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Level 3
posted Mar 3, 2021 10:31:04 AM

Income Tax - Stimulus help

Hello. I filed my taxes and used the rebate to receive my stimulus via my taxes, since I had not received it yet.
Well, turns out I received my stim via mail AFTER the IRS had accepted my refund. Today is the day they estimated my refund should be deposited - but still no word or deposit. What can I do to correct it or am I doomed to wait for weeks until i hear something?

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1 Replies
Expert Alumni
Mar 3, 2021 10:41:09 AM

If you claimed the Recovery Rebate credit on your 2020 tax return because you did not receive the second stimulus then subsequently receive your second stimulus payment by mail or direct deposit, I advise that you should wait to receive your refund before taking any action.

 

It is likely that the IRS will cross-check with their records and adjust your refund. If they do, all is fine and nothing needs to be done. If they do not adjust your refund, then you should amend your return and correct the Recovery rebate credit. With your amended return, you will enclose a check equal to the overpayment.