Some Americans across the country had themselves a “stimmy weekend” as their stimulus checks hit their bank accounts late Friday night and Saturday morning.
Of course, there were many people who didn’t get their checks, and they might have to wait even longer.
What’s going on?
People who struggled to get their stimulus check during the last round of distribution — when the Trump administration dished out $600 checks — will struggle to receive their checks early this time, too, CBS News reports.
- For example, there are some Americans who didn’t have a bank account on file with the IRS, which caused a delay for the last check. Those same people may need to wait for their new check.
- “It’s most likely that people who have filed their 2020 or 2019 tax returns and have a bank account on file with the tax agency will quickly receive their stimulus checks through direct deposit, based on the prior payment rollouts,” according to CBS News.
So who gets them first?
One Treasury Department official told CNBC the first round of stimulus checks will be distributed to those who have given the government their direct deposit information.
But Wells Fargo, Chase might have to wait.
The HIll reports that Wells Fargo and Chase banks won’t start processing checks until Wednesday, a decision that sparked heavy criticism on social media.
Remember, you might not qualify.
There’s a chance you don’t qualify for the entire stimulus check under the new relief plan, as I wrote about for the Deseret News.
Individuals who make $80,000 or less and married couples making $160,000 or less will receive a stimulus check up to $1,400 per person, as I wrote for the Deseret News.
- Those who earn $75,000 or less will get the full amount of $1,400.
- But the checks will diminish in value for those who make between $75,000 to $80,000 (or couples who make between $150,000 and $160,000).
What should you do if you didn’t get a check yet?
A TurboTax spokesperson told CBS News that there’s really nothing for you to do right now. Instead, it’s a waiting game with the IRS.
- “You don’t need to do anything to get your stimulus check,” the spokesperson said. ”The IRS will determine eligibility based on your last tax return (either 2019 or 2020) and will likely send your payment to the bank account where your tax refund was deposited.”
- “If you haven’t filed your 2020 return yet, you can do that now to give your most recent information to the IRS, including bank account or address information to help ensure your stimulus check goes to the right place.”