3 things decide how fast your stimulus check will arrive. What to know, including key datesFebruary 21, 2021
It seems like such a simple question: When will a potential newarrive? The answer is anything but. Although President Joe Biden’s is moving at a lightning pace compared to debate around the there are a number of twists and turns that could slow down or otherwise complicate when you’d get new .
Although you could see mark up the proposal it has so far and intends to bring the bill to a vote by the end of next week. We know Democrats want a bill approved by March 14. And we know details of the plan to for faster approval.in a new stimulus payment, even one that to (here’s ) the date you could personally expect to receive a is still a little squishy. We know the House of Representatives will
But the March 14 goal to pass the bill is just one factor. Another is how long it could take theand a third is which payment group you’d be in to receive it — that designation has changed before and could change again. Below, we map out possible dates and explore questions about the . This story is frequently updated.
Potential stimulus check timeline: When your check could arrive
If a stimulus bill passes by March 14, we can take an educated guess as to when the IRS could start sending the first payments, based on how quickly the IRS turned around the previous check. Even so, many uncertainties remain.
For example, it’s possible negotiations could slip a week while politicians work to finalize the bill. If the Senate makes changes, it would go back to the House for a vote which could lead to delays — the timeline to hit March 14 is already tight for the pace of legislation. In addition, the, and it isn’t clear how the agency and new Treasury Secretary Janet Yellen would prioritize delivering a third check and processing tax returns.
We also expect the IRS to prioritize payment groups the same way it did with the first two checks: By groups we mean people who receive stimulus payments via, as or on . Keep reading to see why your group could change and what, if anything, you can do about it. It could take weeks for the IRS to process every group’s funds, so consider the possible dates below as just a starting point. We refresh these dates as the situation evolves.
When could the next stimulus check possibly arrive?
|Stimulus check passes Congress||Friday, March 12||Monday, March 22|
|Stimulus bill signed into law||Sunday, March 14||Tuesday, March 23|
|First direct deposit check sent||Week of March 22||Week of March 29|
|First paper checks sent||Week of March 29||Week of April 5|
|First EIP cards sent||Week of April 5||Week of April 12|
|Claims for missing stimulus money open||May 3||May 3|
Which payment group you could be in, why it could still change
When you get your stimulus money may depend on how you get it. That was largely true with the first two checks (there are always some exceptions) and would likely play out similarly the third time around. deposits going to temporary accounts that were rejected by banks.typically get their stimulus money faster, as evidenced by how the government handled the first two rounds of payments in March and December. But both times there were issues involving
The IRS told CNET in January that some people who received a physical check orthe first time may get paid by the other method the second time around. And, anecdotally, we’ve heard 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.
While you won’t have the final say in how you get your payment, we recommend signing up forwhen 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.
The other payment groups loosely defined (by us) 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 .
How tax season complicates a third stimulus check
Since ais likely to drop in the (taxes are ), the IRS may have to based on the most recent tax filing it has. That would be your , or 2019 taxes if the check is ready before your tax return is. This could also . (Learn more about some of the .)
If you’re owed money, you, until you file your 2021 taxes in 2022, according to the latest proposal being considered in Washington. Filing for a in a way that could be different if the itself.
By mid-March, tens of millions of Americans may have already received their tax refunds, which could make it tricky for the IRS to straighten out problems or redact refunds after issuing.
Is there a way to make your money arrive faster?
There may be, assuming the stimulus bill is approved. For example, signing up for with your 2020 tax return would put you in the priority category for a third stimulus payment.
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.
Will the IRS have another deadline for sending out payments?
The Jan. 15 deadline for the second stimulus check approved in December was written into the text of the bill without explanation. Anyone who didn’t receive all or part of their second payment must claim it as part of the IRS’to get the funds owed — even if they have .
The latest proposal would give the IRS a Dec. 31, 2021 cutoff to complete sending out the third stimulus checks.
What these groups need to know about stimulus checks
Stimulus checks aren’t necessarily a one-size-fits-all situation. Here are our guides for:
Here’s, including what to do if you ran into problems with .