Ebene News – US – Your second stimulus check may be delayed if you’ve changed banks or moved

The latest round of $ 600 stimulus checks are in the works, but for people who have changed their bank account information or moved recently, the next payment may be delayed

The IRS has already started the process of issuing checks by direct deposit, and some people have already noticed that payment is pending on their account

Typically, payments are dated January 4, which means funds won’t be available until then Checks sent this way will continue this week and into next, according to the IRS agency said that she had started mailing paper checks and debit cards on Wednesday

Here’s what you need to know to get your second check if you’ve recently moved or changed banks

The IRS uses account information that was provided on your 2019 income tax return, non-filer record, entered into the “Get My Payment” tool before December 22, or provided by a federal benefit agency at ???? like the Social Security Administration, Veterans Affairs or the Railroad Retirement Board, according to its website

At the moment, this account information, including direct deposit details, cannot be changed or updated, according to the IRS This means that if you have a new bank account and have not previously updating your information with the IRS, you will experience a delay in getting your check

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If the direct deposit information on file is out of date or incorrect, the IRS will send you a paper check or debit card This will likely happen after your direct deposit is first rejected by the bank for having debts. incorrect information

If your address has changed you will likely experience a delay in receiving your check in the mail.However, if you have changed your address there are several ways to update this information with the IRS

You can call the IRS and provide the updated information, submit a change of address form, or use your new address on your tax return

The IRS will also be relaunching the “Get My Payment” tool in the coming days with updated information on the second round of checks, including status

If you think you should have received a check in the mail, but the post office was unable to deliver it, the tool may be able to give you more information on how to proceed All payments returned to the IRS because they cannot be delivered will be held by the agency until an updated address is provided

Although the IRS has said payments will be sent in the next few weeks via direct deposit and that the mailing of checks and debit cards will end in January, it is likely that the process could take longer. for some people in fact, there are people who have not yet received the first payment

If you qualify for a check and don’t receive one, you may be able to get it later IRS says to claim payments as recovery refund credit when you file your return in 2020 revenue in 2021

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CHECK OUT: Suze Orman: Don’t pay your debts with a second stimulus check – ???? here is your “ first priority ” via Grow with Acorns CNBC

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Ebene News – US – Your second stimulus check may be delayed if you changed bank or moved

Source: https://www.cnbc.com/2020/12/31/600-stimulus-checks-may-be-delayed-if-you-changed-your-bank-or-moved-.html