But her payment for this round of economic relief went to an account she did not recognize. Learn what you need to know about how the Inflation Reducation Act and tax law changes impact your 2022 taxes. Samantha Smith of Dallas said she received her $1,200 relief payment in the spring via direct deposit without any issues. However, many people said that they checked the IRS site and found their payments were sent to an account they did not recognize. Taxpayers can use the Get My Payment tool on the IRS website to find out about the status of their payment. Some payments are also being sent via paper check or debit cards during the month of January. It has the Visa name on the front of the Card and the issuing bank, MetaBank. The Economic Impact Payment Card, or EIP Card, will come in a white envelope prominently displaying the U.S. People should watch their mail carefully. The IRS said that direct deposit payments would take several days to post to individual accounts but funds were largely available on Monday. The form of payment for the third stimulus payment may differ from the first two. Those earning more than that are eligible for a reduced payment. The payment is $600 for each eligible adult and dependent for people earning up to $75,000, or $150,000 for married couples filing jointly. We now know a little more about those of the. The IRS and the Treasury Department began issuing the Economic Impact Payments last week. Its possible your 1,400 stimulus check could show up in your mailbox in the form of a prepaid debit card, or EIP card. Please look at the time stamp on the story to see when it was last updated.Ī number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. This is an archived article and the information in the article may be outdated.
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