ALL NEWS

Wednesday is last day to request direct deposit for your stimulus payment

May 13, 2020, 10:49 AM | Updated: Jan 25, 2023, 11:57 am
stimulus check...
(Photo: U.S. Secret Service via CNN)
(Photo: U.S. Secret Service via CNN)

(CNN) — People who haven’t yet received a stimulus payment from the federal government face a Wednesday deadline to get direct deposit — otherwise, they’ll have to wait for a paper check.

The Internal Revenue Service says individuals have until noon on Wednesday to submit bank account information for direct deposit. People who are owed money but whose bank account details aren’t on file will eventually get a check in the mail, but it could take weeks.

“Time is running out for a chance to get these payments several weeks earlier through direct deposit,” IRS Commissioner Chuck Rettig said in a statement Friday.

More than 85% of people who are eligible for stimulus payment have already gotten the cash. About 130 million payments were made as of last week. Many of those people didn’t have to update their bank account information because the IRS already had it on file from a 2018 or 2019 tax return.

Payments to those who had updated their bank account information by April 29 should have also received the money. But many people who had done so, as early as April 15, say that a glitch in the system has kept them waiting.

The government is preparing to ramp up the number of checks it’s sending through the mail. The next round of payments will begin arriving through late May and into June, the IRS said.

The agency is prioritizing getting checks to people with lower incomes first. Payments have already been issued to people who filed a 2018 or 2019 tax return and earned less than $30,000.

How to add bank account information

An online IRS tool called “Get My Payment” allows people to upload their bank account information if the agency didn’t already have it on file from a 2018 or 2019 tax return.

It will request some basic information, including your Social Security number as well as adjusted gross income as reported on your most recent tax return.

Once you add your bank account information, the tool should update with a scheduled payment date. If it’s entered before noon on Tuesday, a payment date should be available on Saturday. If it’s after noon on Tuesday, a user would have to wait until the following Saturday.

What if you don’t normally file taxes?

Social Security recipients, Supplemental Security Income recipients, as well as some low-income veterans receiving pension benefits who don’t usually file a tax return do not need to upload their bank account information. Their stimulus payment will be automatically sent to them however they normally receive those benefits.

But there are millions of other low-income people who are not normally required to file taxes. They aren’t facing the Wednesday deadline, but they do need to take action before receiving their money.

They must use a separate online tool for non-filers 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.

Who’s not eligible?

Eligibility is largely based on income, and it excludes individuals earning more than $99,000, head of household filers with one child who earn more than $136,500, and married couples without children earning more than $198,000.

Families earning a little more may still be eligible if they have children. The phase-out limit depends on how many children they have. For a typical family of four, the amount is completely phased out for those with incomes exceeding $218,000.

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.

Payments are worth up to $1,200 for individuals, and $2,400 for couples — plus $500 per dependent.

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.

Today’s Top Stories

All News

Drivers are being asked to avoid the area of 1200 West and 600 North after a fatal auto-pedestrian ...
Simone Seikaly

Police investigating fatal auto-pedestrian crash in Salt Lake City

Drivers are being asked to avoid the area of 1200 West and 600 North after a fatal auto-pedestrian accident.
10 hours ago
Rep. George Santos, R-N.Y., departs after attending a House GOP conference meeting on Capitol Hill ...
Manu Raju and Melanie Zanona, CNN

George Santos tells House Republicans he wants off of his committees until issues are resolved

Republican Rep. Marjorie Taylor Greene of Georgia told CNN that it was Santos' decision that he made on his own to "abstain" from the committees.
10 hours ago
The Central City Recreation Center at 615 South 300 East in Salt Lake City will be used as an emerg...
Simone Seikaly

Citing ‘dangerously low’ overnight temps, county opens emergency shelter

Volunteers are among the county and city workers helping provide emergency shelter for the homeless at the Central City Recreation Center.
10 hours ago
Police are investigating a double homicide that happened in Taylorsville overnight. According to Sg...
Amie Schaeffer

Suspect still at large after double homicide in Taylorsville

Two males were found dead in a car at the Atherton Apartments in Taylorsville on Sunday, Jan. 30, 2023. The homicide suspect fled the scene.
10 hours ago
Fallout from the deadly police beating of Black motorist Tyre Nichols now includes the firing of t...
Steve Almasy, Mark Morales, Holly Yan and Nick Valencia, CNN

Other EMT, police, fired or on leave after Tyre Nichols’ deadly beating

An investigation concluded that the two EMTs "failed to conduct an adequate patient assessment of Mr. Nichols."
10 hours ago
Nicole Schmidt, mother of Gabby Petito, wipes away a tear during a press conference for SB117, a bi...
SAM METZ, The Associated Press

Petito family lobbies for ‘lethality assessment’ law in Utah

SALT LAKE CITY (AP) — When officers pulled over a van for speeding outside of Arches National Park in August 2021, they found a visibly distraught young couple in an emotional fight. Gabby Petito, 22, and her boyfriend Brian Laundrie, 23, were driving across the United States, and upon observing the couple, police officers in […]
10 hours ago

Sponsored Articles

Banner with Cervical Cancer Awareness Realistic Ribbon...
Intermountain Health

Five Common Causes of Cervical Cancer – and What You Can Do to Lower Your Risk

January is National Cervical Cancer Awareness month and cancer experts at Intermountain Health are working to educate women about cervical cancer, the tests that can warn women about potential cancer, and the importance of vaccination.
Kid holding a cisco fish at winterfest...
Bear Lake Convention and Visitors Bureau

Get Ready for Fun at the 2023 Bear Lake Monster Winterfest

The Bear Lake Monster Winterfest is an annual weekend event jam-packed full of fun activities the whole family can enjoy. This year the event will be held from January 27-29 at the Utah Bear Lake State Park Marina and Sunrise Resort and Event Center in Garden City, Utah. 
happy friends with sparklers at christmas dinner...
Macey's

15 Easy Christmas Dinner Ideas

We’ve scoured the web for you and narrowed down a few of our favorite Christmas dinner ideas to make your planning easy. Choose from the dishes we’ve highlighted to plan your meal or start brainstorming your own meal plan a couple of weeks before to make sure you have time to shop and prepare.
Spicy Homemade Loaded Taters Tots...
Macey's

5 Game Day Snacks for the Whole Family (with recipes!)

Try these game day snacks to make watching football at home with your family feel like a special occasion. 
Happy joyful smiling casual satisfied woman learning and communicates in sign language online using...
Sorenson

The Best Tools for Deaf and Hard-of-Hearing Workplace Success

Here are some of the best resources to make your workplace work better for Deaf and hard-of-hearing employees.
Team supporters celebrating at a tailgate party...
Macey's

8 Delicious Tailgate Foods That Require Zero Prep Work

In a hurry? These 8 tailgate foods take zero prep work, so you can fuel up and get back to what matters most: getting hyped for your favorite
Wednesday is last day to request direct deposit for your stimulus payment