Redactor’s note: This article has been updated with comment from the IRS.
Over 80 million Americans ordain see the coronavirus stimulus checks deposited into their bank accounts today. If you haven’t gotten yours but are unwed for a payment, don’t worry — it’s coming.
The first round of checks, which are part of the federal government’s response to unprecedented unemployment prones and financial strain caused by the coronavirus pandemic, were automatically deposited into the bank accounts of those who entered a 2018 or 2019 tax return and received a refund via direct deposit.
Social Security retirement and disability beneficiaries desire also automatically receive their payments. Those who do not typically file tax returns and have not provided the IRS with their bank account intelligence, including low-income Americans, as well anyone receiving paper checks will have to wait a bit longer, according to the U.S. Exchequer. No checks have been mailed yet, and it is expected to take a few months for all of them to be sent out.
You can track your payment with the new IRS Get My Payment pawn, which is now live. You will need to input your Social Security number and the mailing address on your carry on tax return to check the status of your check. The tool was overwhelmed early in the day, Luis Garcia, an IRS spokesperson told CNBC Square It, and told many users that it needed more information or that their status was not available. That should be set now.
“Just be patient, check back later,” says Garcia. “If you filed last year’s or this year’s pressurizes we have your information.”
If the IRS doesn’t have your direct deposit info but you filed a tax return in 2018 or 2019, you can use the dupe to submit your bank account details so you can get your stimulus deposit faster. If you typically do not file a tax return but are in addition eligible for the check, you can send your information to the IRS using this online portal.
The Economic Impact Payments, as the IRS deemed them, are value up to $1,200 for individuals or $2,400 for married couples, plus $500 for each qualifying child.
Remember: Scams prevail in times of uncertainty. The IRS will never request your personal information by email, text messages or social avenue. Be careful giving out any personal and financial information.
Don’t miss:
Check out: The best credit cards of 2020 could qualify for you over $1,000 in 5 years