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IRS $1,200 Stimulus: Why Your Check Is Not In The Mail

PYMNTS

If your $1,200 federal COVID-19 stimulus payment has been deposited into your bank account by the Internal Revenue Service (IRS), consider yourself one of the lucky ones. An IRS spokesman told PYMNTS that only about 80 million payouts – about half of the expected total – had been issued as of last Friday (April 17).

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IRS Launches Consumer Portal For Getting Stimulus Checks

PYMNTS

A new IRS portal for coronavirus relief payments has been launched in conjunction with the U.S. The non-filer tool can be used by U.S. citizens and resident aliens who are not claimed as dependents and had gross income below $12,200 ($24,400 for married couples) in 2019, according to the IRS site.

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IRS Has Rocky Start With Stimulus Funds As Money Misrouted

PYMNTS

From error messages on the Get My Payment tool to misrouted funds and checks sent to dead people, the IRS is having a tough time getting coronavirus stimulus money into the hands of those who need it most. . Instead, most taxpayers are getting a frustrating error message that says “Payment Status Not Available.

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Next Round Of $1,200 IRS Stimulus Checks To Go Out Soon

PYMNTS

The key groups who will receive these payments include people who aren’t required to file tax returns, such as those who receive Social Security, Supplemental Security Income (SSI) and veterans’ affairs benefits. In addition, tax filers who have recently provided bank information to the IRS will get the payments.

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QuickBooks Offers Direct Deposit for B2B Independent Contractors

PYMNTS

A product launch from QuickBooks seeks to profit from one of the main ongoing trends in payments now: getting wages to independent contractors as quickly as possible. QuickBooks on Thursday (May 31) said it is now offering “Contractor Direct Deposit” as a new feature in QuickBooks Payroll.

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For Taxpayers Looking For Stimulus Checks, IRS Site Leaves Them In Limbo

PYMNTS

Many people have instead received frustrating messages of “Payment status not available.” Others, using the IRS’s Get My Payment tool on its site, have seen messages like “Unable to determine eligibility,” in cases where direct deposit information is unavailable.

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Stimulus Checks Pose Issues For H&R Block, TurboTax 

PYMNTS

Payments for the second round of economic impact payments were reportedly sent via mail or direct-deposited into people’s accounts on file. Millions were slated to be automatically deposited by Jan. Those users were looking for deposits on the IRS Get My Payment tool.

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