Second Stimulus Check | How To Get Yours If You Don't Have It Yet

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The second stimulus check for Americans was sent early this month. If you don't have yours yet, find out why and what you can do to get it!

All the details for the Second Stimulus check that went out in early January ….

Toward the end of December, The Senate revealed their latest Coronavirus relief package, which included a second round of stimulus checks. These checks from the new Economic Stimulus Package were direct deposited into accounts beginning in early January. Mailed checks were sent out December 30.

This second check was a little different from the first round. The first wave of checks that were mailed out earlier this year included $1,200 as well as $500 per each dependent child under 17. This NEW round of stimulus checks had $600 for singles and $1,200 for married couples filing a joint return. In addition, those with qualifying children will also receive $600 for each qualifying child. Dependents who are 17 and older are not eligible for the child payment.

Why haven't I received my stimulus check and how can I get it?

The IRS is continuing to make deposits for these checks through this Friday (January 15). It's possible that your check just hasn't yet made it into your bank account. There was also an issue with those that used H&R Block software last year for taxes – causing a delay in stimulus check processing.

If you don't receive your check by Friday either in the mail or direct deposited into your account (or the amount is not what you expected) and you met the qualifications, here is what you can do.

File a Recovery Rebate Credit with the IRS

This may give you an additional credit on your taxes, but it is best to contact the IRS to make sure that you have all of the forms you need.

If you don't usually file taxes and haven't received your stimulus, you will need to contact the IRS to see if there is anything to be done.

They did have a program set up for non-filers to notify the IRS, however, that form was required to be completed by November 21, 2020.

Who Qualified for the Second Stimulus Check?

Those making under $75,000 per year
If you file jointly and make under $150,000 per year
If you have any dependents, you will get an extra $600 per dependent. (Dependents of 17 and older do NOT qualify)
If you earn more than $75,000 per person, you'll still get a check but deduct 5% of the amount you make over $75,000.
Those making $99,000 or more (per person) do not qualify.

How Much Money Did the Second Stimulus Check Provide?

Qualified people will get a $600 stimulus check or $1200 if you file jointly.
If you have dependents, you will get an additional $600 per dependent (Dependents of 17 and older do NOT qualify)

How Do I Get My Stimulus Payment?

If you already filed your 2019 Tax Return, you won't need to do anything. Your check will be direct deposited to your bank, or mailed to you as a check. I know most of us got our checks much faster if we chose direct deposit, versus those who had to wait on a physical check.

Mailed payments may also be sent as a prepaid debit card. If you receive an Economic Impact Payment Card, it will arrive in a plain envelope from “Money Network Cardholder Services”. You can then transfer that money to your bank account if you wish.

If you have not (or do not) file – you'll need to head over to the IRS website to give them some information.

Find out more details and updates about the new stimulus check here.

Is there going to be a third stimulus check?

There has been some chatter about an additional stimulus check – in the amount of $2,000 per person. President-elect Joe Biden has expressed support for additional funds as well as several Representatives in both the House and Senate. There is also talk of a $600 weekly federal unemployment benefit with the next Coronavirus relief support bill, but the details have not been announced until a bill is voted on and finalized.

It is looking, however, very likely, that this will happen sooner than later. Just yesterday, January 12, House Majority leader-designate Chuck Schumer stated “We will get that done” when discussing another COVID-19 relief package.