Frustrated consumers say their money seems caught in a never-ending loop. However, the IRS website indicates those payments are scheduled to be sent back to the closed accounts on April 24. Many consumers report their payments that went to closed accounts, were in fact returned to the IRS. And hopefully soon, because another 160 million stimulus payments are about to go out. However, it's still ironing out glitches. The IRS will then write a paper check to those consumers. The IRS says banks should reject stimulus payments mistakenly sent to dormant bank accounts, and return the funds to the IRS. "That's why I'm frustrated, because where is my money basically?" she asked. So she went to the IRS website and found her stimulus check was deposited - but not to her bank. ![]() "I'm definitely waiting because I've been laid off from my job and this was an opportunity to get some financial assistance," she said. When the IRS began sending stimulus payments to millions of Americans this week, Sharon Broussard of San Leandro felt a glimmer of hope. ![]() With everything shut down in the pandemic, they can't get answers.ĪBC's San Francisco affiliate heard from consumers from as far away as Texas, Iowa and South Carolina - all counting on that money and wondering where it went. However, thousands are reporting their money landed in an account they never heard of. Millions of Americans received their stimulus checks this week. Those who used tax preparers and received their regular refunds as an advance were the most likely to see their IRS economic impact payments sent to wrong or dormant accounts.
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