As reported by cnet,

Now that a second stimulus check has been approved, make sure you’re set up to receive it.


Sarah Tew/CNET

Are you planning to move before you receive your second stimulus check? If so, you need to add two items to your checklist: inform the USPS of your new address, and do the same with the IRS, even if it’s temporary. And while the IRS’ deadline to finish sending the second payments was Jan. 15, if you haven’t received one yet, it’s possible yours is still on the way as a check or EIP debit card. Therefore, it’s essential to make sure your second stimulus check won’t be sent to your old address. (Here’s how to calculate the amount you could receive.) 

Even if you already got your $600 stimulus payment, President-elect Joe Biden has already pledged to send a third stimulus check, with a $1,400-per-person limit. If it gets approved, you’ll want your correct address on file.

If you received your stimulus check through direct deposit, this applies to you, too. You’ll want to make sure you get the IRS letter verifying when it sent your payment. This is important for anyone who may be eligible for a second stimulus check and is experiencing an unexpected holdup receiving their check, and it contains information on how to reach out to the IRS. This story was recently updated.

How to forward your US mail if you’ve moved recently

When you first move, it’s important to forward your mail so you never miss an important document — like a stimulus check. Here’s how to do it.

1. In a browser window, visit usps.com/move.

2. Fill out the form with your contact information, the date you’d like the mail to start forwarding and your old and new addresses. Make sure everything is accurate and click Next when you’re ready to move on. 

3. Then, you’ll need to provide your payment method. It costs $1.05 each time you forward your mailing address. Note that you can’t use a prepaid credit or debit card to do this.

4. Once you’ve paid, you’ll receive an email confirmation that your change of address has been filed.

5. At your new address, look for a USPS Confirmation Notification Letter and welcome kit in the mail. USPS notes that it can take anywhere from three business days to two weeks before you start receiving your forwarded mail.


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Here’s how to inform the IRS of your new address

Once you’ve completed your change of address with USPS, you may also need to let the IRS know your new address — especially if you haven’t received the first stimulus check yet. The IRS says if you filed a 2019 tax return and didn’t provide your direct deposit information, the payment will be sent to the address on file. However, if you’ve forwarded your mail, USPS will have the updated information to get your check to you.

Read more: Missing stimulus check: Here’s when it’s time for an IRS payment trace

If you haven’t filed your taxes but plan to, use your new address. The IRS says it will update its records with your new address. If you’re typically not required to file taxes and haven’t received your first stimulus payment, the deadline has passed, but you can still claim your payment as Recovery Rebate Credit on your taxes this year.

To notify the IRS of your address change, you can fill out Form 8822 or notify the IRS in writing at “the address where you filed your last return” by giving your full name, your old and new addresses, your Social Security number, individual taxpayer identification number or employer identification number, and your signature. The IRS says you can also do this by phone, but they may request additional information. Note that it can take four to six weeks for your change of address to be processed by the IRS.

For more information about stimulus checks, here’s how to calculate your stimulus check total and when you could get a second stimulus check based on which group you’re in.



Source link: cnet

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