‘Payment status not available:’ You might not be getting your stimulus check after all
South Floridians not sure how much $600 stimulus checks will helpWhile $600 coronavirus stimulus payments have started hitting bank accounts across the nation, many won’t be receiving checks or direct deposits this time around. The IRS has created a Get My Payment tool for qualifying Americans to see when their money is coming. “If (Get My Payment tool) shows ‘Payment Status #2 – Not Available,’ then you will not receive a second Economic Impact Payment and instead you need to claim the Recovery Rebate Credit on your 2020 Tax Return,” the statement read. “We are happy to share that stimulus payments will begin to be deposited starting January 8th. Your payment will be deposited into the same bank account that you received your 2019 tax refund,” the statement said.
Here’s when you could receive your second stimulus check
WASHINGTON – A second stimulus check, this time $600 for most American adults, could be arriving as a late Christmas present for many. Congress agreed to a $900 billion pandemic relief package Sunday that includes $600 direct payments to adults who earn up to $75,000 plus an additional $600 for each dependent. The House and Senate are expected to vote on the deal Monday and likely pass the measure. Let me emphasize: People are going to see this money at the beginning of next week,” Mnuchin said. Click here to read more on this story from CNBC.
U.S. Rep. Michael Waltz discusses coronavirus relief bill on ‘The Weekly’
Meanwhile, millions of Americans are still struggling to make ends meet after the $600 per week federal assistance that was provided in the last coronavirus relief bill expired more than a month ago. U.S. Rep. Michael Waltz, (R) District 6, joined anchor Justin Warmoth on “The Weekly on ClickOrlando.com” to discuss why lawmakers haven’t been able to come to an agreement on what the bill should provide. “I found it disappointing that we were called back by Speaker Nancy Pelosi and she only wanted to discuss this post office issue,” Waltz said. “She didn’t want to deal with unemployment, she didn’t want to deal with liability reform for businesses, didn’t want to deal with state and local issues in terms of their financial needs. Watch “The Weekly on ClickOrlando.com” every Sunday at 7:30 a.m. on News 6.
If we get another stimulus check, what’s the best way to use it? 3 ideas from a financial planner
The advertiser paid a fee to promote this sponsored article and may have influenced or authored the content. The views expressed in this article are those of the advertiser and do not necessarily reflect those of this site or affiliated companies. We asked Certified Financial Planner Nancy Hecht, of The Hecht Effect, how to use it. Put it toward bills or catch up on the requirements of day-to-day life, save the money to bolster your liquid cash savings or pay down debt: for example, student loan debt or credit card debt. Despite the fact that there’s been some debt forgiveness, you’re still going to have to pay back money, possibly on the back end of a loan.
Still haven’t gotten your stimulus check? Some things you can check on in the meantime
Important question: Have you gotten your stimulus check yet? In fact, most people don’t need to take any action, and will automatically receive the payment. Let’s talk through the tools available to investigate what might be holding up your check, prepaid debit card or direct deposit. You’re eligible for the Economic Impact Payment, right? Here’s a detailed list you should triple-check just to make sure you’re eligible for the payment, and see how much you should receive.
Treasury sending stimulus pay in debit cards
If you are still waiting on your stimulus payment from the government during the coronavirus pandemic, keep an eye out for a debit card in the mail. The U.S. Treasury Department announced Monday it’s going to start mailing some stimulus payments on debit cards. Until now, payments had been either directly deposited in an individual's bank account or sent as a paper check. The Visa debit card can be activated immediately. It can be used to make purchases, get cash at an ATM or to transfer funds into a bank account without being charged a fee.
Where’s my check? Answers to common relief payment questions
The distribution has had some hiccups, including an overwhelmed website, payments to deceased taxpayers and money sent to inactive accounts. For those with direct deposit information on file with the IRS, based 2019 or 2018 tax return, payments began going out on April 10. Others who are not required to file tax returns, such as low-income individuals, were encouraged to file basic information on the IRS website. Anyone who is eligible but does not have direct deposit information on file will be mailed a check. The IRS has a Get My Payment tool on its website for people to add their direct deposit information or track the status of their payment.
$2,000 a month during COVID-19 pandemic? Dem. lawmakers propose bill
WASHINGTON – As many Americans are slowly getting their stimulus checks, two lawmakers in Washington D.C. are hoping to provide families with more money during the COVID-19 pandemic. The two Democratic lawmakers are proposing a bill that would provide monthly payments of $2,000 to Americans until employment levels return to normal. Reps. Tim Ryan of Ohio and Ro Khanna of California announced the Emergency Money for the People Act on Tuesday. According to the representatives, the monthly payments of at least $2,000 would go to those 16 or older who make less than $130,000 a year. The bill, if passed, will likely face additional hurdles when it enters the Republican-controlled Senate.
Here’s how you can get your stimulus check faster and electronically if you didn't file taxes
Here’s how you can get your stimulus check faster and electronically if you didn't file taxesPublished: April 15, 2020, 11:03 amMany Americans do not file taxes or haven’t updated their banking information since the last time they filed. The IRS is now allowing people to add new electronic banking information.
Check your bank account: Floridians receive stimulus checks as COVID-19 cases rise
An estimated 80 million people will get their stimulus payments via direct deposit this week, CNN reported, citing the Treasury Department. Anyone earning $75,000 or less will receive $1,200 as a direct deposit into their bank account, distributed by the IRS. Direct deposit is the preferred method for the government to issue the money, but paper checks will be mailed eventually as well. They should start receiving their checks after April 24, when about $30 million in paper checks are scheduled to be mailed out. Those who have filed their 2018 or 2019 tax returns and have also authorized a direct deposit will receive their money first.