In the past week, 80 million Americans received economic stimulus payments as part of the CARES Act which was supposed to be aimed at helping struggling small businesses and families “bridge the gap” during the shut down. But the stimulus payments were met with a few hiccups in its first week. Keep reading to find out what happened.
Related: Big Companies Got Loans Meant for Real Small Businesses And It’s A Slap In The Face.
IRS Sent $1,200 Stimulus Payment To Dead People, Make Americans Instant Millionaires
The economic stimulus program provides $1,200 to eligible Americans, $2,400 to married couples (sorry single parents), and an additional $500 per qualifying dependent under the age of 16.
Many Americans are wondering when they will receive their economic stimulus payment.
The IRS provides a website where you can go to check on the status of your payment and enter your direct deposit details so you receive your payment sooner.
Those that the IRS doesn’t have payment details for will get a paper check instead, and it could be as late as September 24, 2020 before those checks are sent out.
The handy tables in this article will help you understand better how much you will receive.
But still, even after reviewing the IRS website Get My Payment, many Americans on Wednesday were frustrated when the website was overloaded and therefor wouldn’t return an expected date.
Americans were even more frustrated when the government website said the $1,200 had already been deposited, but the payment was in someone else’s account instead.
We quickly learned that those that filed their taxes and got an “advance” on their tax return, that some of those payments were sent to the tax preparer or an intermediary bank instead.
Now hold onto to your seats for this next part.
IRS Sent $1,200 Stimulus Payments To Dead People
Reports show the IRS erroneously sent stimulus payments to dead people, such as the friend of Representative Thomas Massie, a congressman from West Virginia.
“Ok this is insane, but just the tip of the iceberg. This is a direct text to me from a friend,” Represenative Thomas Massie said in a tweet April 15. “I called to confirm this actually just happened.”
The tweet reads, “Dad got his stimulus check of $1200. He died in [redacted by Massie] 2018. Does he have to spend it online?”
IRS Also Made Everyday Americans Instant Millionaires
The IRS also accidentally made at least a couple Americans instant, albeit temporary, multi-millionaires.
An Indiana man received a deposit from the IRS for $82,000,000 (yes, that’s MILLION), and this Florida woman discovered she had received $8.5 million from the IRS when she went to withdraw her stimulus payment.
According to KGNS.tv, Indiana Firefighter Charles Calvin went to the ATM to withdraw $200 from his bank account. When he went to check his remaining balance, he couldn’t believe how much he had.
What was supposed to be a $1,700 stimulus check, turned out to be an $8.2 million dollar deposit.
A retired Florida woman discovered a multimillion-dollar deposit in her account when she went to withdraw her stimulus payment, as reported by news station WOFL.
Diana Lagulli said she discovered $8.5 million when she went to take out cash at a Wawa in Sanford.
“I laughed and told our son, ‘Look, your parents are millionaires,’ ” Lagulli told the outlet.
But what the IRS giveth, the IRS doth take away.
The issue was discovered quickly and remedied as soon as it was discovered.
IRS Sent $1,200 Stimulus Payments To Dead People And I’m Literally Not Surprised Anymore
The IRS sent $1,200 stimulus payments to Americans this week, and it was met with a few hiccups in its first week. Here’s what happened.
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