The government has already passed a $2.2 trillion stimulus bill for all U.S. Citizens who have been effected by Coronavirus, and the checks are already on their way to your bank account. IRS has reported that they have deposited the first round of stimulus relief checks into citizens' bank accounts over the weekend of April 11, 2020.
Million more checks are expected to be sent in the coming weeks. If you are anxious to know when to expect your stimulus check, you can check the status of your payment on IRS' website. You can also update your direct deposit information with the IRS using the tracking tool.
Eligible married couples filing a joint return with adjusted gross income up to $150,000 will automatically receive a full $2,400 payment. Parents also get $500 for each eligible child under 17. If you have not filed your 2019 tax return, the government will look at your 2018 tax returns for your reported income. To receive a stimulus check, you must file your 2018 tax returns, if you still haven't. You can either efile your tax return or file by mailing.
If you scheduled an IRS tax payment for April 15 but you want to delay it until later to keep the cash in your pocket, you must take action before midnight tonight. Go to https://go.usa.gov/xvBHX#COVIDreliefIRS.
IRS is requesting that you you do not call IRS for status of your checks, and only check updates on their website.
For security reasons, the IRS plans to mail a letter about the economic impact payment to the taxpayer’s last known address within 15 days after the payment is paid. The letter will provide information on how the payment was made and how to report any failure to receive the payment. If a taxpayer is unsure they’re receiving a legitimate letter, the IRS urges taxpayers to visit IRS.gov first to protect against scam artists.
Remember that the IRS will never call you, text you, or email you to ask for your personal or bank information, so be aware of scam artists. IRS also urges to watch out for emails with attachments or links claiming to have special information about economic impact payments or refunds.
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