Stimulus Check from the U.S. Treasury

Haven't Received Your Stimulus Payment? Here are 6 Possible Reasons Why:

May 11, 2020
Chris JacksonBy Chris Jackson
Assistant V.P. of Retail Services

Nearly 130 million Americans have already received their $1,200 economic impact payment — a.k.a.“coronavirus stimulus check.” However, that also means millions of Americans are still waiting on theirs. Maybe you’re one of them and you're thinking, “Hey! What gives?!” 

Here are some reasons why you might not have received your stimulus check yet, and what you can do about it:

1) You didn't file taxes in 2018 or 2019 

This is a common reason many Americans are still waiting on their checks. If you weren't required to file a tax return in 2018 or 2019 — and you don't receive some sort of government benefit (social security, VA benefits, disability, etc.) — the IRS might not have your most recent information.  If this is the case, fill out a Non-Filer Form on the IRS website to get your full economic impact payment.

2) You're receiving your check by mail

If you filed your taxes but haven't received a direct deposit payment, chances are the IRS doesn't have your direct deposit info and plans to mail you a check (or a prepaid debit card) instead. Visit the IRS's official “Get My Payment” portal to check the status of your payment.

Moving forward, the IRS says 5 to 7 million checks will be mailed out each week. This means some people might have to wait weeks — or even months — to receive their paper check. The IRS also plans to mail a letter within 15 days after sending your payment. The letter will contain information on the payment and how to report if you failed to receive it.

3) You make too much money

According to the IRS, if you make above $99,000/year as a single filer, $136,500/year as head of household, or $198,000/year as a couple, you do not qualify for the stimulus check. Meanwhile if you make above $75,000, $112,500 or $115,000 in those respective categories, you'll still get a payment, but it will be smaller — deducted $5 for each $100 above those thresholds.

4) Someone else claims you as a dependent

If you’re a child, student or adult who is claimed as a dependent on another person’s tax return, you do not qualify for the $1,200 payment. The good news is, whoever claims a dependent could receive an extra $500 — but only for each child under 17 years old. Unfortunately, this $500 does not apply to college students, disabled people or elderly folks who are claimed as dependents. Also, babies born in 2020 do not qualify for the $500 because they won't be claimed on 2019’s taxes.

5) Your refund went to an old bank account

If you didn’t receive a refund for 2019 (or you haven’t filed yet), the IRS may direct deposit into an old bank account from when you filed your 2018 taxes. If you’ve since closed the account, that Bank should send the money back to the IRS — and in that case, the payment will likely come later through a check in the mail.

6) Your immigration status doesn't meet all the criteria

If you do not have a Social Security number because you’re a nonresident alien, undocumented immigrant or temporary worker, you’re unfortunately ineligible to receive the stimulus check. However green card, H-1B and H-2A visa holders are eligible. Visit the IRS’s website on eligibility to learn more.

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About the Author

Chris Jackson

Chris Jackson is the Assistant Vice President of Retail Services, responsible for management oversight of Security National Bank's retail division in Sioux City. He has more than a decade of financial experience as a personal banker and commercial lending officer. Chris holds an MBA from Wayne State (Neb.) College and his undergraduate degree from Briar Cliff University.