THOUSANDS of frustrated Americans have received only half of their third stimulus payments with no explanation from the IRS. People desperate for the next Economic Impact Payments say they have been left “angry” and “upset” as their questions are dodged by both the IRS and their banks. The IRS announced on March 12 that the […]
THOUSANDS of frustrated Americans have received only half of their third stimulus payments with no explanation from the IRS.
People desperate for the next Economic Impact Payments say they have been left “angry” and “upset” as their questions are dodged by both the IRS and their banks.
The IRS announced on March 12 that the third installment of $1,400 checks was on its way and that most Americans would receive the money straight to their bank accounts.
Yet some flooded to social media to complain, setting up the Facebook group “Half Stimulus Missing,” when the full funds did not arrive.
Many in the group report that their financial situation has not changed since the last two stimulus checks, when they received the full amount.
“According to the IRS, they have sent the full $5,600 owed to us. According to my bank, they have received $2,800 and there are no pending deposits,” Cassie Greaney told 12 News.
“Income is the same (as last year). We have the same banking account. We have the same two children that we had last year.”
The IRS has instructed Americans to note that the “payments will begin to be reduced” for individuals who fall between the adjusted gross income range of $75,000 to $80,000.
Greaney’s income still falls far below that bracket, however, and her family remains frustrated at not knowing what next step to take.
“We can live with a glitch. But the problem is the IRS tells me they sent the money, talk to your bank. The bank says they didn’t get any more money. Talk to the IRS,” Greaney said.
Mother of five Jessica Knauff also believes she has been shortchanged on the third stimulus payment.
“We were expected $7,000, and we got $3,500,” she told WPXI.
“Between me only working, and it’s only my income; bills need to be paid. I’m angry, upset, frustrated. I wish there was more communication letting us know what is going on.”
Stacie Marshall described the glitch as “very stressful” given the amount of financial hardship the pandemic has already caused her family.
“It’s been very rough on everyone. I don’t want to pity myself any more than anyone else. We are all in this and dealing with this at the same time,'” she said.
The IRS announced Wednesday that it issued 90 million payments to Americans in the past week.
It also confirmed that some people may have been seeing “provisional payments” to their bank accounts before the official payment date on Friday.
It means that those who appeared to receive just half of the payment up until this point should receive the total amount from today.
The IRS advises any person who does not receive the full payment from Friday and believes they should have to report the matter by looking at instructions on line 30 of their 1040 form.
“Fill out the worksheet attached to that (line 30) and if you were eligible, then you should fill out that line, and the IRS will kick back the amount you are owed in the form of a refund,” a spokesperson said.
