Once the return has been processed (which due to the Coronavirus will probably take a long time) then you would become eligible for the stimulus payment.
Please note that the payment is considered a credit from your 2020 tax return. So if you do not receive it this year, you will receive it as a credit on next year's return.
In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.
Please check the IRS Corona-virus website here for updates. This is where all updates will be updates as soon as information is available.
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