Millions of Stimulus Payments Sent to Wrong Accounts
Millions of Americans have already received their $600 stimulus checks. But for many others, these checks have been sent out, but have been deposited in incorrect customer accounts due to an Internal Revenue Service error. The information comes from Intuit TurboTax, which is helping to distribute the payments.
“For those who don’t receive a direct deposit, they should watch their mail for either a paper check or a prepaid debit card,” the IRS said in a notice on Thursday. But Intuit TurboTax tweeted that “Unfortunately, because of an IRS error, millions of payments were sent to the wrong accounts and some may not have received their stimulus payment.”
One source told Reuters that the IRS used old information for millions of accounts that are thought to be closed or inactive. Banks are working with the IRS to return and re-route the rejected payments to the correct accounts.
It’s not exactly clear how many Americans are missing their stimulus checks, but about 13 million people may see a delay in getting their money after the IRS sent the funds to bank accounts that were closed or invalid.
The IRS has a tool that will help you check the status of your payment.
