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USA: Did You Get A Second Stimulus Check Today? Here’s Why

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USA: Did You Get A Second Stimulus Check Today? Here’s Why

USA: Did You Get A Second Stimulus Check Today? Here’s Why. Some Americans are seeing a surprising second stimulus check deposited into their bank account this week. Was there some kind of mistake?

Not at all – here is why.

The stimulus check created by the Cares Act was signed into law back in March. It created a $1,200 check for single filers who earned less than $75,000. Joint filers who earned less than $150,000 received $2,400. Those with dependents, ages 16 and younger, received an additional $500 for each dependent.

There was one very specific scenario that led to an underpayment of the stimulus check and this week, the IRS is getting around to making it right.

If you qualified for a stimulus check but were not required to file a tax return and used the IRS Non-Filers: Enter Payment Info Here Tool to enter your information before May 17th, there was a programming error that didn’t include any of your dependents.

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The IRS sent you a check for your economic impact payment (EIP) but you didn’t get the $500 per qualifying dependent. The IRS explained that there was a programming error that they fixed on May 17th so only those people who entered information before that day missed out on the $500 per dependent.

If this describes your situation, and you’ve been wondering why, now you know why that amount was missing. Fortunately, you don’t need to do anything because the IRS is sending out a second stimulus check covering the missing amounts this week.

The IRS has updated its website to explain the delivery schedule and how it would be executed (Question 53):

“The IRS will automatically issue the additional $500 EIP per qualifying child to affected individuals in early August for those who used the Non-Filers tool before May 17, 2020. Direct deposit payments are scheduled for August 5, 2020, and paper checks or debit cards are scheduled to be mailed August 7, 2020. You can use Get My Payment to check the status of the $500 EIP per qualifying child, and you will receive another notice in the mail letting you know the $500 EIP per qualifying child was issued.

If you received your EIP by direct deposit, the additional $500 EIP per qualifying child will be direct deposited to the same bank account.

If you received your EIP in the mail, the additional $500 EIP per qualifying child will be mailed to your address of record.

If you used the Non-Filers tool on or after May 17, 2020, your EIP included $500 per qualifying child.”

For the most part, you will receive the additional $500 per dependent in the same way you received your first stimulus check. It’s unclear what will happen for those Americans who received their check as a debit card.

My educated guess is that it will come as a paper check in the mail since the debit cards were a change late in the process. You could check your debit card balance to see if the amounts were added but I suspect it’ll be mailed by check.

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