UPDATE: Economic Impact Payments
For security reasons, the IRS plans to mail a letter about the economic impact payment to the taxpayer’s last known address within 15 days after the payment is paid. The letter will provide information on how the payment was made and how to report any failure to receive the payment. If a taxpayer is unsure they’re receiving a legitimate letter, the IRS urges taxpayers to visit IRS.gov first to protect against scam artists.
When can I expect my payment?
April 9, 2020
An estimated 60 million stimulus checks were sent to some taxpayers on Thursday, April 9. If you filed your income taxes in 2018 or 2019 and provided your direct deposit information to the IRS, your stimulus check could be sent today. Estimated arrival time in your bank account could be on or before April 14, 2020.
April 24, 2020
The IRS will begin sending paper stimulus checks. The plan is to send paper stimulus checks to taxpayers with the lowest adjusted gross income first. Therefore, taxpayers who earned less than $10,000 will receive a paper check first.
May 1, 2020
This week, the IRS will send paper stimulus checks to taxpayers who earned between $10,001 and $20,000.
May 8, 2020
This week, the IRS will send paper stimulus checks to taxpayers who earned between $20,001 and $30,000.
May - September 2020
From May through September, the IRS will continue to send paper checks in order from lowest income to highest income based on 2018 or 2019 tax information.
September 4, 2020
The IRS will mail any remaining checks, such as to married couples making $198,000 (the maximum joint income that is eligible to receive a stimulus check).
September 11, 2020
The IRS will send checks to those who didn’t provide contact information to the IRS.
The House Ways and Means Committee memo says that check distribution could work like this:
What if I don't file a tax return?
The IRS has created the Non-Filers Tool which is designed for people who did not file a tax return for 2018 or 2019 and who don't receive Social Security retirement, disability (SSDI), or survivor benefits or Railroad Retirement benefits.
Others who should consider the Non-Filers tool as an option, include:
Lower income: Among those who could use Non-Filers tool are those who haven't filed a 2018 or 2019 return because they are under the normal income limits for filing a tax return. This may include single filers who made under $12,200 and married couples making less than $24,400 in 2019.
Veterans beneficiaries and Supplemental Security Income (SSI) recipients: The IRS continues to explore ways to see if Economic Impact Payments can be made automatically to SSI recipients and those who receive veterans disability compensation, pension or survivor benefits from the Department of Veterans Affairs and who did not file a tax return for the 2018 or 2019 tax years.
People receiving VA benefits or SSI can either use Non-Filers tool now or wait as the IRS continues to review automatic payment options to simplify delivery for these groups.
Social Security, SSDI and Railroad Retirement beneficiaries with qualifying dependents: These groups will automatically receive $1,200 Economic Impact Payments. People in this group who have qualifying children under age 17 may use the Non-Filers tool to claim the $500 payment per child.
Students and others: If someone else claimed you on their tax return, you will not be eligible for the Economic Impact Payment or using the Non-Filer tool.
How do I notify the IRS of an address change?
If your address has changed, you need to notify the IRS to ensure you receive any tax refunds or IRS correspondence. There are several ways to notify the IRS of an address change:
When Filing Your Tax Return
If you change your address before filing your return, enter your new address on your return when you file. When your return is processed, we'll update our records. Be sure to also notify your return preparer.
Notifying the Post Office
If you change your address after filing your return, you should notify the post office that services your old address. Because not all post offices forward government checks, you should also directly notify the IRS as described below.
Complete a Form 8822, Change of Address and send to the address shown on the forms.
Write to the IRS and tell them you're changing your address by providing us your:
old and new addresses
social security number, individual taxpayer identification number, or employer identification number, and
Joint Filers - If you filed a joint return, you should provide the information and signatures for both spouses. Send your written address change information to the IRS addresses listed in the instructions to the tax forms you filed.
Separated - If you filed a joint return and you now have separate residences, each joint taxpayer should notify us of your new, separate addresses.
It can take four to six weeks for a change of address request to be fully processed.
How do I update my direct deposit information or check the status of my payment?
The IRS has released the "Get My Payment" application to:
Check the status of your payment, including the date their payment is scheduled to be deposited into their bank account or mailed.
Confirm your payment type: direct deposit or check.
Enter your direct deposit information so you can receive your stimulus check electronically in your bank account, if you haven’t already provided your bank information on your 2018 or 2019 federal tax return.
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