On the heels of my earlier post about the possibility of a second round of economic stimulus checks, I though it would be worth pointing out that a handful of people have erroneously received a second tax rebate check from the original economic stimulus package. The IRS has issued a statement saying that:
If a taxpayer receives more than one stimulus payment the erroneous additional payment should be returned to the IRS.
They went on to say that, if the erroneous payment was a paper check, you should write “void” in the endorsement section on the back of the check, attach a note that says you are returning an “erroneous stimulus payment check, ” and send it back to the IRS center where you filed your tax return.
If the errant payment was direct deposited, talk to your bank. According to the IRS, they should know the proper procedure for sending it back.
Confused? Just wait, it gets better…
In some cases, a second stimulus payment won’t be a mistake. The IRS will be mailing out about 350, 000 additional checks starting in July to taxpayers whose original stimulus payment did not include a payment for their eligible child. The correct checks will be mailed automatically, so there’s supposedly no need to call or otherwise take action to get the additional payment (assuming you’re entitled to it).
Where is that check, anyway?
If you’re still waiting for your payment, just be patient. As of this week, they’ve only processed about half of the total payments that will be going out. It’s extremely unlikely that your check went to the wrong address. It’s far more likely that they just haven’t gotten to you, perhaps because you’re getting a check when you thought you’d be getting getting your payment via direct deposit. The most common cause of this is somehow splitting your deposit, either by having it sent to multiple accounts, or by have your tax-prep fee deducted from your refund.