Here’s the latest timeline on when you might see the money and what to do if you haven’t received it yet.
The IRS has started processing and sending out stimulus checks for millions of Americans after President Joe Biden signed the $1.9 trillion coronavirus relief package. Refer to Third Economic Impact Payment. But it could take some time before individuals and families see the money, and in some cases, it may depend on what bank you have.
Payments to eligible Americans will continue throughout the course of the next several weeks.
If you are getting Payment Status Not Available from the IRS stimulus check tracker – don’t be alarmed,” said Daniel Ahart, chief tax officer at the tax preparation company Daniel Ahart Tax Service®.”
According to the IRS, if you receive that message it can mean one of three things:
- You are not eligible for the payment.
- The payment has yet to be processed.
- The IRS doesn’t have enough information to issue the payment to you.
The IRS re-launched the “Get My Payment” tool on the IRS.gov website to help Americas track their own payments.
Check also the Q&As about the Third Economic Payment for more information.
And remember, the federal agency said it will continue to issue the 2021 Economic Impact Payments throughout 2021. Schedule a consultation with your tax experts now.
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