Taxpayers act now to receive Economic Impact Payments by direct deposit
- May 12th, 2020
People must use Get My Payment by noon Wednesday, May 13, for a chance to get their Economic Impact Payment by direct deposit.
After noon Wednesday, the IRS will begin preparing to mail millions of additional payments to those who haven’t received one yet. Taxpayers can expect to receive these payments beginning in late May. People who use Get My Payment before the deadline can still take advantage of the direct deposit option. Get My Payment is available in English and Spanish.
How Get My Payment works
The Get My Payment tool provides eligible taxpayers with an estimated deposit date for their Economic Impact Payment. The information is updated once a day, usually overnight. There is no need to check more often. Taxpayers who didn’t choose direct deposit on their last tax return can use this tool to enter bank account information to receive their payment by direct deposit.
Non-Filers tool is still available
For people not required to file a federal tax return, the Non-Filers: Enter Payment Info Here tool, available in English and Spanish, helps them submit basic information to have an Economic Impact Payment sent to their bank account. This tool is 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)
• VA Compensation and Pension (C&P)
Eligible taxpayers who filed tax returns for 2019 or 2018 will receive the payments automatically. Automatic payments are also being sent to those receiving Social Security retirement, disability benefits, Railroad Retirement benefits, Veterans Affairs benefits or Supplemental Security Income soon.
The IRS encourages people to share this information with family and friends.