The IRS and the Treasury Department will begin sending out the second stimulus payments on December 30, 2020. Some of your clients may see a direct deposit as pending until the official payment date of January 4, 2021. However, they will not need to take any action to receive their payment.
IRS issues information letters to Advance Child Tax Credit recipients and recipients of the third round of Economic Impact Payments; taxpayers should hold onto letters to help the 2022 Filing Season experience
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