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A third stimulus check is finally being issued, and you're likely waiting anxiously for it. Here's how you can check the status of your money.

Waiting on your third stimulus check? Here’s where to check your status

Now that the third issue of stimulus checks are finally being sent out, a lot of people are refreshing their bank accounts to check and see if their money has arrived. But what if you don’t have your hands on that cash yet? Don’t fear. The IRS has an updated tool on its website where you can check the status of your money.

New IRS tool

According to Karen Connelly, an IRS spokesperson, the IRS recently updated the “Get My Payment” option on their website, making it more accessible, and making the status of your payment easier to find. In order to get your information, the IRS requires you to enter your full Social Security Number of tax ID, date of birth, street address, and ZIP code.

When you click on the button, the “Get My Payment” option will either give you the date your third stimulus check was sent out and when you should get it, or it might say “Payment Status Not Available.” 

According to the IRS, if you are met with the latter option, “either we have not yet processed your payment, or you are not eligible for a payment. We will continue to send the 2021 Economic Impact Payment to eligible individuals throughout 2021.” It might also say “Need More Information”, which means, for some reason, that your post office wasn’t able to deliver the payment.

If your money has already been sent out, you should receive it via direct deposit, or through the mail in the form of a check or a debit card. If money has already been funnelled into your account, it might continue to say “pending” until the official payment day, which is March 17th. 

How much money will you get?

The third stimulus check ultimately comes out to $1,400 for a single filer, and $2,800 for a married couple who file together. In addition, if you have dependents, you will get an extra $1,400 for each of them.

A great deal of Americans are eligible for the third stimulus check, but some might not receive it based on them having too much money in the bank already. If you earn up to $75,000 a year as a single person, or $150,000 as a married couple, you’ll be sure to get the payment. But if you make over $80,000 as an individual, or $160,000 as a couple, you likely won’t be eligible this time around.

How is the IRS working to ensure people get their money?

Though many people are frustrated by the time it has taken for the U.S. to give out a third stimulus check, the IRS assures they’re working their hardest to make sure the money gets delivered.

IRS Commissioner Chuck Rettig noted: “Even though the tax season is in full swing, IRS employees again worked around the clock to quickly deliver help to millions of Americans struggling to cope with this historic pandemic.”

He continued: “The payments will be delivered automatically to taxpayers even as the IRS continues delivering regular tax refunds. We urge people to visit IRS.gov for the latest details on the stimulus payments, other new tax law provisions and tax season updates.”

On Friday White House Press Secretary Jen Psaki also promised the White House is working hard with the IRS and Treasury Department to get people their third stimulus checks. 

“This is of course just the first wave,” said Psaki, “but some people in the country will start seeing those direct deposits in their bank accounts this weekend and payments to eligible Americans will continue throughout the course of the next several weeks.”

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