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Five Reasons Why You Haven’t Received Your Economic Stimulus Payment

There are quite a few people that are angry and frustrated over the first week of economic stimulus payments rolling out as portrayed by the comments on this post. The payment schedule that the IRS printed is obviously not being followed. People with their last two digits in the 50’s, 60’s and 70’s, are getting their payment before people in the 00’s, 10’s, and 20’s. I’m not going to sit here and act like I know why it’s all screwed up, but here are a few ideas for why you may not have received your payment yet.

  1. You used a third party company to e-file your taxes. I did this, and according to the chart, I’m supposed to receive my payment tomorrow. I’ll let you know if I get it. If I don’t, then this theory may have some credence to it. If you used a third party e-filing company such as Turbo Tax or Tax Act Online, then the payment schedule may not apply.
  2. The IRS is using your spouse’s social security digits if you filed jointly.
  3. You filed your taxes less than 6 weeks ago. It might not have given them enough time to set up your stimulus payment to be processed.
  4. You owe backtaxes, child support, or you are delinquent on a federal student loan. If you any money to the federal government or you owe court-ordered child support, your stimulus payment will be applied to those outstanding debts. The IRS should send you a letter explaining how it was applied, but who knows when you’ll receive that notice.
  5. The IRS is just slow and unorganized. This is the most likely scenario. I am amazed that there are so many people out there that want to hand the health care system over to our government. They can’t even handle a simple task such as sending our checks and direct depositing money.

Remember . . .

Do NOT rely on this stimulus payment to pay monthly bills. Act as if you aren’t going to receive the payment. It would be silly to fall behind on a payment, because you were waiting on the check. We now know that the payment schedule is not accurate, so do not count on the money at a specific time.

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

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