But even people who start seeing the money post to their bank accounts this weekend may not actually be able to access it until next week (more below). There are tens of millions more who will have to wait even longer. The White House has acknowledged it will take weeks to send the entire batch ofto over 100 million people (the second payments were sent to ). is a good start for figuring out where you fall in line, but there additional factors that could affect when you get your .
For example, with, the IRS will have to process new payments using either . There’s also the matter of how long it takes to actually deliver your payment. If the IRS switches your payment group around, would you get your stimulus money sooner, or be part of a later wave? What if a rule change means ? We’ll walk you everything you need to know now. This story was recently updated with new information.
When will I get my stimulus check?
The Treasury and IRS said they started sending out the first payments, with more going this weekend and over coming weeks, by and through the mail as a or . The IRS said some may see the direct deposit payments as pending or as provisional payments in their accounts before the official payment date of March 17. Direct deposit groups have first priority, followed by those who will be mailed a check.
And that’s just the start date. It could still take days or weeks for the date a mailed payment is processed and scheduled to send for it to actually appear on your doorstep. Any additional complications could also delay your payment.
Dozens of banks and financial institutions have started receiving stimulus check transfers through direct deposit, according to a list of over 300 banks maintained by the r/stimuluscheck forum on Reddit, which is monitoring banks and financial services for payments to financial accounts. These include Bancorp Bank, Chime and Navy Federal Credit Union.
Stimulus check delivery dates (semi-final)
|Stimulus bill passed Congress||March 10|
|Stimulus bill signed into law||March 11|
|First direct deposit sent||March 12 (pending), March 17 (official)|
|First paper checks sent||Week of March 22 possible|
|First EIP cards sent||Week of March 29 possible|
|IRS deadline to finish sending checks||Dec. 31, 2021 (mandated by the bill)|
|Last date to receive a check||January 2022 (if checks sent late December)|
|Claims for missing stimulus money open||2021 tax season likely (in 2022)|
When you can track your payment schedule online
The IRS said it will turn on Get My Payment, its , on Monday, March 15, to show you the status of a payment — and then some. This is a useful tool for people who receive a stimulus check in any form. The portal can also flag if there’s a problem with your payment that you may need to address.
Your payment group can affect your delivery date
The IRS identifies three payment groups based on how your money is sent:
- deposits going to temporary accounts that were rejected by banks. In some cases, these people got paper checks or EIP cards instead, or had to wait for the issue to resolve. : Typically got their stimulus money in the first wave. But both times there were issues involving
- Paper checks: This is the payment type the IRS sent out second. A physical check can take weeks to arrive by mail, but the check can be deposited or cashed right away once it arrives.
- : This payment type arrives as a prepaid debit card you must activate online to use. The IRS issued EIP cards last, delaying the payment’s arrival for this recipient group by weeks.
Remember, it takes time for the IRS to process the well over 100 million payments expected in this third round of checks. Even tiny errors could cause a delay in you receiving your full or partial payment. (Here’s more information for, and .)
The IRS could change your priority group, too
Just because you got your payment by direct deposit the first two times doesn’t necessarily mean you’ll get it that way again. A lot depends on delivery going smoothly, and on any processing issues the IRS or Treasury could encounter with your case. (See below for tips on how you could speed up delivery.)
The IRS told CNET in January that some people who received their first stimulus payment as a physical check or EIP card may have been paid by the other method the second time around. And, anecdotally, we learned of people who received direct deposit payments the first time finally getting an EIP card in the mail — and not an electronic bank transfer — weeks after the IRS tool said the payment was issued.
The other payment groups we’ve loosely defined include Social Security beneficiaries who received payments a different way the first time if they’re part of the, and people with more complex scenarios that could lead to potential . People in different are one example we’ve seen, as are and people with .
The new payment cutoff is about 9 months away
Although the IRS and Treasury are acting fact to send stimulus checks, the agencies have until Dec. 31 to complete sending out the third payments. That’s good news in the sense that they aren’t facing a compressed deadline to send out all the checks. On the other hand, it also means some people may find themselves waiting, for a variety of reasons. There’s still so much we don’t know about how the IRS will deal with any fringe issues that arise.
Your stimulus check is based on whichever tax return the IRS processed last
Taxes are, and although the , that doesn’t appear likely this year. So how will the IRS figure out how much it owes you? It will based on the most recent tax filing it’s processed by the time it’s ready to tabulate your check.
If youand you , your total would likely be on 2020’s , not 2020’s, as intended. That presents complications if the difference between the two years . (Learn more about some of the .)
If you get a partial check, you’ll have to wait to claim the rest
There are several reasons the IRS could owe you stimulus money for the third round of checks. Maybe the agency processed your 2019 tax return instead of 2020 and there was a discrepancy. Or youyou still need to claim as a dependent. Or a clerical error accidentally left out a . Maybe your payment never arrived or was .
Whatever the reason, the IRS may provide a way to file for missing stimulus money before the Dec. 31 deadline. If not, you, until you file your 2021 taxes in 2022 (even if you’re a ).
You might be able to avoid a check delay, in some cases
While you don’t honestly have much control over the situation, there may be. For example, we recommend signing up for when you submit your , if you .
If you already have an account, make sure your details are correct. We also suggest you try to. While you can (you’d still have to pay taxes owed now) whether that will help or hurt you may get a little complicated.
If you’ve. Here are our other suggestions for how people can make it more likely they’ll . Note that there could be some that may not apply to a possible third stimulus check.
There are more stimulus check details for these groups to know
Stimulus checks aren’t necessarily a one-size-fits-all situation. Here are additional guides for:
Here’s everything you need to know about the, and every other way the .
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