How to Find Out When Your Stimulus Check Will Arrive

April 15, 2020

The IRS is launching the Economic Payment verification tool at IRS.gov/eip. You can go online to check the status of your payment. It will include the date your check is scheduled to be deposited or mailed.

Most of the money will be provided via direct deposit (deposited under “IRS Treas 310”), in cases where the IRS already has direct deposit information from 2018 and 2019 federal income tax returns. Otherwise, checks will be mailed.

“We know that many people are anxious to get their payments,” the IRS tweeted. “We’ll continue issuing them as fast as we can.”

In cases where those eligible for the checks don’t receive them in the next two weeks, Treasury Secretary Steven Mnuchin urges them to visit IRS.gov and click on “Get My Payment.” They should verify that they filed a 2018 or 2019 tax return and that their tax information is correct under the “Get My Payment” tool.

The first wave of stimulus checks that aim to ease the financial stress of many Americans during the coronavirus pandemic is being distributed this week. The White House estimates more than 80 million Americans will receive their stimulus money by Wednesday. Most people should receive their checks over the next two weeks.

The checks—up to $1,200 for individuals and $2,400 for married couples—are one-time direct cash payments. Families are eligible to get an additional $500 per child.

The IRS also warned the public to watch for scams during the disbursement of the checks. The IRS will not call you to make sure you have your check. It will not ask for your bank account information over the phone. You also will not be asked to pay any fees to get the stimulus money.

The IRS, however, does plan to follow up with a letter in the mail. The agency said it will mail a letter about the economic impact payment to taxpayers’ last known address within 15 days after the payment is paid. The letter will detail how the payment was made and how to report it if you did not receive it. Check IRS.gov first to verify the legitimacy of the letter if you require any follow ups.

Smartasset, a personal finance resource, offers an online calculator at its site to estimate how much stimulus check you may be eligible to receive. Access it here.

Those ineligible for checks include Americans who have earned over the set income levels ($99,000 for single filers and $198,000 for joint filers); people without a Social Security number; trusts and estates; and resident aliens.

Stimulus payment chart. Visit source link at the end of this article for more information.

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