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Why stimulus checks could be delayed for millions of taxpayers

Ask the experts: Confusion with stimulus checks
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A glitch in the IRS stimulus check program could result in millions of Americans waiting weeks longer for their money.

According to the IRS, it’s a problem for some people who used a tax preparation service or software, like H&R Block, Jackson Hewitt or TurboTax, to do their 2018 or 2019 return – and purchased an optional Refund Anticipation Loan from the tax preparer, rather than wait for the IRS to send them their money.

In some cases, the IRS says, “your Economic Impact Payment may have been directed to the bank account associated with the refund settlement product and not your bank account.”

If that refund settlement account is closed, the bank will return it to the government and the IRS says it will mail a check to the most current address it has on file for you.

H&R Block and TurboTax blame the IRS for the glitch. They say the government has all the information it needs to process these transactions.

To check on the status of a missing stimulus payment, go to Get My Payment on the IRS website.

More Info: Stimulus Payment Glitches: Why Millions of Taxpayers Will Get Their Payments Late

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