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Blogging Beyond the Numbers

Need to Update Bank Info? IRS Economic Impact Payment Webpage Is Open
Posted by: Cheryl Wittmann 2 months ago

The IRS has released the “Get Your Payment” webpage where you can check your payment status, confirm your payment type, and enter your bank account information for direct deposit.  You can find it at https://www.irs.gov/coronavirus/economic-impact-payments.  This is especially useful if you have moved since you last filed or if the IRS doesn’t already have your bank account information and you would like direct deposit instead of receiving a paper check.

This IRS web page also includes a “Non-Filers: Enter Payment Info Here” application.  You should use this webpage to receive your stimulus payment ONLY if you did NOT file a 2018 or 2019 tax return because your gross income was under the filing requirement. 

Background:

The CARES Act signed into law on March 27, 2020 included stimulus payments for U.S. residents of up to $1,200 for individual or head of household filers and $2,400 for married filing jointly dependent on their adjusted gross income of their 2018 or 2019 tax returns being under $99,000 for individuals, $136,500 for head of household or $198,000 for married filing jointly.  The payments are automatic, with no further action required for taxpayers who filed tax returns in 2018 and/or 2019 and for seniors who receive Social Security benefits.

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