Using the online tool “Get My Payment” recipients of the second stimulus check can track it.
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He Internal Revenue Service (IRS) clarified on its website that, as part of the distribution process of the second round of stimulus checks, the beneficiaries will not be able to update the information online to request that the payment arrive through direct deposit.
The process for distributing the “Economic Impact Payments” began at the end of last December with the first bank transfers. Many of the recipients were unable to use the money until January 4, the official payment date, even though the funds were reflected as deposited in the account.
Those who received the money electronically are the Americans who provided the bank information before, some before the first stimulus check began to be distributed as part of last tax season.
The rest of the beneficiaries will have to wait for the second stimulus check to arrive in the mail as a paper check or in the form of a prepaid debit card.
The scope of “Get My Payment”
In that sense, the agency specified that the “Get My Payment” tool to track the status of your payment will reflect the information of the bank account that the person provided in their 2019 tax return, entered in the registration of the tool “Non-Filers” or through Get My Payment before December 22, 2020.
The IRS.gov website further specifies that the data it uses to process payments is based on data supplied to federal agencies such as the Social Security Administration, Veterans Affairs, and the Railroad Retirement Board.
Problems with deposits in temporary accounts
In the case of erroneous stimulus check deposits in temporary accounts such as those provided by tax preparation companies (H&R Block and Turbo Tax) at the time the 2019 return was filed, the IRS indicated that they are taking corrective action to redirect payments to the correct accounts.
“Some recipients may have directed their payment to the temporary bank account established when their 2019 tax return was filed. The IRS and tax industry partners are taking immediate steps to redirect stimulus payments to the correct account for the affected. The IRS anticipates that many additional taxpayers will receive payments after this effort, ”the entity states on the website.
The IRS solution to requesting any economic stimulus payment due is to claim the same through a “Refund Recovery Credit” on your 2020 tax return.