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4 replies

DoninGA
Level 15
Level 15
April 1, 2020

See this IRS website for information - https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know

 

The IRS does not have my direct deposit information. What can I do?

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.

I am not typically required to file a tax return. Can I still receive my payment?

Yes. People who typically do not file a tax return will need to file a simple tax return to receive an economic impact payment. Low-income taxpayers, senior citizens, Social Security recipients, some veterans and individuals with disabilities who are otherwise not required to file a tax return will not owe tax.

How can I file the tax return needed to receive my economic impact payment?

IRS.gov/coronavirus will soon provide information instructing people in these groups on how to file a 2019 tax return with simple, but necessary, information including their filing status, number of dependents and direct deposit bank account information.

Level 15
April 2, 2020

@DoninGA -  Mnuchin just clarified that those on social security would NOT have to file a simple return.  That has been a point of considerable confusion and angst that has now been put to bed.  I suspect the IRS link will get updated in the next few days .

 

https://www.washingtonpost.com/business/2020/04/01/bailout-checks-social-security/

 

 

 

 

 

 

Level 2
April 1, 2020

You stopped simple tax stimulus

Level 2
April 2, 2020

Can an inmate or halfway house resident with zero income file a simple return if they don't have a bank account? Will the check be mailed to the halfway house? How would they cash it? Can their parents file for them and have the check sent to the halfway house?