The world ofand that’s just as true for the first direct payment as it is for the second. While to parse, the — and who could get it first — is also tough to unravel.
At this point, it’s more likely that aa person will appear in early 2021, while begin to consolidate around a . There’s still been strong support for a direct payment from leading political parties, , so there’s a good chance we’ll see the topic resurface amidst talks on yet another COVID-19 relief package .
“Right now, the full Congress should come together and pass a robust package for relief to address these urgent needs. But any package passed in a lame duck session is lucky to be at best, just a start,” Biden said Tuesday.
You might have been aware from your experience with thethat not everyone received their money at the same time, but did you know the IRS scheduled payments by priority groups and spaced them out? In fact, the final checks from the first round are still being delivered, with the IRS wrapping up this month. from errors or unclaimed checks will continue to be sent through 2021 and some will need to be claimed after Tax Season 2020 due in April (more below).
Here, we’ll give you a little more information about the priority groups and why it might happen again with a second check.
The 5 stimulus check payment groups we know of now
When thepassed in March, it took a couple weeks for the IRS to build a tool and a procedure to figure out who was owed a check and for how much. of your household’s total sum, but the schedule for sending checks may have felt less deliberate to some.
Under pressure to get out stimulus money fast, the speed in which you received your check often aligned with the method in which you got paid. Any kind of complication could slow it down. In addition, some calculation errors mean there are people who may not see all or any of their allotted share until the middle of 2021.
Direct deposit recipients: People who already have theiron file with the IRS or who provide that info when and if registration opens again should be first in line to receive a stimulus check. An electronic transfer of funds is faster and more efficient, which is why this group largely got their first payment faster.
Social Security beneficiaries: With the first stimulus payment, many Social Security beneficiaries who had direct deposit information on file with the federal government received checks in the first week, though not always the first day.
People who get paper checks: The IRS began to mail checks about a week later to those without direct deposit data on file.
EIP card recipients:are prepaid Visa cards the IRS sent to about 4 million people starting in mid-May. If the IRS follows the same payment priority order, this group could begin to see their payment weeks after the first direct deposit transfers take place.
People with more complex situations: This category includes people who received a check after June, are still waiting to receive their stimulus payment or who. Direct payments will continue through the end of 2020 for some individuals who weren’t part of the previous groups. Here’s what could be for some people and to report a missing, lost or stolen check.
Is there a reason the IRS staggered the payment schedule?
There are a few reasons the IRS doesn’t send all the stimulus payments at once. One is the sheer volume of disbursements it has to process. With the first check, the IRS has said it could deliver 5 million to 7 million paper stimulus checks a week, starting with Government Accountability Office., is less than $20,000, and then moving to people whose AGIs are progressively larger, according to the
Another reason payments come at different times for different people depends on the way they get the cash. By summer, the IRS had sent money to at least 160 million people, with people the federal government had information for receiving their checks first.
Physical checks andfollowed, creating a de facto priority order that could result in some Americans receiving their checks days or even weeks before others.
The IRS will continue sending the first checks in December
While the majority of people in line to receive a stimulus check got theirs by the end of July, up until late November there were still millions of people who were eligible for stimulus money that hadn’t received it. That includes, some who and (including and people who ).
If you’re aand didn’t receive a check as expected, you may also need to investigate. And a new court ruling has made it possible for millions of to get a check, even after the IRS changed its rules to exclude this group.
The Nov. 21 deadline to claim the payment in 2020 has passed, but you’ll be able toduring tax season 2021.
If you’d like to see, we mapped out some speculative dates depending on which group you’re in.