Millions of $600 stimulus payments starting to be sent out after IRS account error

1 month ago 16

MILLIONS more $600 stimulus checks are set to start going out in the next few days after an IRS account error halted payments.

TurboTax confirmed on Friday that the issue that had delayed stimulus check payments to millions of its customers had been resolved.

Millions of Americans dealt with delays in stimulus check payments

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Millions of Americans dealt with delays in stimulus check paymentsCredit: Getty Images - Getty

Many Americans who use companies like TurboTax, H&R Block, and others did not receive stimulus checks when they began going out at the beginning of January.

Some even noticed that when checking the status of their money with the IRS Get My Payment tool, the website said that their money had been deposited into an account they did not recognize.

Earlier this week, companies that provide these online tax services confirmed that the mix-up was due to temporary accounts set up in the past to get tax returns back to their customers.

A statement from TurboTax on Friday said that the issue has been resolved, and those who have not received a check yet due to the error can expect them shortly.

TurboTax said it had resolved the issue that delayed payments

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TurboTax said it had resolved the issue that delayed paymentsCredit: AP:Associated Press

"We are happy to share that stimulus payments will begin to be deposited today for millions of our customers affected by the IRS error," the statement said.

"We expect most of these payments to be available today, but banks could take a few business days to process.

"Payment will be deposited into the same bank account that customers received their 2019 tax refund."

Many H&R Block customers who dealt with the same issue began receiving their payments earlier this week.

Stimulus checks began going out on last week, and many Americans saw direct deposits in their accounts on the first day of 2021.

Congress came to an agreement on a $900billion coronavirus relief package in December, which included the one-time $600 stimulus checks for most Americans.

The bill almost did not make it past President Donald Trump's desk, as he insisted that Congress should send Americans $2,000 stimulus checks instead.

When Congress once again could not come to an agreement on a larger check or any other cuts, Trump eventually caved and signed off on the package.

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The incoming administration, under President-elect Joe Biden, is reportedly considering another round of direct payments to Americans as an early priority.

Reports say Biden plans to push Congress to approved an additional $1,400 for eligible Americans immediately after he takes office on January 20.

The president-elect previously said the $600 handout was a "down-payment" for the American people.

IRS sent $600 stimulus checks to more than 13MILLION closed or invalid bank accounts

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