Question

I never received a stimulus check, and I am not sure why. According to my CPA I should have been eligible.Could someone please help me figure out why this is?

Forum|Forum|5 years ago
January 6, 2021
2 replies
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The IRS site says they do not have enough information, or that I am not eligible, but according to the three CPAs I have spoken to, there is no reason I shouldn't be eligible. I have not been claimed as a dependent for three years now.

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SusanY1

It sounds as if you may have been one of the taxpayers who was affected by an IRS processing error that delayed payments.

We are happy to share that those who were affected by the IRS processing error that delayed some stimulus payments should begin seeing deposits into their accounts as soon as January 8, 2021.

This update may not be reflected in the Get My Payment tool at the IRS due to the focus on efforts to distribute the payments.

These payments will be distributed to the account listed for your federal refund on your 2019 tax return. If you did not have a refund in 2019, did not receive your 2019 refund via direct deposit, or did not file a return, the IRS does not have your direct deposit information and you should expect to either receive a check or to claim the payment on your 2020 tax return.

If you do not see a payment either in your bank account or your mailbox by January 15, 2021 you should claim your payment via the Recovery Rebate Credit on your 2020 tax return. Please hold off filing returns until after this date to ensure that you are preparing the most accurate return possible.

If you should need to claim the credit on your tax return, you are encouraged to file early (but after January 15) to receive these funds as quickly as possible. In TurboTax, you will enter information about the credit near the end of the interview in the Final Review section of the program.

More information about the payments and any additional updates can be found at the following links:

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N

NCPERSON1

while it's hard to explain 'why', you can resolve it on your 2020 tax return and claim it there.

Q A1. Am I eligible? (updated October 26, 2020)

A1. Generally, if you are a U.S. citizen or U.S. resident alien, you will receive an Economic Impact Payment of $1,200 ($2,400 for a joint return) if you (and your spouse if filing a joint return) are not a dependent of another taxpayer and have a Social Security number valid for employment and your adjusted gross income (AGI) does not exceed:

$150,000 if married and filing a joint return
$112,500 if filing as head of household or
$75,000 for eligible individuals using any other filing status
Your payment will be reduced by 5% of the amount by which your AGI exceeds the applicable threshold above.

You are not eligible for a payment if any of the following apply to you:

You may be claimed as a dependent on another taxpayer’s return (for example, a child or student who may be claimed on a parent’s return or a dependent parent who may be claimed on an adult child’s return).
You do not have a Social Security number that is valid for employment.
You are a nonresident alien.
The following are also not eligible: a deceased individual or an estate or trust.