If your $1,400 stimulus check hasn’t arrived yet, you’re not alone. Since March, the IRS has sent out over 167 million payments, but some have gone astray. If you’re one of those still waiting, it’s time to figure out what’s going on.
Verify
The first step is to confirm whether the IRS has actually sent your payment. If you’ve received a letter from the IRS stating that your payment was issued but haven’t seen the money yet, it’s time to take action. This also applies if you’re missing your first or second stimulus checks from 2020.
Causes
There are several reasons why your payment might be delayed or missing. The IRS may have outdated information, such as an incorrect mailing address, or there could be an issue with the payment itself. If you’ve recently moved, ensure that the IRS has your current address.
If the amount you received is less than expected, you might be eligible for an additional payment, known as a “plus-up.” This adjustment is based on your most recent tax return. The IRS will calculate and issue this payment automatically, so you don’t need to file an amended return.
Request
If you think your payment is lost, you can request a payment trace from the IRS. This involves the IRS tracking down the payment and verifying whether it was cashed. If it wasn’t, the IRS will issue a replacement payment.
Deadlines
The timing for requesting a payment trace depends on how your payment was sent. For direct deposits, wait at least five days after the IRS says the payment was issued. For checks sent by mail, the wait times are longer: four weeks for a standard address, six weeks if the check was forwarded, and nine weeks for foreign addresses.
If your first or second stimulus checks are missing, you can no longer use the IRS’s Get My Payment tool to track them, so you’ll need to initiate a payment trace. However, for the third stimulus check, you can use the Get My Payment tool by entering your Social Security number, date of birth, and address.
Claiming Missing Payments
Another way to claim missing payments is by filing for a recovery rebate credit. This is particularly useful if you don’t usually file a tax return. This credit allows you to claim any missing stimulus payments when you file your tax return.
If you’re also waiting on a 2020 tax refund, you can track that money using the IRS’s online tools, which can tell you if there’s a problem with your tax return that needs to be resolved.
What to Expect
Tracing a lost payment can take about six weeks, though delays are possible due to limited IRS staffing. During this time, the IRS will investigate the status of your payment and determine if a new check needs to be issued.
Staying informed about potential future stimulus payments and other financial aid is also crucial. The government is considering additional aid packages, so keeping up with the news can help you prepare and know what to expect.
To check the status of your third stimulus payment, use the Get My Payment tool on the IRS website. Enter your Social Security number, date of birth, and address. If the tool shows that your payment was issued but you haven’t received it within the expected timeframe, it’s time to request a payment trace.
Additional Tips
Keeping your information updated with the IRS is essential to avoid delays in future payments. Ensure they have your correct mailing and banking information so that any future payments arrive on time without issues.
If you continue to experience issues receiving your stimulus payment, consider contacting the IRS directly. Though wait times may be long, speaking with a representative can help resolve specific problems and ensure your information is correct.
Next Steps
If your stimulus check is still missing, take action now. Verify your payment status, use the available tools, and request a payment trace if necessary. Stay informed about future financial aid and ensure your information with the IRS is up-to-date.
In summary, if your stimulus check hasn’t arrived, several steps can help you resolve the issue. From checking the status of your payment with the Get My Payment tool to requesting a payment trace or filing for a recovery rebate credit, there are many ways to ensure you receive the money you’re owed. Stay proactive, and keep an eye on updates to maximize your benefits.
FAQs
What is a plus-up payment?
It’s an additional stimulus payment based on your latest tax return.
When can I request a payment trace?
After 5 days for direct deposits and up to 9 weeks for mailed checks.
How do I check the status of my stimulus check?
Use the IRS’s Get My Payment tool with your SSN and address.
Can I claim missing stimulus payments?
Yes, through a recovery rebate credit on your tax return.
What if my address changed?
Update it with the IRS to avoid missing future payments.
