ALL NEWS

When will you get your stimulus payment? Here’s how to check

Apr 15, 2020, 9:36 AM

stimulus payment...

As tax season kicks into high gear, two House Democrats have questions for the Internal Revenue Service about a newly redesigned tax form in the wake of a recent watchdog report that outlined potential issues associated with use of the forms.

(CNN) — The Internal Revenue Service started sending out stimulus payments this week — but while 80 million people can expect the money to hit their bank accounts by Wednesday, others will be waiting longer before the cash is in their hands.

The first payments will go to those who’ve already filed their 2018 or 2019 tax returns and authorized the Internal Revenue Service to make a direct deposit if they were due a refund. Within that group, the agency is starting with people with the lowest incomes. Social Security recipients will also automatically receive their payments, even if they haven’t filed a return.

There are tens of millions of people who don’t fall into those categories. Taxpayers who haven’t authorized a direct deposit could be waiting weeks for a check in the mail — though they can update their bank information using Treasury’s new web portal, which went live Wednesday.

Those who haven’t been required to file a return during the past two years may have to submit some information online before receiving the payment.

Still, the Treasury Department has said that “a large majority of eligible Americans” will receive the payments, which were authorized under the $2.2 trillion congressional coronavirus relief plan in March, by April 24.

How do I check on the status of my payment?

The IRS created an online tool, called Get My Payment, that can be used to check on the status of your money. It launched Wednesday and is available on the IRS website.

You’ll need to enter your Social Security number, date of birth and mailing address in order to track your payment, the Treasury Department said.

Am I eligible?

Eligibility is largely based on income, and it excludes individuals earning more than $99,000 and married couples (without children) earning more than $198,000. Those who can be claimed as a dependent for tax purposes, like many college students, are also ineligible for the payments, as well as undocumented immigrants who don’t have Social Security numbers.

But everyone else should receive some money. It won’t be taxed as income and won’t be offset by any back taxes owed. It also won’t affect refund payments for 2019.

How much will I get?

Individuals are due up to $1,200 and couples will receive up to $2,400 — plus $500 per child.

But payments start phasing out for individuals with adjusted gross incomes of more than $75,000 and married couples who earn more than $150,000. The amount will then be reduced by $5 for every additional $100 of adjusted gross income.

See how much you’re eligible for here.

How can I get my money faster?

The IRS is first sending money to those for whom it has bank account information on file. That might not be you if you haven’t received a tax refund over the past two years — or if you received a refund by a check in the mail, rather than by a direct deposit.

But the Get My Payment tool, which launched Wednesday, will also allow taxpayers to input their bank account information so that they can receive the money electronically rather than by a paper check — which could take weeks, or even months.

To do so, a taxpayer will need to submit their adjusted gross income from their most recent tax return, the refund or amount owed that year, as well as the account and routing numbers for their bank account.

However, taxpayers won’t be able to update their bank information once the payment is already scheduled for delivery, and it won’t allow you to update bank information already on file, the Treasury Department said.

What if I haven’t filed a tax return?

There are millions of low-income people who are not normally required to file tax returns that will have to take some action before receiving their stimulus money.

Generally, these are individuals who did not earn more than $12,200 last year or married couples who did not earn more than $24,400.

But they won’t have to file a whole new form, as earlier guidance from the IRS suggested. Instead, it created an online tool that asks for basic information including names, date of births, and Social Security numbers for the person filing and his or her dependents. They won’t have to provide any income information.

The new tool is “very straightforward, and likely much faster, than requiring non-filers to fill out and submit a tax form,” said Erica York, an economist at the Tax Foundation.

The challenge will be making sure those people are aware of the tool and helping those who don’t have access to the Internet at home, she said.

This story has been updated to reflect that the Get My Payment website is now live.

The-CNN-Wire
™ & © 2020 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

 

 

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

All News

Traffic moves on I-15 in Salt Lake City on Thursday, May 18, 2023. UDOT says we will see heavy traf...

Britt Johnson

Easter weekend and spring break will bring heavy traffic this weekend, UDOT predicts

Spring Break and Easter could team up this weekend to create some heavy traffic. 

16 minutes ago

"Burn Book," by longtime Silicon Valley reporter Kara Swisher is seen, Friday, Feb. 23, 2024, in Sa...

Jeff Caplan

Jeff Caplan’s Minute of News: Telling tales about tech bros

Kara Swisher’s new book paints an ugly picture of Silicon Valley.

2 hours ago

pets...

Curt Gresseth

Don’t surrender pets to a shelter. Send in a pro to reverse bad behavior, says Utah trainer

An expert discusses controlling the unwanted behavior of pets.

2 hours ago

Exclusive video obtained by KSL NewsRadio shows Salt Lake hit-and-run in the Avenues neighborhood. ...

Eric Cabrera

WATCH: Exclusive video shows woman survives Salt Lake City hit and run

KSL NewsRadio has exclusively obtained footage of a Salt Lake City hit-and-run, where a woman was struck while out for a run in the Avenues.

2 hours ago

Defense attorney John Prior questions David Warwick during Chad Daybell's preliminary hearing in Fr...

Emma Keddington

Judge orders gag order for upcoming Chad Daybell case

Judge Steven Boyce has issued a gag order in the Chad Daybell case, after Daybell's attorney spoke with a media outlet.

2 hours ago

colorado river...

Adam Small

More than half of the Colorado River’s water is being used for farming, study finds

The Colorado River provides water to 40 million people in seven states, including Utah, as well as Mexico.

2 hours ago

Sponsored Articles

Mother and cute toddler child in a little fancy wooden cottage, reading a book, drinking tea and en...

Visit Bear Lake

How to find the best winter lodging in Bear Lake, Utah

Winter lodging in Bear Lake can be more limited than in the summer, but with some careful planning you can easily book your next winter trip.

Happy family in winter clothing at the ski resort, winter time, watching at mountains in front of t...

Visit Bear Lake

Ski more for less: Affordable ski resorts near Bear Lake, Utah

Plan your perfect ski getaway in Bear Lake this winter, with pristine slopes, affordable tickets, and breathtaking scenery.

front of the Butch Cassidy museum with a man in a cowboy hat standing in the doorway...

Bear Lake Convention and Visitors Bureau

Looking Back: The History of Bear Lake

The history of Bear Lake is full of fascinating stories. At over 250,000 years old, the lake has seen generations of people visit its shores.

silhouette of a family looking over a lake with a bird in the top corner flying...

Bear Lake Convention and Visitors Bureau

8 Fun Activities To Do in Bear Lake Without Getting in the Water

Bear Lake offers plenty of activities for the whole family to enjoy without having to get in the water. Catch 8 of our favorite activities.

Wellsville Mountains in the spring with a pond in the foreground...

Wasatch Property Management

Advantages of Renting Over Owning a Home

Renting allows you to enjoy luxury amenities and low maintenance without the long-term commitment and responsibilities of owning a home.

Clouds over a red rock vista in Hurricane, Utah...

Wasatch Property Management

Why Southern Utah is a Retirement Paradise

Retirement in southern Utah offers plenty of cultural and recreational opportunities. Find out all that this region has to offer.

When will you get your stimulus payment? Here’s how to check