Plus-Up Stimulus Payments to Capture Updated Income and Dependent Information in 2020 Tax Returns

This article was last updated on April 3

The IRS is aware that several people have updated taxable income (AGI) and dependent information in their 2020 tax filings. As a result the IRS is now processing, via their latest payment batch, additional or plus-up extra stimulus payments for tax filers who had earlier received payments based on their 2019 tax return information but are now eligible for a new or larger payment based on their recently processed 2020 tax returns (see refund schedule).

These “plus-up” payments per the IRS could include a situation where a person’s income dropped in 2020 compared to 2019 (e.g due to unemployment) or a person had a new child or dependent on their 2020 tax return (which would mean an extra $1400 payment).

Catch-up Payments for New or Recent Tax Filers

The plus-up or catch-up payments will also include people for whom the IRS previously did not have information to issue a stimulus check but who recently filed a tax return and who would qualify for a stimulus payment based on their 2020 income. 

When will these payments be made?

It is expected that eligible recipients will see these supplementary catch-up payments in their bank accounts from early April. It may take a week or two more to see payments for those getting paid via mailed checks or debit cards.

If you haven’t yet filed a tax return in 2021, the IRS will review and make these plus up stimulus payments in later (weekly) batches, or you can claim and missing or under payments via your 2021 tax return that you file next year.

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