अब आप न्यूज्ड हिंदी में पढ़ सकते हैं। यहाँ क्लिक करें
Home » Business » Social Security: Decoding IRS TREAS 310 Deposits – What You Need to Know

Social Security: Decoding IRS TREAS 310 Deposits – What You Need to Know

By Newsd
Published on :
Potential Changes to Social Security Benefits
Potential Changes to Social Security Benefits

Social Security: Decoding IRS TREAS 310 Deposits: TREAS 310 indicates a direct deposit refund or stimulus payment resulting from a tax return, amendment, or adjustment.

CNET describes 310 as a direct deposit refund from a filed tax return.

Your bank statement may show this transaction as a result of this year’s tax return.

Payments for stimulus checks and advance tax credits were disbursed by the IRS until the end of 2021, but miss payments must now be claimed on your 2021 tax return.

The stimulus payment or child tax credit will automatically be deposited into the same account you used on your most recent tax return (2019 or 2020).

Also Read: April Social Security Check: Track Your Payment Here

In the absence of valid bank account information, a paper check will be mailed to the address on file.

Under the American Rescue Plan, eligible individuals could receive up to $1,400 in economic impact payments or $2,800 for married couples filing jointly, plus $1,400 for each qualifying dependent.

In addition, eligible families received $3,600 for each child under the age of 6 and $3,000 for each child between the ages of 6 and 17.

An IRS tax credit payment will appear as “IRS TREAS 310” with the description “CHILDCTC.” An economic impact payment will appear as “IRS TREAS 310” with the code “TAXEIP3.”

Tax refunds, including amended tax returns and IRS tax adjustments, will appear as “IRS TREAS 310” with a description of “TAX REF.”

Also Read: 2024 Social Security Benefits: Maximum SSI Benefit Revealed

Related