INDIANAPOLIS (WISH) — Hoosiers are set to get some much-needed relief as COVID-19 stimulus checks are starting to hit bank accounts from the federal government. Now the bad news. Prime Da…, Social Security Recipients, Veterans Must Act Now to Get Extra $500 Stimulus Check, 3 Reasons to Wait Until 70 to Claim Social Security Benefits, 14 Social Security Tasks You Can Do Online, Subscribe to Kiplinger's Personal Finance, how you can use the money to your advantage, 11 Ways the CARES Act and Other Government Measures Could Help You in 2020, 33 Major U.S. Companies Hiring Now to Meet Coronavirus Demand, wait to file until after you get your stimulus payment, irs.gov/coronavirus/non-filers-enter-payment-info-here, How to Get a Stimulus Check if You Don't File a Tax Return, 12 Ways COVID-19 Will Change the Tech Industry, Track Your Stimulus Check with the IRS's "Get My Payment" Tool, Tax Changes and Key Amounts for the 2020 Tax Year, "Non-Filers: Enter Your Payment Info Here" tool, Is Unemployment Taxable? If the account is closed or no longer active, the bank will reject the deposit and mail a check instead. Will you get to keep that additional $100? Sign up for free tax tips and advice sent straight to your inbox! Other people who typically don't file a tax return can go online and provide the information the IRS needs to cut them a check.

The Economic Impact Payments are one of the more popular provisions of the CARES Act, which was signed into law in late March, 2020.
Any U.S. citizen with a Social Security number who makes up to $75,000 will get a payment of $1,200; married couples who file jointly and earn less than $150,000 will get $2,400. However, some members of Congress and a several state Attorney Generals are pressuring the IRS to create such an exemption by regulation or by issuing other guidance. Is the check being mailed or sent direct deposit? If you have dependent children under the age of 17, you could also receive an additional $500 per child.

Here are the questions that this post will answer: The Treasury Department and the Internal Revenue Service announced today (March 30th) that the distribution of economic impact payments will begin in the next three weeks. For those still waiting or with other questions, here are a few answers: The government can't logistically or physically make all the payments at once, so it's doing so in steps. The IRS anticipates sending more than 150 million payments as part of a massive rescue package to help consumers weather the impact of the coronavirus pandemic. At the same time, getting help from the IRS is proving fruitless because the agency's phone assistance is shut down due to the pandemic. This is a common problem for people who got a refund anticipation loan, refund anticipation check or had their refund loaded onto a prepaid debit card. Instead, this is the day stimulus checks began rolling out. The $2 trillion relief bill will send money directly to Americans, greatly expand unemployment coverage and make a number of other changes. In these cases, the relief payment may have been directed to the real or virtual account associated with the product. How much will I receive? Last month, I wrote a primer on stimulus checks, and I've been updating it as I field your questions: thanks for asking! But, there are questions. This will ensure correspondence and payments from the IRS will be sent to your new address. If didn't file a 2018 or 2019 tax return, or you receive benefits from the Social Security Administration, Railroad Retirement Board, or Veterans Administration, you can use the IRS's "Non-Filers: Enter Your Payment Info Here" tool to claim a new baby and to get an extra $500 added to your stimulus check (as long as you act before the IRS starts processing your payment).
You will need an SSN or a taxpayer identification number. + taxes + bookkeeping + consulting If you have recently moved, you should file a Form 8822 with the IRS and a change of address notice with the U.S. Please DO NOT call the IRS.