That $600 second stimulus payment might not arrive if you changed banks

To send the latest payment to Americans, the IRS is using account information that was either provided on your 2019 tax return, non-filer registration, entered into the "" tool before Dec. 22 or provided by a federal agency issuing benefits — such as the Social Security Administration, Veteran Affairs or the Railroad Retirement Board, according to its website.

Currently, this account information including direct deposit details cannot be changed or updated, according to the IRS. That means that if you have a new bank account and didn't previously update your information with the IRS, you won't get your payment. In the first round of checks to Americans, if a bank rejected and returned a stimulus payment because of incorrect account information, the IRS would then mail out a paper check or debit card. But this time, the IRS won't do that.

"The IRS is working hard to deliver the second Economic Impact Payment quickly, as required by law, while still preparing for the upcoming 2021 tax filing season," the agency said on its site, . "Due to the compressed timeline, the IRS is unable to reissue and mail checks and instead encourages people to file their 2020 tax return electronically to claim and receive the Recovery Rebate Credit as quickly as possible."

acorns Stay away from Robinhood. They are always getting hacked and tech support is useless. They even issued a debit card for my mothers account to someone in Indonesia. Her account is registered to an address in Georgia !!! They sent a card to Indonesia.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Newsom proposes $600 payments to Californians in need and extending COVID-19 eviction moratoriumCalifornia Gov. Gavin Newsom proposes extending eviction protections and expediting $2.6 billion in federal rental assistance for low-income tenants.
Source: L.A. Times Health - 🏆 364. / 59 Read more »

California governor proposes $600 pandemic stimulus for low-income residentsCalifornia Governor Gavin Newsom on Wednesday proposed giving $600 in stimulus cash support to millions of low-income residents and extending an eviction moratorium to ease financial strain caused by the COVID-19 pandemic. You conveniently neglected to mention illegals get checks too.
Source: Reuters - 🏆 2. / 97 Read more »

How the $600 stimulus checks could affect your tax refund this yearIf you're missing a stimulus check, you can claim it as a credit on your upcoming tax return. But that doesn't necessarily mean you will get a bigger refund.
Source: CNBC - 🏆 12. / 72 Read more »

Mega Millions jackpot for 01/12/21 reaches $600 millionThe new jackpot is already the fourth-highest in Mega Millions history, and it could be the second-highest by the time of Tuesday night's drawing.
Source: Newsweek - 🏆 468. / 52 Read more »

Here are 2 strategies you should use to invest your $600 stimulus checksWhile your $600 stimulus check may not be a substantial amount of money when it comes to investing, it can be a good starting point to get you into the market. acorns invest..HAHAHA..investing in food acorns Invest hell, lot of people need to buy food. acorns Wow, out of touch, much?
Source: CNBC - 🏆 12. / 72 Read more »