topic Re: Coronavirus stimulus payment in Get your taxes done using TurboTax

Coronavirus stimulus payment

tcline666 — Sat, 11 Apr 2020 20:14:39 GMT

When will I receive it

Re: Coronavirus stimulus payment

DoninGA — Sat, 11 Apr 2020 20:17:14 GMT

https://www.irs.gov/coronavirus/economic-impact-payments

To help everyone check on the status of their payments, the IRS is building a second new tool expected to be available for use by April 17. Get My Payment will provide people with the status of their payment, including the date their payment is scheduled to be deposited into their bank account or mailed to them.

An additional feature on Get My Payment will allow eligible people a chance to provide their bank account information so they can receive their payment more quickly rather than waiting for a paper check. This feature will be unavailable if the Economic Impact Payment has already been scheduled for delivery.

Re: Coronavirus stimulus payment

Critter — Sat, 11 Apr 2020 20:17:20 GMT

According to The Washington Post, which has reviewed a timetable from the IRS:

“If we if have your [bank] information you’ll get it within two weeks,” Mnuchin said.

“Social Security, you’ll get it very quickly after that.
If we don’t have your information you’ll have a simple web portal, we’ll upload it.
If we don’t have that, we’ll send you checks in the mail.”

If there is no account information, stimulus checks first will be sent to taxpayers with the lowest income:

April 24: Less than $10,000
May 1: $10,001 - $20,000
May 8 : $20,001 -$30,000
May 15: $30,001 - $40,000
May - September: checks sent in order from lowest income to highest income based on 2018 or 2019 tax information
September 4: remaining checks sent
September 11: checks sent to those who didn’t provide information to IRS. Source: Forbes

For information on how to ensure you'll get your stimulus check, click on the TurboTax FAQ Everything to help you get your stimulus check as soon as possible.

If you have already filed a 2019 return there is nothing you can do until something happens on the IRS side… and they are ahead of schedule which is evidenced by the test deposits some saw on Friday.

If you get the DD in the next 2 weeks then you are done.

If you do not get the DD by the time the IRS finally opens the promised portal (now expected by 4/17) then you can check on the status and/or update your information at that time. https://www.irs.gov/coronavirus/economic-impact-payments