Friday, January 8, 2021

Payment Status #2 – Not Available Problem with Stimulus Checks

Taxpayers who have recently checked the status of their 2nd stimulus check with the IRS Get My Payment tool and o have received the message “Payment Status #2 – Not Available” will not receive a second stimulus check automatically, the IRS has stated. 

The agency has started automatically depositing and mailing out millions of the the second economic impact payments, worth up to $600 for individuals and each of their child dependents.

And while many Americans have received their second stimulus payments as was intended, the IRS now says that people receiving the "Payment Status #2" message on the Get My Payment tool may have to wait until they file their 2020 taxes to get the payment, even if they've received the first stimulus check with no issues. 

“The IRS advises people that if they don’t receive their 2nd Economic Impact Payment, they should file their 2020 tax return electronically and work thorugh the return to claim the Recovery Rebate Credit (line 30 of the current form draft) to get their entitled crdit (in lieu of a direct payment) and any resulting refund as quickly as possible,” notes the agency.

A spokesperson for the agency did not clarify why this is the case or why the issue seemed to affect those who had filed their 2019 taxes through H&R Block and TurboTax in particular.

No comments:

Post a Comment