The Internal Revenue Service and U.S. Treasury have disbursed more than a hundred thirty million coronavirus stimulus checks to date, but they apparently haven’t been heading toward the bank accounts and mailboxes of Veterans Affairs beneficiaries.
The IRS acknowledged that it is continuing to review payment data it received from the VA but does not yet have a specific payment date available for those recipients.
In a recent statement, the Treasury Department said that “the IRS estimates that Economic Impact Payments for VA beneficiaries who do not regularly file tax returns could be disbursed by mid-April.”
It added: “VA beneficiary payment information will be available in the Get My Payment tool at a future date.”
The agency did not disclose how many veterans might be waiting for their stimulus money.
Meanwhile, the IRS noted that Social Security, Supplemental Security Income (SSI), and Railroad Retirement Board recipients who have yet to receive their relief payments should be on the lookout for the check this week.
The stimulus payments will head out to “Social Security recipients and other federal beneficiaries who do not normally file a tax return, with the projection that the majority of these payments would be sent electronically and received on April 7,” the IRS said.
Moreover, VA beneficiaries and anyone else who didn’t receive either of the first two stimulus payments can still try to claim the money that they’re entitled to from the U.S. government. For this tax season, a Recovery Rebate Credit has been added to all returns, so that people mired in this particular situation can eventually receive the overdue payments.
According to the IRS website, it states that “if you didn’t get any payments or got less than the full amounts, you may qualify for the Recovery Rebate Credit and must file a 2020 tax return to claim the credit even if you don’t normally file.”
The agency also advises that you keep the form you receive regarding your stimulus payment and refer to it when you file your tax return.
For the current third batch of stimulus checks, more than two million direct deposit payments, with a total value of more than $5 billion, and about two million paper checks worth nearly $5 billion have been sent out. What’s notable about this particular batch is that it is the first one that includes “plus-up” or supplemental payments for those who only received partial $1,400 payments on an earlier date.
“This batch includes the first of ongoing supplemental payments for people who earlier in March received payments based on their 2019 tax returns but are eligible for a new or larger payment based on their recently processed 2020 tax returns,” the IRS said in a statement.
“These ‘plus-up’ payments could include a situation where a person’s income dropped in 2020 compared to 2019, or a person had a new child or dependent on their 2020 tax return, and other situations.”
Ethen Kim Lieser is a Minneapolis-based Science and Tech Editor who has held posts at Google, The Korea Herald, Lincoln Journal Star, AsianWeek, and Arirang TV. Follow or contact him on LinkedIn.