{"id":118713,"date":"2021-03-27T22:41:36","date_gmt":"2021-03-27T22:41:36","guid":{"rendered":"https:\/\/precoinnews.com\/?p=118713"},"modified":"2021-03-27T22:41:36","modified_gmt":"2021-03-27T22:41:36","slug":"irs-warns-dont-throw-away-your-1400-stimulus-check-and-reveals-what-you-should-lookout-for-in-mail","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/world-news\/irs-warns-dont-throw-away-your-1400-stimulus-check-and-reveals-what-you-should-lookout-for-in-mail\/","title":{"rendered":"IRS warns DON\u2019T throw away your $1,400 stimulus check and reveals what you should lookout for in mail"},"content":{"rendered":"

THE IRS has urged people to check their mail properly as a new round of $1,400 stimulus checks will be arriving.<\/p>\n

The Treasury Department, the Internal Revenue Service (IRS) and Bureau of the Fiscal Service said the new set of payments "will include more mailed payments". <\/p>\n

<\/p>\n

\u201cSince this new set of payments will include more mailed payments, we urge people to carefully watch their mail for a check or debit card in the coming weeks,\u201d IRS Commissioner Chuck Rettig said in a statement.<\/p>\n

The new payment includes more direct deposit payments, but it also includes a large number of paper checks or prepaid debit cards.<\/p>\n

The checks, which are the third in the American Rescue Plan, were passed this month.<\/p>\n

They payments will include up to $1,400 per person, plus $1,400 per adult or child dependent, provided individuals and families meet certain income and other requirements.<\/p>\n

If someone's bank account has been closed, the payment will go through the mail. <\/p>\n

The IRS has released new images of what people should be on the lookout for in the mail this time.<\/p>\n

This round of paper checks will not bear President Joe Biden\u2019s signature, despite previous payments carrying former President Donald Trump\u2019s name.<\/p>\n

Not displaying a president\u2019s name is more in line with tradition, according to Amy Hanauer, executive director at the Institute on Taxation and Economic Policy, a non-partisan tax policy organization.<\/p>\n

\u201cIt\u2019s really unusual to have an individual president\u2019s name on a check,\u201d Hanauer said. \u201cThroughout U.S. history, it\u2019s not been the case and it\u2019s not been the way that it\u2019s done.\u201d<\/p>\n

This comes after millions of Americans were furious over a delay in payments. <\/p>\n

Missing files from the Social Security Administration had caused a holdup that kept nearly 30million Americans from getting their third round of $1,400\u00a0stimulus\u00a0payments.<\/p>\n

In a\u00a0joint letter, several lawmakers said they were "alarmed" at the holdup in people receiving their checks.<\/p>\n

Democratic\u00a0Reps Richard Neal of\u00a0Massachusetts, John Larsonof\u00a0Connecticut, Bill Pascrell of\u00a0New Jersey, and Danny Davis of\u00a0Illinois\u00a0penned the letter to Saul and Charles Rettig, the IRS Commissioner.<\/p>\n

\u201cHowever, we were alarmed to learn recently that most Social Security, SSI, RRB, and VA beneficiaries who are not required to file a tax return have not yet received their payments and that the IRS is unable to provide an expected timeline for these payments,\u201d the letter said.<\/p>\n