News

You’re probably not getting a first or second IRS stimulus check if you haven’t already. Do this next

It’s official. The Internal Revenue Service has finished distributing all direct payments to Americans that were authorized as part of the first and second stimulus packages.

In a news brief this week, the agency said it doled out 160 million stimulus checks to taxpayers during the first round and another 147 million during the second round. Some of the payments may still be in the mail, but if you haven’t received one yet, there’s a good chance you won’t be getting one at all. The IRS says it updated its Get My Payment portal with the latest information at the end of January, and no further updates about the first or second checks are coming.

If you believe you were eligible to receive a first or second stimulus check but never received one, all hope is not lost. The IRS reminded taxpayers that they may be able to claim the payment as a Recovery Rebate Credit on their 2020 tax returns. This is true for taxpayers who never received a check and also those who did not receive the full payment. However, be aware that you will need to know the full amount of any stimulus payments you’ve received so far. You can find this out by checking the notice the IRS sent you in the mail or checking the Get My Payment portal for your info.

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s