Stimulus Checks: How to get it sooner

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This is the week! People across the country will be receiving checks from the Federal Government.  The IRS said most checks will be deposited by April 17th.  A couple of things to keep in mind so you can receive your Economic Impact Payment within a timely manner.

Make sure you file your taxes:

The IRS is using information from your 2018 and 2019 taxes.  If you have already filed your taxes in 2020 (for 2019) then you are all set. The IRS should have all your up to date banking information. If you have not filed your taxes this year or last year then you will need to file a simple tax return as soon as possible. It is the best way to make sure you qualify for the money you are owed and to make sure you have all the correct information on file.

Enter Bank Account Information Manually:

If you do not plan on filing a tax return you can now enter your bank account information online with the IRS. The IRS launched an online website aimed at non-filers to enter their bank account information.  If you do not enter your account information, you may not receive your Economic Impact Payment until September.

Those are the main ways to ensure you will get your Economic Impact Payment as soon as you can. The breakdowns for the payment are: Single taxpayers who earned less than $75,000 and filed a 2018 or 2019 federal income tax return can expect a $1,200 stimulus check. Married couples filing jointly who earned less than $150,000 can expect $2,400 and each dependent child age 16 or younger can receive $500.

A reminder, with the influx of money being sent out across the United States, be aware of different scams and fraud aimed at taking your money from you. If you have any questions about the upcoming your Economic Impact Payment, contact the IRS.