When was the second economic impact payment

The Internal Revenue Service has been sending out the second round of stimulus payments that were part of the Coronavirus Response and Relief Supplemental Act of 2021. 

Some Facts about Stimulus Payments

What are the economic impact payments? 

  • The stimulus payments are refundable tax credits, which means your next tax bill will be reduced by the amount of the stimulus you receive. For example, if you receive $600 and owe $500 in taxes, the federal government will refund $100 to you.  Additionally, you will not pay income taxes on the stimulus, nor will it reduce your tax refund or increase the amount you owe. 

Who is eligible to receive a stimulus payment:

  • U.S. citizens and resident aliens who are not being claimed as a dependent on another’s income tax return. 
  • Single adults who reported a 2019 tax return with an adjusted gross income of $75,000 or less are eligible to receive $600.
  • Married couples who filed jointly with an adjusted gross income of up to $150,000 will qualify to receive $1,200. 
  • Families with children under 17 will receive an additional $600 for each child. 

How to receive the payment

  • If you filed an electronic tax return in 2019 and provided bank account information, or you receive Social Security, the stimulus payment will be automatically deposited into your account.
  • Anyone who received the first round of stimulus in 2020 but don’t qualify for a  direct deposit will receive a check or, in some instances, a debit card.  
  • If you didn't get the full Economic Impact Payment, you may be eligible to claim the Recovery Rebate Credit. 

If you haven’t received your check or direct deposit, visit Get My Payment to check the status. The data is updated every night. 

If a deceased member of your family received a stimulus check, you can find instructions on how to return the payment at the IRS.

According to the IRS all EIP2 payments have been sent. Please note the payment status for the first and second Economic Impact Payments is no longer available using the Get My Payment Tool. To get information on the first or second round of Economic Impact Payments, the IRS requires eligible individuals to view or create an online account. You can also check your mail for IRS Notices 1444 and 1444-B. Refer to the IRS website for more information.

Based on information from the IRS, if you did not receive a first and/or second Economic Impact Payment or if you received less than the full amount, you may be eligible to claim the 2020 Recovery Rebate Credit and must file a 2020 tax return even if you do not usually file a tax return.

Last Reviewed: April 2021

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on HelpWithMyBank.gov should not be construed as legal advice or a legal opinion of the OCC.

With checks, you know the drill: get the check, deposit the check. Since you might not have gotten money on a VISA debit card before, here’s a bit more info. The EIP VISA debit card will come in an envelope that looks like this:

When was the second economic impact payment

The debit cards are managed by Money Network Financial, LLC and issued by Treasury’s financial agent, MetaBank®, N.A., and will look like this:

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December 29, 2020

WASHINGTON – Today, the Treasury Department and the Internal Revenue Service will begin delivering a second round of Economic Impact Payments to millions of Americans as part of the implementation of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.  The initial direct deposit payments may begin arriving as early as tonight for some and will continue into next week.  Paper checks will begin to be mailed tomorrow, Wednesday, December 30. This second round of payments will provide critical economic support to those who, through no fault of their own, have been adversely impacted by the COVID-19 pandemic.

 

“Treasury and the IRS are working with unprecedented speed to issue a second round of Economic Impact Payments to eligible Americans and their families,” said Secretary Steven T. Mnuchin. “These payments are an integral part of our commitment to providing vital additional economic relief to the American people during this unprecedented time.”

 

Eligible individuals will receive an Economic Impact Payment of up to $600 for individuals or $1200 for married couples and up to $600 for each qualifying child. Generally, if you have adjusted gross income for 2019 up to $75,000 for individuals and up to $150,000 for married couples filing joint returns and surviving spouses, you will receive the full amount of the second payment.  For filers with income above those amounts, the payment amount is reduced. 

 

This second round of payments will be distributed automatically, with no action required for eligible individuals.  If additional legislation is enacted to provide for an increased amount, Economic Impact Payments that have been issued will be topped up as quickly as possible.

 

The swift issuance of this second round of payments follows the successful delivery of more than $270 billion in CARES Act Economic Impact Payments earlier this year, providing crucial economic support to nearly 160 million Americans.

 

Later this week, you may check the status of your payment at IRS.gov/GetMyPayment.  For more information about Economic Impact Payments, please visit IRS.gov/EIP.

How much was the 2nd impact payment?

the second Economic Impact Payment was $600 ($1,200 if married filing jointly) plus $600 for each qualifying child you had in 2020.

When were the first two stimulus checks?

The very first stimulus checks were paid into people's bank accounts over the weekend of the 11 and 12 of April, either via direct deposit into individuals' bank accounts, paper checks sent through the post or in some cases, through a prepaid debit card, the Economic Impact Payment (EIP) Card which were sent out in ...

When was the 3rd stimulus check?

The government started sending the third stimulus checks on March 12, 2021. The IRS continues to send third stimulus checks as people submit their information to the IRS either by filing a 2020 tax return or using GetCTC.org. The deadline to use GetCTC.org is November 15, 2022.