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Jan. 16, 2021, 9:16 a.m. EST

I didn’t receive a $1,200 stimulus check during the first surge of COVID-19. Will I get a payment this time around?

President-elect Bidens said Thursday he will call for $1,400 stimulus checks and more vaccine funds in $1.9-trillion COVID-19 relief plan.

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By Quentin Fottrell, MarketWatch

The Moneyist answers dilemmas in an age of coronavirus.

Dear Moneyist,

I was married and didn’t qualify for the $1,200 stimulus check based on my 2018 tax returns.

I am now divorced and filed my 2019 tax returns separately. I filed about 10 days after the traditional filing date, so I missed out on the first round.

Will the Internal Revenue Service give me a check based on my 2019 return?

Waiting for check(s)

Dear Waiting,

Your economic impact payment is effectively an advance on a 2020 tax credit, so you should receive a stimulus payment of up to $1,200 and $600, but they likely won’t arrive until you receive your tax refund this year, unfortunately.

On Thursday evening, President-elect Bidens said he will call for $1,400 stimulus checks and more vaccine funds as part of a $1.9-trillion COVID-19 relief plan. (Analysts say that after the proposal is debated in Congress, the final COVID-19 rescue package is unlikely to be as generous as currently proposed.)

Since last March, the IRS sent $1,200 payments to individuals who earned adjusted gross annual income below $75,000, and sent $2,400 to married couples filing taxes jointly who earned under $150,000. With the latest Congressional package, you can only expect a $600 check if you make $75,000 or less.

“In many instances, eligible taxpayers who received a smaller-than-expected economic impact payment may qualify to receive an additional amount early next year when they file their 2020 federal income tax return,” the IRS said.

“EIPs are technically an advance payment of a new temporary tax credit that eligible taxpayers can claim on their 2020 return. Everyone should keep for their records the letter they receive by mail within a few weeks after their payment is issued,” the agency added.

If the IRS doesn’t have a taxpayer’s direct-deposit information on file, the agency will mail checks. You can submit your bank-account and address information through the IRS tracking tool, “ Get My Payment .” It should also tell you if the IRS needs more bank-account information.

The Moneyist: ‘It was hell!’ I stayed in an Airbnb on my parents’ street for Thanksgiving. My mom pleaded with me NOT to write a bad review. What do I do?

I received hundreds of emails every week from people who had not received their stimulus check in the early months of the COVID-19 pandemic. Some were listed as dependents on their parents’ tax returns, which rules them out of receiving a payment this year; others do qualify yet wondered why they have not received a payment.

If the IRS does not have your bank-account information on file, it will likely take longer. Approximately 14 million Americans, or 6.5% of U.S. households, don’t have bank accounts. <STRONG /> Immigration status also plays a role. The government is paying American citizens, as well as some non-U.S. citizens, including “legal permanent residents” or green-card holders, according to the IRS.

Marriage to a green-card holder does not necessarily mean a second stimulus check, lawyers say. Others have had their stimulus checks garnished due to unpaid child-support payments. If you are behind on student loans, however, that will not impact your payment.

I understand that you are anxious, and I hope that you manage to hold out until next year for your check. 2020 has been a year few people will ever forget, but it’s been a time when millions of Americans are facing the most difficult circumstances together.

The Moneyist: ‘I lost my mom 2 months ago and I’m still in a fog’: My brother and his family moved into her home. They want more than half

There has been progress on vaccines — which, assuming they work, could eventually bring people back to their place of work. BioNTech SE /zigman2/quotes/214419716/composite BNTX +14.19% and Pfizer /zigman2/quotes/202877789/composite PFE +6.11% said a final analysis of their vaccine candidate showed 95% efficacy.

Meanwhile, Moderna /zigman2/quotes/205619834/composite MRNA +20.57%  said its own candidate was 94.5% effective.

A vaccine candidate from AstraZeneca /zigman2/quotes/200304487/composite AZN +0.43%  and the University of Oxford showed an average efficacy of 70% in a pooled analysis of interim data, according to a peer-reviewed study published last week. That’s about the same level of protection as a flu vaccine.

<STRONG>You can email The Moneyist with any financial and ethical questions at qfottrell@marketwatch.com</STRONG> . Want to read more? Follow Quentin Fottrell on Twitter and read more of his columns here

<STRONG>Market update:</STRONG>The Dow Jones Industrial Average <PHRASE TYPE="COMPANY" SIGNIFICANCE="PASSING-MENTION"> <SYMBOL COUNTRY="US" TICKER="DJIA"></SYMBOL> </PHRASE>, the S&amp;P 500 Index <PHRASE TYPE="COMPANY" SIGNIFICANCE="PASSING-MENTION"> <SYMBOL COUNTRY="US" TICKER="SPX"></SYMBOL> </PHRASE> closed marginally higher Wednesday. The Nasdaq Composite <PHRASE TYPE="COMPANY" SIGNIFICANCE="PASSING-MENTION"> <SYMBOL COUNTRY="US" TICKER="COMP"></SYMBOL> </PHRASE> ended slightly lower after recovering recent ground in recent weeks as investors weighed the first COVID-19 vaccine rollout and a second stimulus bill of nearly $900 billion. Would you like to sign up to an email alert when a new Moneyist column has been published? If so, click on <INTERNAL-PAGE URL="/tools/alerts/newsColumn.asp">this link.</INTERNAL-PAGE>

<INTERNAL-PAGE URL="/tools/alerts/newsColumn.asp"></INTERNAL-PAGE> <INTERNAL-PAGE URL="/tools/alerts/newsColumn.asp"></INTERNAL-PAGE> <STRONG>You agree to your emailed letter to the Moneyist will be published here anonymously. It may be edited for style and space.</STRONG> <STRONG />

<STRONG>Hello there, MarketWatchers. Check out <INTERNET URL="https://www.facebook.com/groups/moneyist/" LOCATION="EXTERNAL">the Moneyist private Facebook</INTERNET><PHRASE TYPE="COMPANY" SIGNIFICANCE="PASSING-MENTION"><SYMBOL COUNTRY="US" TICKER="FB"></SYMBOL></PHRASE> group where we look for answers to life’s thorniest money issues. </STRONG> <STRONG>Readers share all sorts of dilemmas. </STRONG>

US : U.S.: Nasdaq
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Quentin Fottrell is MarketWatch's personal-finance editor and The Moneyist columnist for MarketWatch. You can follow him on Twitter @quantanamo.

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