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Stimulus check update: What to do if your ‘plus-up’ payment is missing as IRS sends out almost 700,000
The IRS has issued advice on how to track down your missing “plus-up” stimulus payment as 700,000 more are sent out.
The “plus-up” payments are being sent to Americans who did not receive the entire amount they were eligible for when they were first issued with their third $1,400 stimulus check.
The IRS issued 700,000 ‘plus-up’ stimulus payments this week[/caption]
It includes those whose income fell between filing their 2019 and 2020 tax returns and those who may have a new child listed as a dependent for 2020, KDVR reports.
“These ‘plus-up‘ payments could include a situation where a person’s income dropped in 2020 compared to 2019, or a person had a new child or dependent on their 2020 tax return, and other situations,” the IRS said.
The “plus-up” payments in total value nearly $1,2billion.
The IRS advised on Thursday that Americans missing a “plus-up” payment can file for the extra money in their 2020 tax return.
The IRS issued two million more third $1,400 stimulus checks this week[/caption]
It will ensure the full stimulus amount is received and that any extra benefits a person is eligible for – such as the 2020 Recovery Rebate Credit, the Child Tax Credit, and the Earned Income Tax Credit – are sent their way.
The deadline to file 2020 tax returns is May 17.
The IRS issued two million more third stimulus checks it said Thursday, of which 700,000 were “plus-up” payments.
It saw roughly $1.3 billion in $1,400 stimulus checks go out to qualifying people.
These included Americans whose information the IRS didn’t have when previous batches of stimulus checks went out.
This batch of payments first began to be processed on April 16 with a payout date of April 21.
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Yet some Americans began to see the payments appear in their accounts at the start of last week.
Individuals can still use the Get My Payment took on the IRS website to receive updates on the status of their third stimulus payment.
The IRS has said it will continue to issue further rounds of the third $1,400 stimulus check on a weekly basis.
