Since the beginning of the Covid-19 pandemic, the U.S. government has distributed three rounds of stimulus checks. However, some people are missing a check or feel the money they received was too low.
In mid-March, the IRS began sending third-round stimulus checks. Millions of Americans have received their payments, but some have experienced delays. The IRS are aware of this and are urging people to file a federal tax return to claim the missing payments. However, individuals must make the claim by May 17th. Submitting a return can help if you are due the third payment of $1,400. Furthermore, the tax agency has until the end of the year to send out the third-stimulus payment. If you used the IRS online non-filer tool during the first-round stimulus payments, you should not have to resubmit your information.
You may experience a delay in your payment if you recently closed your bank account that the IRS has on record. If this is the case, there is not a way to provide the IRS with your new bank details. However, you should receive a paper check by in the mail. This can cause further delays in receiving your payment. Another explanation for your delayed payment could be due to you not filing a tax return in 2019 or 2020. Not everyone has to file a tax return, but if you do then you will have to claim your entitled amount as a Recovery Rebate credit on your 2021 tax return.
Depending on your income, you may not be entitled to a third stimulus check. The government reduce stimulus checks for individuals with an adjusted gross income of $75,000 or more as a single filer. If you are a head-of-house filer, the threshold increases to $112,500.