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When do I get my economic impact payment?

Everyone needs this question answered if they have not yet received the economic impact payment directly deposited in their bank account. I was able to check the status of my payment by going directly to the IRS site "Get my Payment" and provide my bank account information for direct deposit. A few people have told me that they have logged onto the "Get my Payment" site and received the date in which the check will be mailed.

Article from the The Consumer Financial Protection Bureau "A guide to COVID-19 economic stimulus relief

What steps do I need to take to receive an Economic Impact Payment?

If you receive certain social security, retirement, disability, survivors, railroad retirement, or veterans benefits, you may automatically qualify to receive a payment.

For most people, you will not need to take any action and the IRS will automatically send you your payment. For some people who are eligible for a payment, the IRS will need more information from you first before they can send you money. You will do this using one of two different IRS portals. It is important that you provide this information using the right IRS portal so that the IRS can process your information quickly.

If you already filed your 2018 or 2019 taxes, go to the IRS “Get My Payment” portal to check the status of your payment. This portal will let you know if your payment has been processed and let you know if the IRS needs more information before sending you your payment.

If your payment has already been processed, the IRS does not need any more information from you at this time.

If you paid additional taxes when you filed your tax return, it is possible that the IRS does not have your payment account information to direct deposit your payment. You can provide that directly in the portal so that they can process this information quickly and send you your payment. If the IRS does not have your direct deposit information and you don’t provide it to them, your payment will be sent to you by check to the address they have on file.

If you still need to file your 2018 or 2019 taxes but have not yet done so, you need to file your taxes before the IRS can send you your payment.

If you don’t typically file taxes because you have limited income which doesn’t require you to file, you will need to submit information to the IRS first so that they can send you your payment.

Non-filer - going to the IRS non-filers portal and submitting your personal information so that the IRS can send you your payment.

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