- What's going on y'all?
Welcome back the channel Wealth Hacker Labs.
I'm your gracious host Jeff Rose
and let's just go ahead and dive right into it.
Many of you are still waiting on the status
just for an update regarding
your IRS economic stimulus check,
the $1200 check that is coming your way.
Over 70 million Americans have already received
their check either via direct deposit
and they're still reported anywhere from 60 to 80 million,
which is a pretty big discrepancy,
that are still waiting to get their paper check.
Now if you actually go to social media,
I'm on Twitter, just typing in stimulus checks
to see what the status is on most people's checks
and you can still see,
oh, don't know what that is but anyway, (laughs)
but a lot of people still haven't got their check
and then I came across this article,
which I actually mentioned this in a video over the weekend,
how if you hadn't received a check yet
or if you received a check
and it went to the wrong account,
how the IRS would send you a letter 15 days
after the check went out,
which is like awesome great, not really.
But then just seeing here that people are getting a letter
from the president, which I guess is part
of the check, so awesome.
If you did get your check, you also got a letter
and many people aren't really happy about that.
But you know, that's a whole other story.
But there's a letter going out
but what I really wanna focus on today is
that one of the most frustrating things
with the online portal, which is the Get My Payment tool
that the IRS created helping Americans try to find out
what the status is on their check
and if there's anything that needed to be done
to expedite their check,
to update their direct deposit information,
and if you're not familiar,
this is what the portal looks like.
So this is the Get My Payment portal.
You can go to irs.gov.
I'll have a link in the description.
You would then just click this Get My Payment tool,
and then you just walk through this process,
and you could then hopefully find out
what the status of your check was.
But most people, when they complete this process,
were getting technical difficulties
or the payment status not available.
And the IRS just released some terms article
on CNBC talking about
how the IRS has updated the portal
that should give you more accurate information.
Now prior to this, what the story was,
which I shared in the previous video,
that they would update the portal every 24 hours.
So if you got some sort of payment status unavailable,
some sort of technical difficulty error message,
basically, they would tell you to come back
in 24 hours, the next day, and to see if there's any update.
But what they are saying now is that here is actually is
from IRS commissioner, Chuck Rettig,
these further enhancements will help even more tax payers.
We heard people who haven't received a payment day
to visit Get My Payment again
for the latest information.
So if you haven't gone there today
and you are still one of the several million
that are still waiting,
I encourage you to go to the portal today
and find out if there's any update to your status.
Once again,
this is the Get My Payment portal right here.
This is what it looks like.
I'm sure many of you have been here.
Maybe you haven't been back because you just have PTSD
and don't want to go through the whole experience.
Either way, if you are still waiting,
still need an update, I once again encourage you,
go to the portal, you'll find out if there is an update.
Now, one thing also that I found interesting is
that so just depending on where you live
and your banking information,
so if you do get a paper check in the mail,
how do you cash it?
Can you get to your bank?
Is your bank open?
So that is one of the issues
or concerns that many Americans have.
Well, so typically with PayPal, if you aren't familiar,
if you open up an account with them
and if you have to cash something in,
if you get to receive a payment,
they typically would charge about 1% service charge.
But because of recognizing
that many people are still quarantined,
that you can't get to a bank
for whatever reason,
you can now cash your $1200 economic stimulus check
and PayPal, which usually charges that 1% fee,
there is no fee and then basically you can cash
your check for free until May 31st.
It's a nice gesture.
I'm sure they're just wanting people
to become PayPal customers.
For me, I use PayPal frequently
for both business and personal.
So I have both my PayPal account synced up
with my bank accounts
and I've never had an issue with PayPal.
In actuality, there have been several times
where even using my credit card
through PayPal has helped dispute different charges,
especially when comes to eBay.
Whole other story.
But I only shared that because I trust PayPal,
I'm not worried about PayPal.
This is a video not sponsored by PayPal,
so do not feel like they are paying me to say this.
I'm just saying that if you need an option,
you can install the app.
And I will say it's going on this article here
and I'll actually have a link in the description.
It basically walks you through
how do you actually deposit the check.
So if you click on that link,
it brings you up to this window.
And then, which I have said,
I haven't had any issues with PayPal in the past.
And I haven't had to call them a lot.
The one time I did have to call them,
it was regarding an eBay transaction I had dispute
and they were very helpful.
But then when I did come to this screen here,
I did get this pop up,
just letting them know or letting you know
that if you do go this route
and you need to make a call to them,
that they are experiencing a high volume of calls.
So just be be aware.
But either way, click here and then go
through the process of what you need
to actually cash the check.
And then once you cash the check,
and all you're doing is taking a picture with your phone,
you'll be syncing that to your bank account
and then you should be able to transfer it straight
to your checking account with no fee whatsoever.
And that is just a simple way,
and I don't know if you've ever deposited a check
via your phone.
If you have a smartphone, it can do this.
It is so dang convenient.
It's almost like, wow, how did I ever use
to go to the bank and sign the check
and have to wait in line or go in the lobby?
You can do all that through the PayPal app,
very easy, very convenient, and once again,
right now up until May 31st,
PayPal is not charging you a fee to do so.
And that's really for the day.
Those are the quick updates I wanted to share with you.
So if you haven't been to the Get My Payment portal
in a few days,
now may be the day that you get an update.
And I'm curious,
if you are one of those that still has been getting
that payment status not available,
if you go there today,
I'm curious, has that message change for you?
Do you actually have a date now
on when your check is going to arrive?
Or if you actually are one of the ones
that received the paper check
with that nice signed letter from the president,
also let us know in the comments below.
Just keep us updated what's going on
and anything else that might expedite anybody else
that's still waiting.
Jeff Rose once again reminding you that
it's your money, it's your life,
now you can make it awesome.
Until next time, peace