2020 tax return still processing over a month now. I am afraid that I won't see the $1,400 stimulus due to my return still being processed. 2019 return made me ineligible

[jeremycross5]

2019 return made me ineligible due to me selecting "I can be cleaned as a dependent on someone else's tax return." I did the recovery rebate and I will be getting that $1,800 back in my 2020 return. My 2019 tax return has my old bank account information and is closed. I have my updated bank information on file in my 2020 return. I am thinking the stimulus payment will hit my old bank account and then it will be a mailed check at that point. Would the IRS use my 2020 tax return banking information to send the stimulus payment? Also, would I need to do an amended return to claim the $10,200 tax free for unemployment benefits in 2020?

[SamS1]

If you were not eligible in 2019, you wont have to worry about receiving anything until your 2020 return processes.  IRS will base third stimulus payment on the most recent tax return they have on file.  Based on the 2019 return, you would not be eligible if you indicated claimed as a dependent on another return.  Once your 2020 return processes, you would be eligible for the third stimulus.

The American Rescue Plan was signed into law on March 11. This will include a third stimulus package. If you had issues receiving your earlier stimulus payments, then the best way to ensure that you are one of the first to receive future stimulus payments is to file your 2020 tax return as early as possible and use direct deposit so that the IRS will have your updated information. 
 
You can find the most up to date information from the IRS here, and read more from TurboTax here.

[musemigs1]

Hi,

I filed my 2020 tax return as early as possible, having been received by the IRS in mid February. It is however still being processed and as a result my stimulus payment was based off of 2019 return. I earned far less in 2020 and had a baby. We would therefore be eligible for the full amount had it been based off the 2020 return as oppose to the 2019 return. Will we get a second check to account for the difference once the 2020 return is processed?

Thanks!

[DMarkM1]

Yes, if your 2020 tax return makes you eligible for more stimulus payments the IRS will issue the payment.  

[musemigs1]

Thank you so much! Is it likely that this comes in the form of an additional payment to make up for the difference or a credit for next years tax return?

[CatinaT1]

We will have to wait for IRS guidance on this.  This link continues to be updated as information becomes available.  This information is provided by the IRS - Third Stimulus FAQ