Saturday, November 23

Will the second stimulus check reach all pay groups before the January 15 due date?

¿Llegará el segundo cheque de estímulo a todos los grupos de pago antes de la fecha límite de entrega el 15 de enero?

IRS will start shipping EIP cards this week

Photo: William Thomas Cain / Getty Images

Although the delivery of the stimulus check is being a faster delivery process , the cut of The due date is increasing the pressure among citizens as some may wait more weeks or even months.

The Internal Revenue Service (IRS) just activate your tracking tool for the second stimulus check , however, time is already running out. The IRS and Treasury only have until 15 January deadline to send the new wave of payments of $ 600 dollars per person , so it will be until then when the direct deposits , the paper checks and the EIP cards will be issued.

Processes seem to be getting more faster than during the first round of delivery of stimulus checks , however, not all who qualify will receive your payment before the deadline.

Agencies may run out of time while delivery may be delayed. Your position in the paid group program could give you an idea if you will be among the first to receive a second check from $ 600 dollars or you are at the end of the line.

If you wonder what happened to the last minute push to replace the checks of $ 600 dollars with a maximum of $ 2, 000 dollars , that opportunity is over unless the new Congress accepts a bigger stimulus check. Meanwhile, President-elect Joe Biden has already endorsed a third stimulus check in 2021.

Direct deposits

Although direct deposits have an advantage, there is a catch. People who have their direct deposit information on file with the IRS are in the first group of people who receive the $ 600 Dollars. An electronic funds transfer is faster and more efficient than sending a paper check, which means that the IRS can process a larger number of people more quickly . As of 30 December a large number of citizens began to receive their money.

As of Monday, January 4, the IRS launched the tool to track the second stimulus check over the internet, however if you do, be aware that you will not be able to register or modify information of your direct deposit. Which means that in case of not receiving your deposit until 15 January you will have no choice but to wait for the check by post .

Related: How to track your second stimulus check and other shipments through the USPS app?

Social Security beneficiaries

As The IRS had direct deposit information for many people who receive social benefits from the federal government, they began to receive their second stimulus check starting this first week.

For SSDI and SSI beneficiaries they receive federal resources through the card Direct Express , but in the first installment this group of person s received their stimulus check through a paper check.

Paper checks are coming

From Wednesday 30 December The IRS began mailing the first paper checks by mail . Although the speed is higher than the first time, there are also limitations that you need to know.

The United States Treasury can process between 5 and 7 million paper stimulus checks a week , in addition to checks from other federal programs, according to a report that the Office of Government Accountability which released in June, which means some people will have to wait.

Anyone who does not receive their stimulus check by 15 January will have to claim when the tax filing season begins on 2021 . This action will give people who sign up for direct deposit a head start.

Until now, timing has become a question of how much soon the taxes can be filed for the 2020 and how quickly the IRS could process your return. These two scenarios are influenced by several factors. February filers may receive their stimulus check money in the form of a Recovery Refund Credit months earlier than people who wait until 15 April to file your return.

Related : In which pay group are you in to receive the second stimulus check for $ 600 Dollars?

EIP cards

The EIP debit cards are prepaid Visa cards that the IRS can send in lieu of a paper check. The IRS has said that will begin shipping EIP cards this week , a change from the delay that they suffered a month ago when they were first shipped last year. The same rules apply to paper checks. If you don’t get yours for the 15 January, you will need to submit a Recovery Refund Credit between 18 of January and April 18 as part of tax season.

People with special situations

This category includes people who received their stimulus check after June, who have not yet received their full payment, or who did not know they needed to complete an extra step. It is not yet clear what would happen if there was a problem during the process and the Recovery Refund Credit was delay even more. The IRS is likely to set a different deadline and to fix clerical errors , such as lack of money, the withholding of the check for living in a U.S. territory and not receiving the money you expected, or the court ruling that made it possible for millions of people who were incarcerated to receive a check after the IRS will change to exclude this group.

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