When Can We Expect The Second Stimulus Check - Babes, I know we've been waiting on that second stimulus check to hit our bank accounts. The government promised it to us, but it seems like they're dragging their feet. If you haven't seen any money yet, don't worry. There's a few reasons why you may not have gotten that sweet, sweet cash yet.
Missing Your Stimulus Check? 5 Reasons You Won't Get One
1. You Don't Qualify
Okay, I know this one hurts. But if you didn't qualify for the first stimulus check, chances are you won't qualify for the second one either. Make sure you're up-to-date on the latest eligibility requirements.
2. You Owe Child Support
If you owe child support, the government can legally garnish your stimulus check to pay it off. Make sure you're in good standing before expecting any cash.
3. Your Identity Was Stolen
Identity theft is a real thing, babes. If someone filed a fraudulent tax return in your name, you may not receive your stimulus check until it's sorted out.
4. You Haven't Filed Your Taxes
Did you forget to file your taxes? The government needs your tax return to know where to send your stimulus check. File your taxes ASAP if you want that money.
5. There Was a Mistake on Your Tax Return
If there was an error on your tax return, it could delay or even prevent you from receiving your stimulus check. Double-check your information and make any necessary corrections.
When and How You Can Expect Your Second Stimulus Check
Now that we've covered why you may not have received your second stimulus check, let's talk about when and how you can expect it. The government is still finalizing details, but here's what we know so far:
1. It Will Likely Be the Same Process as the First One
Remember how you received your first stimulus check? The second one will likely be the same process. The government will use your most recently filed tax return to determine your eligibility and send the money out via direct deposit, check, or prepaid debit card.
2. It Could Come in January 2021
The latest talk is that the second stimulus check could come in January 2021. This is subject to change, of course, but keep an eye out around that time.
3. You May Need to Take Action
If your information has changed since your last tax return, you may need to take action to receive your stimulus check. Keep an eye out for any official announcements from the government and follow their instructions.
7 Ways of How You Can Get a Higher Stimulus Check That Your First One
Now that we've covered the basics, let's talk about how you can max out that stimulus check.
1. Have More Dependents
If you had a baby or adopted a child this year, you could be eligible for more money. The government will give you an additional $500 per dependent.
2. Have a Lower Income
If you lost your job or had a reduction in income this year, you may be eligible for more money. The government will use your most recent tax return to determine eligibility, so make sure it's up-to-date.
3. Have More Retirement Savings
If you contributed to a retirement account this year, you may be eligible for a larger stimulus check. The government will use your most recent tax return to determine eligibility.
4. Have I.T.I.N. Status
If you don't have a Social Security number but have an Individual Taxpayer Identification Number (ITIN), you may be eligible for a stimulus check. You'll need to meet other eligibility requirements, though.
5. Get Unemployment Benefits
If you were unemployed this year, you may be eligible for more money. The government is considering extending the extra $600 in weekly unemployment benefits.
6. Get a Check from the Earned Income Tax Credit
If you received a check from the Earned Income Tax Credit (EITC) this year, you may be eligible for a larger stimulus check. The government will use your most recent tax return to determine eligibility.
7. Get More Money Per Dependent
As we mentioned earlier, having more dependents can increase your stimulus check amount. But did you know that you can get even more money per dependent if they're over 17 and you support them financially? It's true!
7 Ways of How You Can Get a Higher Stimulus Check That Your First One (Continued)
We're not done yet, babes. Here's a few more ways you can get a bigger piece of that stimulus check pie.
1. Own a Small Business
If you own a small business, you may be eligible for more money. The government is offering various loans and grants to help small business owners during the pandemic.
2. Have More Education Expenses
If you paid for college or other education expenses this year, you may be eligible for more money. The government will use your most recent tax return to determine eligibility.
3. Use a Different Bank Account
If your last stimulus check was sent to the wrong bank account, make sure to update your information before the second one is supposed to be sent out. Double-check to make sure all your info is correct.
4. Have a Larger Family
If you have a large family, you may be eligible for more money. The government will give you $500 per dependent, up to a maximum of three.
5. Have More Home Expenses
If you had to make major repairs or improvements to your home this year, you may be eligible for more money. The government will use your most recent tax return to determine eligibility.
6. Have More Charitable Donations
If you made charitable donations this year, you may be eligible for more money. The government will use your most recent tax return to determine eligibility.
7. Be Patient
Lastly, babes, you may just have to be patient. The government is still finalizing the details for the second stimulus check, so keep an eye out for official updates.
That's it for now, babes. Stay safe and keep hustling for that money.
View more articles about When Can We Expect The Second Stimulus Check