An important part of the CARES Act stimulus package is one-time payments to eligible individuals. The payment, which the IRS is calling an “Economic Impact Payment,” and many people are calling a “Stimulus Check” we have started to receive deposits on Wednesday, April 15th.
Will I be getting a stimulus check?
If one of the following describes you, then you will get a stimulus check:
- You are a U.S. citizen or permanent resident who filed Federal Income Taxes for 2018 or 2019 and meet the income thresholds
- You receive Social Security retirement, disability (SSDI), or survivor benefits
- You receive Railroad Retirement benefits
If you did not use direct deposit in 2018 or 2019, the IRS has developed a portal at irs.gov/coronavirus, where you will be able to give them your bank information for direct deposit..
If you are eligible, you did not use direct deposit for your 2018 or 2019 tax return, and choose to not input your information, your check should arrive by mail to your address listed on your tax return starting on April 21.
For the most up-to-date information about IRS coronavirus Stimulus income payments, frequently asked questions and scams to avoid, visit the IRS Coronavirus Tax Relief and Economic Impact Payments page.
If you do receive your stimulus funds by check, you can verify its authenticity on the Treasury Department’s website.
The IRS will not contact you by phone, text or email. Beware of calls, emails or texts from anyone claiming to be the IRS or any other government entity wanting to discuss your tax return or stimulus check.
Do not give out personal information or account information to anyone. Avoid emails or social media circulating asking recipients to send personal information in order to receive money from the government. You will not be asked to pay a fee or confirm any personal information prior to receiving stimulus funds.
Do not be a victim of a scam!