Stimulus Payment Update: The IRS is exploring options to correct stimulus payments. According to the IRS, they issued some direct deposit payments to accounts that may be closed or no longer active. Some checks were mailed to the wrong address if the IRS didn’t have your current address. In the meantime… see below.
If you didn’t receive your second stimulus payment or received less than expected, this is what the IRS says:
The IRS issued some direct deposit payments to accounts that may be closed or no longer active. Some checks were mailed to the wrong address if the IRS didn’t have your current address. You cannot change your bank account or mailing information with the IRS at this time and can claim the stimulus amount on your 2020 tax return. It will be called the Recovery Rebate Credit on the 2020 Form or 1040-SR.
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Fact check here: if you didn’t receive your second stimulus or received the wrong amount.
Source: IRS Press Release
If you are seeing Payment Status #2 on the Get My Payment (GMP) tool, it is a problem. Read more about Payment Status 2 here.
