To expedite the payment of stimulus checks, it will be necessary to comply with four essential steps
The IRS began sending the first round of checks to people with lower incomes in May.
Photo: Chip Somodevilla / Getty Images
Negotiations for a new stimulus bill are likely to resume until the Republican National Convention closes this Thursday. A significantly reduced Republican Party stimulus bill and a new government funding bill Postal Service The United States are also diverting attention from the initial proposal for a broader economic aid package for Americans.
Although there is no official plan yet, it is likely that you will receive this second stimulus check it works much like the IRS did the first time.
1. Direct deposit:
If you filed your tax return in 2018 or 2019 and included the bank information for direct deposit, you can probably receive your check as a direct deposit.
Even if you didn’t submit your direct deposit information to the IRS during tax season, you should have more options to opt out of it.
In case you requested an extension of your taxes, you can file them before the due date of the October 15, 2020 and choose to share your direct deposit information with the IRS.
When this happens and the IRS reopens the online tool that you used during the first round, the system will allow you to record your information at that time.
2. A paper check through the mail
If you did not file your bank details with the IRS, you will likely receive a paper check by mail, which you can deposit or collect. If you have recently moved, be sure to present your address change papers. He IRS will use your last known address, which could delay the delivery of your check or cause a delay.
The IRS recommends updating your information in the event that a second stimulus check is approved. You can check here the four steps that will be essential for you to claim your right.
3. Prepaid card
Under the CARES Act, about 4 million people also received money in the form of a prepaid card for “payment for economic impact”, which is spent as cash. The cards They arrived in unmarked, white envelopes and ready to go.
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