The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020, and includes a one-time cash payment of $1,200 to many Americans with social security numbers. Here’s a quick resource to give you a better idea of when those checks might be coming.
Payments are scheduled to arrive via direct deposit by April 15th to taxpayers who have filed 2018 or 2019 tax returns and for whom the IRS has direct-deposit information. If you are one of those filers, you don’t have to do anything.
This calculator can help you determine how much you might receive in a stimulus check.
If you have not filed your 2018 or 2019 taxes, do so now in order to eligible for the check. Payments will be sent out for the remainder of 2020.
If the IRS does not have your direct deposit information or you have not filed for 2018 or 2019, enter necessary information easily through Non-Filers: Enter Payment Info. The IRS will use this information to determine your eligibility and payment amount and send you an Economic Impact Payment. After providing this information you won’t need to take any additional action.
You can provide the necessary information to the IRS easily and quickly for no fee through Non-Filers: Enter Payment Info. The IRS will use this information to determine your eligibility and payment amount and send you an Economic Impact Payment. After providing this information you won’t need to take any additional action.
Not everyone will get a payment. Your adjusted gross income (AGI) will determine whether you qualify. You will need to have an AGI of less than $75,000 to receive the maximum amount of $1,200. Payment amounts are reduced if the AGI for single filers earning between $75,000 and $99,000 ($150,00 to $198,000 for joint filers). For parents, there is a $500 payment for each child under the age of 17.
*The government will never call you, send you an email, or try to communicate with you through social media. If you receive a message of this kind, do not reply, send any money, or offer any personal information. It is most likely a scam.*
When you’ll receive your stimulus check (estimated)
- Week of April 13, 2020: 60 million checks will be distributed through direct deposit
- Week of May 4, 2020: The IRS will start sending paper stimulus checks
- Each week thereafter: Approximately 5 million paper checks will be issued each week
- Based on this tentative schedule, some Americans may not receive their check until the week of August 17th
- *These dates are evolving and contradictory information keeps coming out from the US Treasury department.*
- Get more up to date info from the IRS here.