Next batch of stimulus payments ramps up paper checks and debit cards

Next batch of stimulus payments ramps up paper checks and debit cards”

As a third round of stimulus checks is dispersed, some frustrated couples have only received half of their payment.

A couple filing jointly can file a Form 8379, known as an injured spouse claim, when the other owes federal back taxes, has defaulted on a federal student loan or owes child support.

"The second batch of payments includes direct deposits, as well as paper checks and debit cards being sent through the mail", it said.

Americans can check the status of their stimulus payment by going to the "Get My Payment" site on the IRS' website.

The American Rescue Plan, passed by Congress earlier this month, includes $1,400 payments for individuals and dependents and $2,800 for married couples, subject to income limits. They can check the statuses of their payments separately with the IRS' online Get My Payment tool.

The agency is now in the midst of delivering a second batch of checks: Checks being delivered via direct deposit started processing on Friday and will be available by Wednesday, according to a joint news release from the Treasury Department, IRS and Bureau of the Fiscal Service. "More information about when these payments will be made will be provided on as soon as it becomes available". Many of those checks are paper checks or pre-paid debit cards that will be mailed to recipients.

The IRS says that additional payments will continue being sent over the coming weeks.

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Lawmakers narrowed the scope of the payments this time so that not everyone who received a previous check will be sent one now. But the money will phase out faster than the first two rounds, cutting off individuals who earn $80,000 a year or more, and couples who earn $160,000 a year or more.

The new income thresholds will be based on a taxpayer's most recent return.

The IRS has prioritized delivering the checks to people who have either filed their 2020 or 2019 tax returns, as well as those who used the "Non-Filers" website that the agency operated past year. If you have not filed a 2020 tax return, the IRS will use 2019 tax information to determine eligibility.

The IRS has already delivered a third round of stimulus checks to 90 million Americans - but not everyone has gotten the full payment for which they're eligible.

But the bill did not protect the money from private debt collectors. Some people could see the funds in their accounts earlier, potentially as provisional or pending deposits.

Democrat Sen. Sherrod Brown of OH introduced a bill last week that would fix the problem, but it has yet to be taken up for a vote.

"To me, "shortly" is two to three days, not two weeks", Stevens said, noting that he has only $600 in his bank account.

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