The Treasury Department and the Internal Revenue Service urge people to use the IRS's Get My Payment by 12:00 p.m. EST on Wednesday, May 13th, for a chance to receive their Economic Impact Payment much sooner.
The IRS, working in partnership with Treasury Department and the Bureau of Fiscal Services (BFS), continues to accelerate work to get Economic Impact Payments to even more people as soon as possible. According to the IRS, approximately 130 million individuals have already received payments worth more than $200 billion in the program's first four weeks.
But at 12:00 p.m. EST on Wednesday, May 13th, the IRS will start the process of preparing millions of paper checks to be sent out to individuals, with anticipation that these individuals will begin receiving the checks late May and into June. Taxpayers who use the IRS's Get My Payment tool before that cut-off time can still take advantage of entering direct deposit information and receiving their payment much sooner.
How Get My Payment works
The Get My Payment tool provides eligible taxpayers with a projected Economic Impact Payment deposit date. The information is updated once daily, usually overnight. There is no need to check more than once a day. Taxpayers who did not choose direct deposit on their last tax return can use this tool to input bank account information to receive their payment by direct deposit, expediting receipt.
Note also that if you have a filing requirement and have not filed a tax return for 2018 or 2019, you MUST file a 2019 tax return to receive the payment. You can use the IRS's Do I need to File a Tax Return? tool to determine if you have a filing requirement.
Non-Filers portal remains available
For those not required to file a federal tax return, the IRS's Non-Filers: Enter Payment Info Here tool helps them submit basic information to receive an Economic Impact Payment quickly to their bank account. Developed in partnership with the IRS and the Free File Alliance, this tool provides a free and easy option for those who do not receive Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) and VA Compensation and Pension (C&P) benefits. The Non-Filers tool is also available in Spanish. But remember, do NOT use this tool if you will be filing a 2019 return. Using the tool instead of filing your 2019 return will slow down processing of your tax return and the receipt of any tax refund.
Eligible taxpayers who filed tax returns for 2019 or 2018 will receive the payments automatically. Automatic payments will also be sent to those receiving Social Security retirement, disability benefits, Railroad Retirement benefits, Veterans Affairs benefits or Supplemental Security Income soon.
Watch out for scams related to Economic Impact Payments
The IRS urges taxpayers to be on the lookout for scams related to the Economic Impact Payments. To use the new app or get information, taxpayers should visit IRS.gov. People should watch out for scams using email, phone calls or texts related to the payments. Be careful and cautious. The IRS will not send unsolicited electronic communications asking people to open attachments, visit a website, or share personal or financial information.
Want to learn more about your tax rights and responsibilities? Visit www.MyTaxRights.org. for other beneficial resources and information.