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If you aren’t one of the 80 million Americans the Trump administration expects to receive their stimulus check by Wednesday, fear not, my fellow tax-paying American.
The Treasury Department and Internal Revenue Service rolled out a web app tool this week called “Get My Payment” that allows Americans to register and track their stimulus checks, and will also enable you to input your direct deposit information to get your stimulus check faster. The tool also allows you to confirm how you will receive the money (direct deposit or check).
IRS
Keep in mind, if the IRS does not have your direct deposit information from your 2018 or 2019 federal tax return (ie opted to have your refund check mailed to you), your should definitely consider using the Get My Payment tool to insert your direct deposit information.
While most of the direct deposit payments hit accounts today (Wednesday), the IRS will start sending paper stimulus checks beginning April 24. Five million checks will reportedly be mailed each week, starting with taxpayers with the lowest adjusted gross income, so some Americans could wait as long as September to receive their checks. No bueno. Go the direct deposit route to avoid that racket.
For those who didn’t file a tax return in the past two years because of income their individual gross income was less than $12,200 (or $24,400 for married couples) or they weren’t required to file a return for other reasons, the IRS has set up an online portal where one can submit his bank account info to expedite the stimulus payment.
IRS
According to a Monday news release, the US Treasury Department expects a “large majority” of eligible Americans will get their stimulus money within the next two weeks. Hang tight, folks. Help is on the way.
[h/t New York Post]