According to White House Press Secretary Jen Psaki, the Internal Revenue Service could begin sending out the first wave of direct deposit checks as soon as this weekend-with the payments expected to continue over the next several weeks.
Some Americans are already seeing the latest round of stimulus payments hit their bank accounts, as the first batch of funds is rolled out. The IRS and tax partners took steps to redirect stimulus payments to the correct account for those affected, the agency said. The vast majority of these payments will be by direct deposit.
Now her third $1,400 payment is showing the wrong bank account information again on the agency's tool at a time when her medical bills are piling up. For individuals who are the head of household, the adjusted gross income must be $112,500 or below. Those making over $80,000 ($160,000 for couples) will not receive a check. Taxpayers will receive the same amount for each dependent.
The IRS said more people will receive their payments over the next week. We'll update this post when we know more.
Payment Status Not Available: This message means either your payment hasn't been processed yet, you are not eligible for a payment or the IRS doesn't have enough information about you. Social Security and other federal beneficiaries will generally receive this third payment the same way as their regular benefits.
Eligibility for the stimulus checks is based on income. This includes anyone who successfully registered online at IRS.gov using the agency's Non-Filers tool previous year, or alternatively, submitted a special simplified tax return to the IRS.
The retired nurse, who lives in Camden, South Carolina, receives Social Security disability benefits.
In the prior rounds, if the IRS didn't have routing and account information for a direct deposit, taxpayers would be sent either a check or debit card in the form of a new EIP Card.
Some taxpayers are frustrated that they might have to wait for a paper check in the mail, while others still haven't received a dime of their second payment that was supposed to arrive months ago.
Under the new law, an EIP3 can not be offset to pay various past-due federal debts or back taxes. The $1,400 payments will go to each adult, child and adult dependent, such as college students or elderly relatives. This means that some people won't be eligible for the third payment even if they received a first or second Economic Impact Payment or claimed a 2020 Recovery Rebate Credit. Also, contributing more to tax-favored retirement or health savings accounts or deferring income, such as waiting to sell a business stake or stock, could keep your income within the limit to qualify for the full stimulus check amount.
Unlike the first two payments, the third stimulus payment is not restricted to children under 17. Either your payment has been processed or you are eligible but it hasn't been processed yet.