7 ways you can prep for a $600 stimulus check todayDecember 20, 2020
On Sunday, the House of Representatives will vote on a said Sunday. (Here’s why some may .)that’s tied to a government funding bill. The current includes a for $600 per adult and could change the that might affect . It appears that many of the qualifications will remain the same in a . People who got the first direct payment are expected to receive the second check as well, Sen. John Barasso
However, if timing is everything, and you felt you waited longer for your first check to arrive, we have some suggestions that may help you get your. These tips are based on common issues that delayed the first stimulus payment for millions of people. If you handle some of these potential roadblocks now, your may change, which could possibly bring your quicker.
We explain more below. We’ve also created specific stimulus resources that could be helpful if you are, if you or are on the . In case you’re wondering, here’s what we know about the possibility of a for 2021. This story has been updated with new information.
If you moved, change your address with the IRS
If you moved to a new address after filing your 2019 tax return (or any time during the), you need to do two things to make sure your stimulus check and other important information about the payment can reach you: .
You need to do this even if your new location is temporary — you can always update your details if you move again. Even if your first check came(which means your second check likely would, too), you still want to make sure your address is updated so that you receive the IRS’ letter verifying when it sent your payment. If the letter arrives, but your funds do not, you’d know you have an issue to resolve.
To change your address with USPS, visit usps.com/move. To do so with the IRS, you have three options: fill out Form 8822, change your address by phone, or notify the IRS in writing at “the address where you filed your last return” by giving your full name, your old and new addresses, your Social Security number, individual taxpayer identification number or employer identification number, and your signature. (Find more detailed instructions on .)
Confirm your banking details are up to date
If your banking status changes, it could an analysis by the think tank Urban Institute. People who identify as white and whose incomes were above the poverty line were more likely to have received their first stimulus check by the end of May than people who identify as Black, Hispanic or below the poverty line, the analysis found, because the went to people who had their bank account information on file with the IRS.. Black Americans and other people of color are more likely to be “unbanked” than white Americans, according to
Several large banks, including Bank of America, JPMorgan Chase and Wells Fargo, now offer more affordable checkless bank accounts as part of a government-backed effort to help people enter the banking system.
Aa first check did, based on your . If you’re a person without a bank account and your first payment came in the mail, either by check or , a second is likely to come in the same way.
Prepare to set up direct deposit with the IRS
If you bank with a financial institution, you should soon be able to use the IRSonline service to , as well as find out the status of your check and see . The initial May deadline to sign up for direct deposit for your first check has passed, but would likely reopen when and if a second check happens. Here’s everything you need to know about .
Fill out this form if you weren’t required to file taxes in 2018 or 2019
People who earned below the threshold to be required to file federal income tax returns in 2018 or 2019 did not get a stimulus check unless they(this group includes low-income families with children and a disproportionate number of Black people and people of color).
If your first check is, you have unfortunately missed the Nov. 21 nonfilers deadline, . (You can .) You should also fill out the nonfilers form so that the IRS has your information on file if a second check is approved.
If you have overdue child support, pay it off ASAP
If you owe more than $150 in(called arrears), your state may reserve the right to , based on how much you owe. This may also be the case with a second stimulus check. If possible, you should pay any overdue child support as quickly as you can to make sure you get your full stimulus check, as well as a possible payment for your child.
If you’re owed child support, you may receive money garnished from your child’s other parent, though it may take a while to get to you after it is processed by the state. Find out more about.
Sort through your tax papers. Yes, really
If you(which was on Oct. 15), you can still file late. There’s no penalty for doing so if you’re owed a refund, but if you owe the IRS money, you’ll have penalties and interest for any remaining unpaid tax due starting on July 16, 2020, along with a $300 failure-to-file penalty.
However, if you owe federal taxes or have other federal debts, theto cover those — the only exception being if you owe child support. For those who don’t file taxes but , you can claim your payment on your 2020 tax return next year. (Important caveat: If you did file a 2019 tax refund, even if you weren’t required to do so, don’t use the nonfilers tool — it’ll just slow down the processing of your return and any refund.)
Make sure you’re eligible for a stimulus check
. Most of the general requirements for receiving a first stimulus check under the March would likely hold true for a second, including certain income limits.
Here’s who qualified for the first round,on your 2018 or 2019 taxes:
- If you’re a single filer and earn less than $99,000
- If you file as the head of a household and earn under $146,500
- If you file jointly with your spouse and earn less than $198,000
However, there are a lot of exceptions and rules depending on your situation (you can find a more detailed list of). Find out what your stimulus check could look like , , or .