“Pending” coronavirus stimulation checks. How to make sure you get yours. – GV Wire
Wondering when your coronavirus stimulus check will arrive? You’re not alone.
Reports of federal stimulus checks of $ 1,200 starting to arrive this week have prompted people to frantically check their bank balances online – sometimes several times an hour.
According to the Twitter hastag #Stimuluscheck, there is a lot of anxiety and confusion about when stimulus checks are sent to millions of Americans.
Has anyone ever received their stimulus check? Will I ever get it? 🤔🤔🤔🤔 #Stimuluscheck
– Nicole ☀️🇺🇸🏳️🌈 (@NicoleBulanchuk) April 10, 2020
I’m so ready my bank account says $ 1201.45 !!!! #Stimuluscheck
– Patrick Tingley (@patrick_tingley) April 10, 2020
Checks for $ 1,200 to individuals
Stimulus checks are part of the federal CARES law passed by Congress to help stabilize the economy during the coronavirus pandemic. By law, eligible Americans are expected to receive up to $ 1,200 each, subject to income limits, and an additional $ 500 for each eligible child in their care.
According to social media posts, stimulus check deposits have been initiated by the IRS, but it appears the money is not yet accessible. A number of Twitter users claim their bank accounts show “pending” transfers from the government.
This follows with reports by Politics that the Treasury Department was due to start advising banks of incoming payments on Friday. The process takes a few business days, which means that the money would finally be available to spend mid-week.
A spokesperson for the Treasury Department said 50 to 70 million Americans will receive direct deposit payments to their bank accounts by April 15. Electronic checks are first sent to those who have already provided their banking information to the IRS through their most recent tax returns.
Taxpayers who have received tax refunds or made payments due by paper check instead will receive their stimulus checks in the mail. It could mean that some people might not receive the money until September.
IRS Launches Online Registration Tools
However, the IRS is working to activate an online tool for people who want to update their records with direct deposit information to speed up the delivery of their coronavirus check to their bank accounts. The tool is called Get my payment and the IRS says it will be operational no later than April 17.
People can also use the Get my payment link it to check the status of their coronavirus stimulus control. The IRS encourages the public to check back often for updates.
For those who were not required to file income tax returns in 2018 or 2019, tIRS launched a similar web tool to determine eligibility and register for the follow-up check. The ‘Non-Filers’ tool is available now.
Providing banking information during the registration process will allow the government to perform an electronic funds transfer. The portal includes additional information on who should use it and how to complete the registration process.
People who receive Social Security retirement or disability benefits or railroad retirement benefits will receive their stimulus check in the same way they receive these existing payments.
This story has been updated.