If you're still holding out on your stimulus check arriving, you are not the only one.
Newsweek estimates that an estimated 60 million to 70 million Americans still haven't received theirs, even though some reported seeing the money as early as April 10. For those who are counting on the $1,200 (or more) economic impact payment from the IRS, here are some possible reasons for the delay:
_Your check is being mailed.
The IRS is still processing direct deposit payments, but physical checks going through the U.S. Postal Service will likely take longer.
"That process of printing and stuffing those checks is going to take many weeks, and the estimate I've seen is that it will take about four to five months," David Wilcox of the Peterson Institute for International Economics told news station WFSB.If you did not specify direct deposit on your tax return, you can use the IRS' "Get My Payment" app to list bank details and hopefully speed up the process.
_You did not file taxes in 2018 or 2019.
Even if you did not file taxes in 2018 or 2019, you can use a page on irs.gov to submit your information and receive a direct-deposited payment. According to the IRS, nonfilers include those who "had gross income that did not exceed $12,200 ($24,400 for married couples) for 2019" or "were not otherwise required to file a federal income tax return for 2019, and didn't plan to."
_Your direct deposit information is out of date.
Is your direct deposit information up to date with your current bank account? If the last time you filed taxes was a while ago, your bank details may need to be updated. It's possible a stimulus check went to an old bank account, WFSB reported.
You can review the information on file using the IRS' website or "Get My Payment" app.
_You used a third-party service to file taxes.
Many Americans utilize services including H&R Block or TurboTax to file taxes, but those mobile services may mean the IRS doesn't have your direct deposit information. According to The Washington Post, the IRS is aware of the issue but still recommends inputting bank information on the "Get My Payment" portal.
