Kansas City, Missouri 2021-01-13 06:00:56 –
Kansas City, Missouri — The second time, the process of sending stimulus checks has been smoothed. Still, Glitch left some people empty-handed.
“The second round of stimulus has changed things so rapidly that the IRS has processing issues and pays a significant number of closed bank accounts,” said Kathy Pickering, H & R Block’s chief tax officer. I sent it. “
The· problem It has affected some taxpayers who have used preparatory companies such as H & R Block, TurboTax and Jackson Hewitt.
Pickering said the tax industry has been working hard with the IRS to solve the problem.
“The IRS is working to reissue these payments in the next two weeks, so there’s really no action taxpayers should take,” she said.
Another reason for the delay may be that the check has not yet been mailed. The IRS must send the remaining payments until January 15th.
If the IRS Get My Payment tool indicates that your check will be mailed, you can: Track its status..
However, if you don’t see your payment after waiting a few weeks, it may be time to use your tax return to charge your money.
IRS has Suggestion Use this method if you see “Payment Status # 2-Not Available” when you check the “Get My Payment” portal.
Stimulation payments can be claimed on a tax return through Recovery Rebate Credits.
The· Instructions The 1040 tax return includes a rebate credit worksheet on page 59, which allows you to calculate your outstanding amount.
Once you have decided on the amount, you can enter it on line 30 of your tax return.
Collected rebate credits apply to taxpayers in several situations:
- Those who are eligible for a second financial impact payment but have not received it
- Those who will have children in 2020 and are eligible for an additional stimulus fund
- Those who had a significant change in income in 2020
“Let’s say you had a fairly stable income with high wages in 2019. You may have reached the threshold of phasing out without receiving the full amount of the incentive. But in 2020 … yours Your income may be reduced and you may be eligible to receive the full amount. “
The H & R Block has more information on tracking stimulus payments and other pandemic-related tax issues. website..
Still no stimulus check? Here are your next steps Source link Still no stimulus check? Here are your next steps