Still waiting for your third $1,400 stimulus check? Here are eight reasons why

MILLIONS of Americans received a third stimulus check when President Joe Biden enacted a $1.9trillion Covid relief package in March 2021.

But some folks are still awaiting for their stimulus check worth up to $1,400.

There are a handful of reasons why you might still be waiting for a payment, including IRS hold-ups, bank snafus, and more.

The delay could be detrimental to millions who are hoping to purchase groceries, pay bills, or alleviate debts with the funds.

You can always check on the status of your stimulus check by using the IRS online tool to track your payment.

Below, we round up eight common reasons why you've not yet received a stimulus check.

You don't qualify

The requirements for the third stimulus check differed from those of the first two payments.

Previously, the qualifying threshold was a maximum income of $100,000 for single taxpayers and $200,000 for couples filing jointly.

However, for the third stimulus check, the thresholds were lowered to $80,000 and $160,000, respectively.

So it is possible that while you qualified for the first two, you will not be receiving a third.

Read our stimulus checks live blog for the latest updates on Covid-19 relief...

You haven't filed a tax return

If you do qualify but have not filed a tax return recently, there may be a hold-up in receiving your funds.

This may come as a surprise, but not everyone has to file a tax return every year.

If you make less than $12,400 a year, don't have additional income from being self-employed, are single, and are under 65 years old, you didn't have to file in 2020.

But if you've not filed recently, the IRS cannot determine your eligibility for a stimulus check, so you may be missing out on the extra cash.

You're retired and claim Social Security

If you're retired and rely on Social Security benefits, there's a chance your payment has been delayed due to the Social Security Administration (SSA).

The SSA was supposed to transfer information to the IRS to allow Social Security claimants to receive their stimulus checks with ease.

However, the transfer of information was held up and required Congressional intervention, reports MoneyWise.

So there may be lingering delays as that information gets sorted.

Change of address or bank account

If you've moved since the Covid relief package was passed, it's possible that the IRS doesn't have your new information.

As a result, your check may have been mailed to your old address.

Similarly, if you've opened a new bank account and the IRS does not have that info, your payment could be delayed.

In that case, a paper check or debit card would be mailed to you.

But if your bank account and address are both new and have not been updated with the IRS, you could be facing a serious delay in receiving your payment.

A paper check or debit card was sent

If you did not receive a direct deposit and instead are waiting on a paper check or debit card, it's possible that it got mixed up in the mail or even accidentally discarded in the trash.

You can use the IRS tool to track your payment and see if it may have been sent out already.

If it was previously sent but you've not received it, you do have options to retrieve the funds.

If you used the IRS online tool and it says your stimulus check has been sent to you, but you didn’t receive it, you can request a Payment Trace.

Call the IRS on 800-919-9835 or send a completed Form 3911 in the mail to start the process.

Bank hold-up

Some banks, including JPMorgan Chase and Wells Fargo, future-dated their checks to coincide with the IRS's official payment date.

That means that the funds weren't immediately available in customers' accounts on the day of distribution.

Debt collector claimed the payment

While the first two stimulus checks issued were not allowed to be claimed by debt collectors, the third check is up for grabs.

So if you're in any kind of significant debt, aside from federal and state debts like back taxes and child support, your cash may have already been claimed.

Checks were distributed in batches

The first batch of checks was sent out shortly after the legislation was passed in March 2021.

The IRS has yet to declare that all payments have been sent out.

For more on stimulus, we list three scenarios when you could get a fourth federal round of payments in 2022.

Check out the 12 states and cities offering universal basic income.

Plus, payments worth up to $5,000 can be claimed this month