Taxpayers Advised to Act by Wednesday to Get Quicker Economic Impact Payments11 May 2020
The Treasury and IRS have urged people to use “Get My Payment” (https://www.irs.gov/coronavirus/get-my-payment) by noon Wednesday, May 13, for a chance to get a quicker delivery on Economic Impact Payments. The IRS, in partnership with the Treasury Department and the Bureau of Fiscal Services (BFS), will continue to accelerate work to get Economic Impact Payments to even more people as soon as possible. Approximately 130 million individuals have already received payments worth more than $200 billion in the program’s first four weeks. Further, the number of paper checks being delivered to taxpayers is expected to increase sharply later this month. After the deadline on May 13, the IRS will begin preparing millions of files to send to BFS for paper checks that will begin arriving through late May and into June. Taxpayers who use Get My Payment before that cut-off can take advantage of entering direct deposit information. This online tool also provides eligible taxpayers with a projected Economic Impact Payment deposit date.
Moreover, the Non-Filers: Enter Payment Info Here tool helps those who are not required to file a federal tax return submit basic information to receive an Economic Impact Payment quickly to their bank account. Developed in partnership between the IRS and the Free File Alliance, this tool is also available in Spanish and provides a free and easy option for those who don’t receive Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) and VA Compensation and Pension (C&P) benefits. Additionally, the IRS urged taxpayers to be on the lookout for scams related to Economic Impact Payments. The IRS would not send unsolicited electronic communications asking people to open attachments, visit a website or share personal or financial information. Finally, taxpayers can check the Frequently Asked Questions for more information.