When you get your stimulus check and how much you get depends on several factors.
Americans are confused as to what happened to the stimulus check deposits that were supposed to appear in their bank accounts on Wednesday.
The Department of the Treasury and the Internal Revenue Service launched the “Get My Payment” web app for people to track their payments, which were hit by early problems at launch.
About 80 million people were due to receive the deposit this week, the Treasury Department announced on Monday. But on Wednesday, many people expressed concern and concern when the government’s website said the money, up to $ 1,200 per person, had been sent to a bank account that did not seem to belong to them.
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The events unfolded similarly for many of the people who contacted the IRS via Twitter. They would submit their contact information on the government’s payment tracking portal, and the results would show that the money was due on April 15.
However, the figures did not correspond to a bank account that people knew.
“I was so confused,” said Aimme Saldana, 23. “I don’t know where they got this number from. The warehouse worker from Ontario, California, planned to use the check to cover the bills. “I lost two weeks of wages because I was sick. I depended on it to pay for my car. “
The IRS portal has stated that if you do not see the payment credited to your account, check with your bank to verify that it has received it. He also gave the last four digits of the bank account number associated with the deposit.
It is unknown how many people this has happened, although many have contacted the IRS on Twitter for answers.
IRS spokesperson Jodie Reynolds told the United States TODAY that she had heard nothing about stimulus checks deposited in the wrong bank accounts and would consider the matter.
Thomas Krapin, 25, of New York, planned to use part of the money to cover the rent. As soon as the deposit information appeared on the website, he “panicked”.
“After I pressed Submit, the account number they entered did not match any of mine. I called my bank and there was nothing they could do. There was no connection to my account, “said Krapin.
Chris Rodriguez, an entrepreneur from Lansing, Michigan, has been using the same bank account for almost a decade, so he knew straight away that the numbers weren’t adding up.
“You are jubilant because you were waiting to get this money. And you look down and the bank account number isn’t even close, “said Rodriguez. “Because the IRS doesn’t take calls, I’m more or less dead in the water. “
Reynolds said people should contact their bank if they think the checks were deposited in the wrong bank account. She said that people can also check the status of their dunning checks at https://sa.www4.irs.gov/irfof-wmsp/login – the part of the Get My Payment portal website. ‘IRS.
If the checks are sent to bank accounts that don’t match the name of the person who is supposed to receive the funds, the check should be rejected by the bank and returned to the IRS, according to Reynolds.
“The payment is not going to bounce back and sit here,” said Reynolds. “We’re going to turn around and cut them a paper check and make sure they get their money.”
Reynolds said that people can update their bank account with the IRS online before checks are sent and that the IRS will send notices “letting people know about the status of their payment”.
Contact the IRS, report the problem
Douglas Johnson Jr., financial and banking consultant based in Santa Monica, California, said that taxpayers who think their checks were sent to the wrong bank account should contact the IRS via the agency’s website and report the problem.
“It will be up to (the IRS) to determine whether it went on the wrong account or not,” said Johnson. “But the taxpayer’s obligation is not to know which wrong recipient he went to. “
“You would just go to the IRS and say,” Hey, I didn’t get my money. You made a mistake, here is the correct information, please send me the right money. That would be the logical way to solve it. “”
Anat Admati, professor of finance and economics at the Stanford Graduate School of Business, said the issue would depend on government responsibility.
“It is a massive operation and we hope they will know what they are doing since people need this money,” said Admati.
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