The IRS Is Sending $500 to People Mistakenly Denied Money For Dependent Children. Here’s What We Know.

While another stimulus check is currently in limbo, there is some good news for those of you that have dependents.

According to several reports, the IRS is currently sending out $500 to people who mistakenly were denied money for their dependent children.

Now, it’s important to know that this ONLY applies to those that used the IRS’s non-filers tool before May 17 and claimed at least one qualifying child.

Turns out, the IRS mistakenly failed to send you $500 per qualifying child. I mean, that’s a pretty big (and expensive) mistake.

To correct their mistake, the IRS is sending money to those people who were affected. I mean, better late than never, right?

If you believe you were affected, you don’t need to do anything to get your money.

The IRS already began making direct deposits on August 5, 2020, and mailing checks and debit cards on August 7, 2020. So, check your bank account and watch your mail like a hawk.

If you do believe you were affected and are owed money by the IRS, you can check the status of your payment at irs.gov/coronavirus/get-my-payment.

While this isn’t great news for everyone, it’s certainly great news for some!