimulus checks, millions of erroneous checks were sent out to people who are not residents, people who have died, and to people who received more than one check.
The Treasury Inspector General for Tax Administration some months ago leased a report saying that 98% of stimulus checks sent out were accurate but that 2% of stimulus checks were sent out by mistake and that tens of thousands of Americans were sent more than one stimulus check by accident.
As of June, the IRS sent out 157 million checks and 3 million of those will have to be returned, including those sent to people who filed for a check as a married person but were also sent one as an individual and other administration mistakes.
According to the report, 46,760 US citizens received two payments by accident, an error that could amount to $69 million.
There was also over $1.4 billion sent to dead people and another 300,000 were sent to people who are not residents in the US, one of the key requirements for getting a check.
Checks that hadn’t been cashed were canceled, but the IRS has asked people to return the money if they did collect it.
It is unclear what will happen if they do not.