Number of the Day Shows Length of Some Stimulus Delays

Our take on the most relevant or interesting figure in personal finance today

28 - That’s how many days stimulus payments may be delayed for some Jackson Hewitt customers impacted by a glitch with the IRS and their bank accounts, the tax company said.

The Balance

That’s how many days stimulus payments may be delayed for some Jackson Hewitt customers impacted by a glitch with the IRS and their bank accounts, according to the tax preparation company.

While many Americans got their $600 stimulus checks via direct deposit by Jan. 4, the IRS mistakenly sent direct deposit payments to an estimated 13 million closed or invalid bank accounts, affecting taxpayers who filed their taxes through Jackson Hewitt and other companies including TurboTax and H&R Block. In a statement Sunday, Jackson Hewitt said that it had worked out a solution with the IRS and other federal officials to get the payments to its customers by Feb. 1, some 28 days after the original target date. 

“We are extremely disappointed that the IRS did not agree to solutions we recommended that could have rectified their error much sooner, but we are pleased that the hundreds of thousands of hardworking Americans impacted by this mistake will finally receive the relief they deserve,” Jackson Hewitt said on Facebook and in an email from a spokesperson.

The IRS had previously said the bank account glitch would require people to file their 2020 taxes to get their payment, and Feb. 1 is still “weeks earlier than if they needed to wait for their tax refund,” the tax preparer said.