If you haven’t received your stimulus check yet, don’t panic. There are a ton of reasons why that might be.
First things first, you’re not the only one, more than half of Americans have yet to get their money, so you’re not alone in this.
Keep in mind that the Internal Revenue Service starting mailing paper checks this week. This will also be on a weekly basis.
People receiving paper checks, are individuals who have not provided direct deposit information. Your mailing address recorded with the IRS is where your paper check will be sent to, according to the House Committee on Ways & Means.
These checks are also not being mailed all at once. This process could take up to 3 or even 4 months, according to the House Committee on Ways & Means. You can check the “Get My Payment” tool for an updated status on your money.
People with lower adjusted gross incomes will be the first to receive their money via paper check.
People who receive Social Security benefits, specifically individuals who receive an SSA-1099 or RRB-1099, will get their money the same way they receive their Social Security, again by direct deposit or mail.
This group, will mostly likely be the next round of payments, because they typically are not required to file federal income tax returns.
Now, if you’re a Veteran, it is still undetermined when exactly you will be receiving your stimulus check, according to the IRS.
“Since many VA recipients typically aren’t required to file tax returns, the IRS had to work with these other government agencies to determine a way to quickly and accurately deliver Economic Impact Payments to this group,” said IRS Commissioner Chuck Rettig.Chuck Rettig
Taxpayers who filed returns in 2018-2019, your child payments will be automatic. Benefit recipients who do not file tax returns but have children that qualify, can visit and register at “Non-Filers: Enter Payment Info”, said the IRS.
However on the plus side, Veterans and their beneficiaries that receive compensation and pension benefits do not need to file extra forms for the $1,200, according to the IRS.
Disabled individuals can see their checks as early as May.
“Treasury has announced that adult SSI recipients will receive their rebate by early May at the latest, in the same way as they receive their normal benefits,” according to House Committee on Ways & Means.House Committee on Ways & Means
Now these are only a couple of reasons why you may not have received your stimulus check just yet.
However, it’s critical to keep in mind that you should check in with the IRS website that is continually updated with FAQ information and addresses some very specific scenarios.