We do not know why the IRS issued a check instead of a direct deposit in a checking account. Was this mailing address part of your 2019 tax information?
This TurboTax Help states:
You don’t need to do anything to get your stimulus check. The IRS will determine eligibility based on your last tax return, either 2019 or 2020, and will likely send your payment to the bank account where your tax refund was deposited.
We do not know how the IRS determines what mailing address that they use or what bank information is used.
If your 2020 Federal 1040 tax return was accepted, we do not know whether the IRS will be using 2019 tax information or 2020 tax information.
Follow the TurboTax COVID Tax Center and the IRS Economic Impact Payment Information Center as further updates are issued by the IRS.
The Expanded Child Tax Credit begins in tax year 2021 (next year's tax return) but advance payments may begin in July of 2021. The IRS will be issuing information about this benefit in the near future.
This TurboTax Help states:
Expanded Child Tax Credit
Beginning in tax year 2021(the taxes you file in 2022) the Child Tax Credit will be expanded. The bill increases the amount that families claiming the Child Tax Credit receive from $2,000 to:
- $3,600 for each child under 6
- $3,000 for each child age 6-17
The credit is now fully refundable – that means that you are eligible for the credit even if you don’t owe taxes.
Although this credit is for next year’s tax filings, payments will also be sent in advance, over the course of the year, beginning no earlier than July 2021 so people don’t have to wait to file their 2021 taxes. The IRS will likely determine eligibility based on your most recent tax filing.
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