Every morning this week I’ve turned on my computer and immediately went to my bank’s website to see if our Economic Stimulus check was deposited yet (Is that anal? My friend says it is. I don’t think so. Do you?). Every morning I’ve been disappointed. Well, except for Wednesday when our tax refund was deposited. I did a little happy dance that day.
Husband was irritated because we “should have been in the first wave,” but I reassured him that the published schedule promises our payment no later than May 2nd. There’s still time.
Yesterday morning I went through the same routine but could not connect to my bank’s website. Their server must have been temporarily down – all those people checking to see if their money arrived. I had to leave home to do the World’s Biggest De-cluttering Job to get my Dad’s house ready for it’s first official showing, so I wasn’t near a computer again until 8pm last night.
As expected, the first thing I did when I sat down at my computer was to check to see if our Economic Stimulus check was deposited yet.
Dadgummit!!! Where the heck is our money?
So I did a little research and found out:
If you file your taxes after April 15th yours will not go out until at least May 9th.
Well, I filed before the 15th.
If you had any fees taken out of your initial refund (like their processing fee like many people do), you’ll get a paper check.
Nope. No fees. It pays to be The Accountant’s Daughter.
Then I found this little tidbit on the Stimulus Payment Schedule:
“A small percentage of tax returns will require additional time to process and to compute a stimulus payment amount. For these returns, stimulus payments may not be issued in accordance with the schedule above, even if the tax return was processed by April 15.”
Aha! There’s an exception to every rule. Apparently I’m it.
(Why can’t I be the exception for something fun? For example, why can’t I be the one who can eat and eat and not gain weight? Why can’t I be the one who can wear really high heels and not have them kill my feet? Why can’t I be the one that enjoys cleaning? Noooooooooo. I get to be the one who doesn’t get my money when almost everyone else does. Lucky me.)
The delay is likely because even though I am a Stay at Home Mom I did do some work last year and earned about $2000. And I declared it as income to our freelance Sole Proprietorship, so my situation may not easily fit into one of their computation formulas.
It’s great to be special.
I went to the IRS website again this morning because PaidTwice mentioned in a post that you can go there to find out when to expect your Economic Stimulus check.
I found on the IRS website, but in a different spot than the above info (and wouldn’t it be nice if all of the pertinent information was in the same location?):
In general, the payment schedule only applies if your return was received and the IRS finished processing your return before April 15. If you filed your return on time, but close to the April 15 deadline, the IRS may not have finished processing it before April 15.
Processing times for tax returns and stimulus payments vary. If you are getting a regular income-tax refund, the IRS will send you that refund first. Normally, your stimulus payment will follow one to two weeks later.
Ahhh. Well, I did file before April 15th. On the 13th, to be exact.
So it looks like my little morning ritual will have to last awhile longer. And I’ll lose out on a little interest income.
But I’m still special, right?
Edited to add some helful links: