BATON ROUGE, La. (BRPROUD) — About 60 million people are still waiting on their stimulus payment.
The Internal Revenue Service started sending money to people via direct deposit this week, but if you have yet to see the funds hit your bank account, that does not mean the money isn’t on the way.
Here are the top five reasons why you may have not received your stimulus payment:
1.) Even if you filed a 2018 and/or 2019 federal return electronically, you would need to have received a refund and provided direct-deposit information at the time.
If you filed either year’s return and supplied account information to pay money you owed, the IRS will not be using that bank account information.
2.) The refund may have been sent to a bank account that has since been closed. In that case, the bank will automatically send the funds back to the IRS.
3.) If you are owed a refund for 2019 but filed a paper return, the IRS has employees working remotely and has stopped processing paper returns until its centers reopen.
4.) Anyone who earned no more than $12,200 in 2019 is not required to file a return. This also applies to married couples who made no more than $24,000. If you are a non-filer, you may enter payment info on the IRS website to receive your check.
5.) Several million people who filed their taxes via H&R Block, TurboTax and other services were unable to get their payments because the IRS did not have their direct deposit information on file, according to MSN.
In you have yet to receive your check, the IRS has created the special portal “Get My Payment,” for people to check their payment status.