Many people are usingto not only but also to they didn’t receive with the . However, if you’re in a different boat where you received stimulus money you , the IRS could ask you to return it. We’ll help explain if this situation applies to you, especially since the could have similar rules.
When people are excluded from receiving stimulus checks, it’s due to the sent out payments to people who weren’t eligible by accident. If you’re one of the people who received a check in error, there are specific ways to go about returning the money, depending on the payment method — , or .outlined in the . For example, if the amount of money you made during the surpasses , the IRS expects you to return the money. There were cases with the first stimulus check where the IRS
We’ll explain some instances in which the IRS would expect you to return stimulus money that you weren’t eligible for, with details on how to do it. Also, now that theis close to approval, make sure you’re up to date on all the details — for example, the this time, leaving higher earners out, but could also qualify . Also, here’s you could get and . This story was updated recently.
What if I receive more stimulus money than I should get from the third check?
- 1 What if I receive more stimulus money than I should get from the third check?
- 2 The IRS expects you to return a stimulus payment for the following reasons
- 3 Can I keep any stimulus money I received for someone who’s died?
- 4 If you’ve already cashed or deposited the stimulus check, here’s how to return it
- 5 If you never cashed or deposited the paper check, here’s what to do to return the payment
- 6 Never received any stimulus money at all? What you need to know
While a third stimulus check is still in the works, we do know the amount is up to. We also know that the income cutoff to receive a payment at all would be $80,000 for an individual taxpayer, $120,000 for a head of household and $160,000 for a married couple who files jointly. If you make more than that amount and still receive a (assuming one is approved), the IRS will likely expect you to return the difference.
However, if you made more in 2020 than you did in 2019, but you get a stimulus check before you file your taxes,. We’ll update this with the final rules . Meanwhile, you can use our to estimate how much you could get.
The IRS expects you to return a stimulus payment for the following reasons
The government determines who is and isn’tbased on several factors. If you fall into any of these categories and received a stimulus check, it was likely by error:
- You received a check for someone who has died — but there’s some nuance here (more below).
- You don’t have a Social Security number.
- You’re considered a “nonresident alien” without a US citizen spouse. (This could .)
- You’re a noncitizen who files federal taxes.
- Your exceeds the limit; for example, $87,000 for a single taxpayer with the second check.
- You’re on someone else’s taxes (this applies to the first and second checks).
Here’s more information about.
Can I keep any stimulus money I received for someone who’s died?
If you received a payment for someone who died in 2019 or earlier, the IRS says you should return the entire payment “unless it was made to joint filers and one spouse is still living.” If you’re the living spouse, you should return half the payment — just not more than $1,200 in all.
However, if the check is issued in both your name and your deceased spouse’s name (and therefore you can’t deposit the money), you’ll need to return the whole amount to the IRS. After the agency processes the returned payment, it will issue a new check with the correct amount for you.
If you’ve already cashed or deposited the stimulus check, here’s how to return it
1. Use a personal check or money order and make the check payable to the US Treasury. You’ll also need to write “2020 EIP” and include the taxpayer identification number or Social Security number of the person whose name is on the check.
2. On a separate piece of paper, let the IRS know why you’re sending the check back.
3. Mail the check to the appropriate IRS location — that depends on which state you live in.
If you never cashed or deposited the paper check, here’s what to do to return the payment
If any of the above situations pertains to you, you may need to send your stimulus check back. Here’s how to do it for each scenario, per the IRS.
1. Write “VOID” in the endorsement section on the back of the check.
2. Do not bend, paper clip or staple the check.
3. On a separate piece of paper, let the IRS know why you’re sending the check back.
4. Mail the check to the appropriate IRS location — it varies depending on which state you live in.
Never received any stimulus money at all? What you need to know
If you’re among the more than 100 million people who were eligible to receive the second $600 stimulus check and it never arrived, you’ll likely need toon your 2020 taxes, even . Alternatively, you may have to .
If you aren’t, now’s a good time, as a . To do so, you’ll need to add your banking information when you file your 2020 taxes this year. We also encourage you to because of stimulus checks. Remember the , but you can .
To stay updated on the latest stimulus check news, here’s. If you’re having stimulus check problems, . Also, here’s what’s happening right now with a .
The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.