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8 million people may have missed the $ 1,200 stimulus check — this is how Biden wants to fix it

On Friday, he instructed the U.S. Treasury to do its best not to miss a check that has already been approved, while President Joe Biden demands Congress a third round of direct financial assistance to Americans. Signed an executive order to do.

Now, the Treasury will reach out and reissue unclaimed payments or ask bystanders Claim money with 2020 income tax.

According to the Treasury, the effort aims to reach up to 8 million people who may have missed $ 1,200 in direct payments from the CARES law signed by then-President Donald Trump in March. I will.

“They are entitled to those payments, but there is no easy way for those people to access them. So today we fix the problem and get the relief they are entitled to. We give priority to, “Biden said on Friday afternoon.Immediately before Sign the order Other It is intended for families who are financially struggling.

The Treasury said it would work with the Internal Revenue Service to create “easy options” to help people charge money. At an unrelated meeting Thursday, Commissioner Charles Letchig said about eight million people who did not file taxes had already registered for a stimulus check using the IRS non-declaration portal.

According to the Treasury, “hundreds of thousands” of checks and debit cards from the first check have not been cashed or activated.Back in the summer, the IRS sent some payments with debit cards, and some people threw them out thinking they were. spam.

In response to this order, the Treasury responded to this order on Friday to see if it could process data on unused payments, find geographic patterns of places where people aren’t spending money, and focus outreach on these places. He said he would confirm.

The IRS has made a total of $ 270 billion in 160 million payments under the CARES Act. Two days after Trump signed a second aid package to approve a direct payment of $ 600 in late December, the IRS pushed out a $ 147 million payment. That’s $ 142 billion.

IRS “I am ready” To write a third check if allowed, Rettig said Thursday, even if it was in the middle of the upcoming income tax filing season. The IRS will begin accepting these returns on February 12.

8 million people may have missed the $ 1,200 stimulus check — this is how Biden wants to fix it

http://www.marketwatch.com/news/story.asp?guid=%7B21005575-02D4-D4B5-4572-D221C8EBDC6E%7D&siteid=rss&rss=1 8 million people may have missed the $ 1,200 stimulus check — this is how Biden wants to fix it

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