Get Your Money: Ensure You Receive a Stimulus Payment
The IRS has two websites to help with stimulus payments: One for non-tax filers to register to receive their economic impact payment and a new “Get My Payment” tool.
As a response to the COVID-19 pandemic the government is sending:
- $1,200 to single taxpayers with income less than $75,000 ($98,000 with phaseouts)
- $2,400 is being sent to married taxpayers with income less than $150,000 ($198,000 with phaseouts). An additional $500 is being sent for each child under the age of 17.
Payments are sent based on 2019 or 2018 tax returns. If you do not need to file a tax return for either of these years, you run the risk of not receiving this payment.
The IRS launched a way to register to receive your payment and to determine the status of your payment. Here are the websites:
If you are not required to file a 2019 and/or a 2018 tax return, click here..
- Payment status and direct deposit registration:
There is also an IRS provided Get Your Payment tool to register to receive your payment via direct deposit. As well as the status. It can be found here: Get My Payment Tool
Who should use the app for non-filers
If you fall into one of these cases, you need to review whether it makes sense to use this site:
- Not required to file. If you are not required to file a tax return in either 2018 or 2019 but otherwise qualify to receive a stimulus payment, using this tool or other tax filings is the only way to receive the payment.
- College students. If you are not a dependent on someone else’s tax return, you need to look into using this tool. If you are a dependent, it may also be worth a conversation to see if you can or should change your filing status in 2019 to receive this payment.
- Seniors. Seniors that do not file tax returns in 2018 or 2019 will eventually receive the payment based on their Form 1099-SA or railroad retirement information. The non-filer site asks you not to register, but you may receive the payment sooner AND protect your identity from would-be thieves by filing a tax return.
Who should NOT use the app for non-filers
DO NOT use the app for non-filers if you will be filing a 2019 return. As this tool will not speed up your stimulus payment and will likely slow down processing of your tax return and receiving any refund.
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