10/5/2023 0 Comments Turbotax card 2nd stimulus check![]() ![]() In that case, there's no reason to worry - the IRS will use your 2019 tax return to determine how much you should receive.īut this becomes trickier for people who aren't required to file tax returns, such as those with no or very little earnings, which can be the case for some people on Social Security. Many people probably haven't filed their 2020 tax returns yet, given that the deadline for getting in your tax forms is April 15. You haven't filed your 2019 or 2020 tax returns That's because the IRS prioritizes getting the stimulus money out quickly to those it knows it can reach - and it's a massive effort, given that the tax agency has $422 billion in funds to distribute to more than 100 million taxpayers. It's most likely that people who have filed their 2020 or 2019 tax returns and have a bank account on file with the tax agency will quickly receive their stimulus checks through direct deposit, based on the prior payment rollouts. For instance, some people who didn't have a bank account on file with the IRS during the previous two rounds of checks had to wait several weeks for debit cards or paper checks to reach their homes. It's also likely that some of the issues that stymied delivery for some people in the previous two rounds of stimulus could cause a repeat situation the third time. But while some households will see the funds as early as this week, others may be in for a longer wait.Ībout 85% of people will receive one of the $1,400 checks, Mr. ![]() The third stimulus check is already hitting some bank accounts, just days after President Joe Biden signed the American Rescue Act into law. Stimulus checks begin hitting bank accounts as Biden team tours nation to sell COVID relief plan 01:52
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