Tag: stimulus check

Stimulus Check Snafus: What Happens When Your Payment Goes Astray
October 11, 2023 Off

Stimulus Check Snafus: What Happens When Your Payment Goes Astray

By The Admiral Staff

If your stimulus check was sent to the wrong bank account—whether closed, overdrawn, or unrecognized—you will eventually receive your payment, but it will likely take longer. If the account is closed, the bank will return the check to the IRS, who will then mail a paper check. If an account is overdrawn, banks may apply the payment to the negative balance, though many have paused this practice. For those who received their refund via a tax prep service’s temporary account, the

Second Stimulus Showdown: 8 Ways It Differs From the First Check
January 27, 2021 Off

Second Stimulus Showdown: 8 Ways It Differs From the First Check

By The Admiral Staff

The second stimulus check, sent in late December 2020, differs from the first in several key ways. Payments are smaller ($600 vs. $1,200), but are being distributed faster. Dependent children now qualify for $600 (up from $500), and income phaseouts are lower, impacting eligibility for more people. The IRS is using 2019 tax returns for eligibility, and unlike the first round, those owing child support