Stimulus Check 2022: Here’s Why You Still Haven’t Got It

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stimulus checks
Stimulus Checks

A third stimulus check of up to $1,400 for individuals, $2,800 for married or joint filers, and $1,400 for dependents was distributed to around 130 million people. If you are not one of them, here are five possible reasons:

You are not eligible for a stimulus check.

Not everyone is eligible for an Economic Impact Payment, much as the first and second stimulus checks.

Instead of a direct deposit, you will get a paper check.

The majority of stimulus payments will be deposited directly into your bank account. You may get a paper check or a debit card if you do not have a bank account or have not supplied your bank account information to the IRS.

Stimulus payouts are not given out all at once.

The checks are not all given out at the same time. Direct deposit is likely to obtain your check sooner if you have a savings account on record with the IRS. If you don’t, though, getting a paper check or debit card may take longer. The third stimulus check, like the first and second, will be issued in portions over time. You may not have gotten a stimulus payment if you receive Social Security benefits.

A loan collector stole your stimulus check.

If you owe a past-due loan, debt collectors can confiscate your stimulus check under the new stimulus program, the $1.9 trillion Americans Rescue Plan of 2021. This differs from the first and second stimulus checks, which prohibited wage garnishment by debt collectors.

You have not submitted a tax return.

If you must submit a tax return, your income eligibility for the third stimulus payment is determined by your adjusted gross income in 2019 or 2020. Not everyone, however, is obligated to submit a tax return (such as certain Social Security recipients or if you earned below a certain income threshold).