Eighty million Americans eligible for a coronavirus stimulus payment via direct bank deposit have received it, according to USA Today and ABC News.
That means, however, that at least half of those getting something have not yet seen their money from a $2.2 trillion federal government economic relief package that was passed earlier this month. It’s frustrating, but not time to worry or panic that you for some reason won’t be getting paid, experts say.
The biggest reason why your neighbor might have received a payment but you haven’t appears to be a clerical issue: Even if the IRS has your tax returns from 2018 and/or 2019, if you didn’t get a refund in 2018 or 2019, that could delay things.
“If you didn’t file a 2018 or 2019 tax return, or you filed one but weren’t due a refund and therefore didn’t include bank account details, then you’ll need to give the IRS that information so your stimulus payment can be processed quickly,” The Motley Fool writes
“Thankfully, the IRS has launched a new tool that lets you input your bank details and effectively register for your stimulus payment -- but don’t delay, or you’ll have to wait on your money even longer.”
Track your payment or enter banking information by clicking here.
Keep in mind that some citizens with old bank account info on file could have seen money sent to a closed account, which will slow things down because of rerouting. The IRS reportedly entered some account numbers incorrectly, too.
It’s also possible that, even though you think you’re getting a direct deposit, you might be on the paper check list. While checks are expected to start going out this week, some might not receive them until September based on their adjusted gross income and other tax return filing information.
Per The Fool again, here’s a schedule of the week you could receive a check if one is coming:
- Paper checks for people with up to $10,000 in AGI: the week ending April 24.
- Between $10,000 AGI and $20,000 AGI: the week ending May 1.
- Between $20,000 AGI and $30,000 AGI: the week ending May 8.
- Between $30,000 AGI and $40,000 AGI: the week ending May 15.
- Between $40,000 AGI and $50,000 AGI: the week ending May 22.
- Between $50,000 AGI and $60,000 AGI: the week ending May 29.
- Between $60,000 AGI and $70,000 AGI: the week ending June 5.
- Between $70,000 AGI and $80,000 AGI: the week ending June 12.
- Between $80,000 AGI and $90,000 AGI: the week ending June 19.
- Between $90,000 AGI and $100,000 AGI: the week ending June 26.
- Between $100,000 AGI and $110,000 AGI: the week ending July 3.
- Between $110,000 AGI and $120,000 AGI: the week ending July 10.
- Between $120,000 AGI and $130,000 AGI: the week ending July 17.
- Between $130,000 AGI and $140,000 AGI: the week ending July 24.
- Between $140,000 AGI and $150,000 AGI: the week ending July 31.
- Between $150,000 AGI and $160,000 AGI: the week ending Aug. 7.
- Between $160,000 AGI and $170,000 AGI: the week ending Aug. 14.
- Between $170,000 AGI and $180,000 AGI: the week ending Aug. 21.
- Between $180,000 AGI and $190,000 AGI: the week ending Aug. 28.
- Between $190,000 AGI and $198,000 AGI: the week ending Sept. 4.
- All other checks (e.g., those who didn’t have tax info on file): the week ending Sept. 11.
If none of the above reasons explain why your money hasn’t shown up yet, USA Today has some other possible reasons, including delays for veterans and seniors.
More coronavirus coverage:
- Face masks become mandatory in Pennsylvania: Here’s what you need to know
- Pa. distillers selling ‘unreal amounts of booze’ during coronavirus pandemic
- Which states besides Pennsylvania require masks in public because of the coronavirus?