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Tuesday, April 13, 2021

irs stimulus 1400The next wave of stimulus checks began trickling out Friday and will continue through the weekend and into next week, the IRS announced this week. Some people who are eligible for the payment are already reporting that the money is showing up in their accounts or is on the way in the mail. Those who receive Social Security, SSI and SSDI benefits are included in this batch of $1,400 payments and should look for their money to arrive electronically on a Direct Express card or through paper checks in the mail.

Most of these payments are expected to land April 7, said Friday Jessica Docourt in a cnet’ report.

Also in this batch will be 2 million "plus-up" payments made through direct deposit and by mail. However, people who receive veterans benefits and don't file taxes are still waiting on a payment date. (Here's how to track your check with the IRS and follow your payment to your mailbox.) For millions of people, getting this check may be just the first part of the journey. There are several situations that could result in a partial payment, such as if the IRS uses your 2019 taxes to calculate your stimulus share, but you're entitled to more (this is what the plus-up adjustments are about). There may've been a change to your AGI, or maybe new dependents, like a 2020 baby, were left out.

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It could be there's a holdup in delivering your stimulus check and you'll need to know how to report that or find the rest of your payment. For example, if your check never arrives (but an IRS letter said it did), you may need to request a payment trace. That's why it's critical you know how much money you should expect. We will explain what to anticipate below. In the meantime, here's what we know about a fourth stimulus check happening, and how child tax credit payments will bring more money if you have eligible dependents and qualify for the CTC. This story was updated with new information.

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