• Economic Impact Payment reconciliation update

    From JoeTaxpayer@21:1/5 to All on Mon May 10 07:33:59 2021
    I've seen a number of questions on this, and just wanted to offer my
    current experience.

    I have a unique experience. Retired, and have years of high income due
    to Roth conversions. 2019 high income, 2020, low income.
    The third stimulus checks were sent based on the 2019 tax return as
    that's what the IRS had.
    I filed in April, and despite the news I'd been reading of delays in processing, saw my (small) refund hit my account on May 5th, only a few
    weeks later.
    Today, (May 12th), the Payment status IRS web page https://sa.www4.irs.gov/irfof-wmsp/status
    shows "We scheduled your payment to be deposited on May 12, 2021 to the
    bank account below." Just a week after the refund. That seems pretty
    quick to me.

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