Millions of Americans Will Not Get Their $600 Stimulus Checks, Thanks to Trump Treasury Secretary Steve Mnuchin
While corporations and banks will get billions of government tax dollars, about 13 million Americans will not get their $600 stimulus checks on time or ever, reports CBS News.
President Donald Trump’s Treasury Secretary Steven Mnuchin — who has been traveling the Middle East during this financial emergency in the U.S. — has set up some stimulus payments to be paid through people’s tax refunds via the “Recovery Rebate Credit,” which may not work if back taxes are owed.
The IRS is not accepting 2020 tax filings until the end of January, which won’t help Americans who desperately need stimulus aid to pay bills and buy groceries now.
CBS News notes another problem that is the responsibility of Mnuchin, as the IRS is under his Treasury Department:
In some cases, the IRS sent checks to temporary accounts created by tax-prep services such as H&R Block, TurboTax and Jackson Hewitt, which are typically used for the depositing of tax refunds. But those accounts, set up for last year’s refunds, aren’t currently valid, leading to delays in delivering the money.
Americans can go to the “Get My Payment” page at the IRS website to find when their checks were sent to them or their direct deposit data.
People who see the message “Payment Status #2 – Not Available” will not receive a second stimulus check automatically, the IRS told CNBC. Those people will have to file their 2020 taxes first, which may eat up their stimulus if back taxes are owed.