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Your Third Stimulus Check is Coming Soon, Here’s How to Prepare

Your Third Stimulus Check is Coming Soon, Here’s How to Prepare

Last year, Congress passed the CARES Act, which includes providing stimulus checks to stimulate the economy, and provide financial relief. The US Treasury Department and the Internal Revenue Service will distribute the third round of stimulus checks in the next couple weeks. 

How Do I Get My Check?

The IRS will use the information in your tax return to calculate your payment, and use the information in your filing to send or deposit your check. If your tax return was deposited into your bank account, the stimulus check will distribute automatically to your bank account, with no action required for most people. If you received a paper check for your tax return, that is how you will receive your stimulus check.

In the event your direct deposit account information has changed, either the IRS will mail you a paper check, or you can update your direct deposit information via the Treasury Department.
If you are a Citizens Bank customer who is wanting to check the status of your stimulus deposit, please visit our website at www.citizens-banking.com and log into our online banking to see if the deposit has arrived in your account. 

You can also track your stimulus payment online at IRS.gov.
 

  • Disputes
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  • With a Roth IRA, you typically pay taxes on the money before you contribute to your IRA. This means you generally can make qualifying withdraws once you reach 59 1/2 years of age without paying additional taxes on the distributions.
  • A traditional IRA allows you to direct pre-tax income toward investments that can grow tax-deferred until your retirement. You cannot contribute after age 70 ½ and distribution is required at that age.

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