Economic Impact Payments aka Stimulus Checks

The IRS began issuing Economic Impact Payments by direct deposits on April 15, 2020. The IRS is making additional rounds of payments by direct deposit and paper checks weekly.

 

How much will I get?

  • $1,200 Payment:
    • Adjusted gross income (AIG) up to $75,000/single or married filing separately
    • AIG up to $112,500/head of household
    • will be reduced to $0 once adjusted gross income reaches the following thresholds:
      • $198,000 for taxpayers filing a joint return
      • $136,500 for taxpayers filing as head of household
      • $99,000 for all others
    • Each of these threshold amounts increases by $10,000 for each additional qualifying child.
  • $2,400 Payment:
    • AIG up to $150,000/ married couples filing join return
  • Additional $500 Payment
    • for each qualifying child claimed on your tax return being used to calculate your Payment who meets the following conditions:
      • The child is your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of any of them (for example, your grandchild, niece, or nephew).
      • The child is claimed as a dependent on your tax return.
      • The child was under age 17 at the end of the taxable year.
      • The child was a U.S. citizen, U.S. national, or U.S. resident alien.
      • The child has a valid SSN or an Adoption Taxpayer Identification Number (ATIN)

 

Who received direct deposits in the first round of payment beginning April 15?

  • The IRS has direct deposit information for these individuals from their 2018 or 2019 tax returns. 
  • This first round of payments included Social Security and Supplemental Security Income (SSI) beneficiaries who filed federal tax returns that included direct deposit information.

 

Who is included in additional rounds?

  • These additional rounds of payments will be made by direct deposit to taxpayers who provide direct deposit information to the IRS and who were not already paid in the first round.
  • Beginning the week of April 20, the IRS also began issuing paper checks on a weekly basis to individuals who have not provided direct deposit information but for whom IRS has a mailing address. 

 

How long until paper checks are received?

  • Paper checks will be issued at a rate of about 5 million per week, which could take up to 20 weeks.

 

Individuals who do not need to file income taxes:

  • If you receive Social Security, disability, Veterans Affairs or Railroad Retirement beneficiary; the IRS will use Form 1099 and your payment will be sent automatically. Note: your payment information is not available on the “Get My Payment” tool.
  • If you didn’t file a tax return for 2018 or 2019, make sure to use the Non-Filers tool to share your information in order to receive this payment. If you already submitted your information through this site, the IRS may still be processing your information.
  • In many cases, individuals with extremely low or no income, and those who are experiencing homelessness can qualify for stimulus payments. To make sure the IRS has your information, please use the non-filers tool on their website.

 

How do I check on the status of my payment?

  • You can check on the status of your payment and enter your information if needed through the Get My Payment feature on the IRS website, or wait for a paper check in the mail. 

 

Why haven’t I received my payment?

  • If the Get My Payment tool indicates that the payment has been deposited, but it is not yet showing on your statement, please give your bank a few days to process the payment. 
  • Wait for a letter from the IRS. The agency is required to mail a letter to your last known address within 15 days of sending the payment. This letter will include the method by which the payment was made, the amount, and a phone number to contact the IRS to report that you have not received the payment. 

 

What should I do if I receive a "Payment Not Available" notice on the Get My Payment site?

It might be because:

  • Your adjusted gross income is too high to qualify for a payment;
  • You did not file a tax return for 2018 or 2019;
  • Your recently filed return has not been fully processed; or
  • You receive social security, disability, or railroad retirement. 

 

More information is available here and here

 

NOTE: Action needed for people receiving SSI with dependents and who do not file tax returns to receive $500 per child payment

A message from Social Security Commissioner Andrew Saul:

“Supplemental Security Income (SSI) recipients who don’t file tax returns will start receiving their automatic Economic Impact Payments directly from the Treasury Department in early May.  People receiving SSI benefits who did not file 2018 or 2019 taxes, and have qualifying children under age 17, however, should not wait for their automatic $1,200 individual payment.  They should immediately go to the IRS’s webpage at www.irs.gov/coronavirus/non-filers-enter-payment-info-here and visit the Non-Filers: Enter Your Information section to provide their information.  SSI recipients who have dependent children and did not file 2018 or 2019 taxes need to act by Tuesday, May 5, in order to receive additional payments for their eligible children quickly.  

“By taking this proactive step to enter information on the IRS website about them and their qualifying children, they will also receive the $500 per dependent child payment in addition to their $1,200 individual payment.  If people in this group do not provide their information to the IRS soon, their payment at this time will be $1,200 only.  They would then be required to file a tax year 2020 tax return to obtain the additional $500 per eligible child.

“I urge SSI recipients with qualifying children and who do not normally file taxes to take action now.  Immediately go to IRS.gov so that you will receive the full amount of the Economic Impact Payments you and your family are eligible for.

“Lastly, a word of caution.  Be aware of scams related to the Economic Impact Payments. There is no fee required to receive these payments.  Don’t be fooled.

“Visit the agency’s COVID-19 web page at www.socialsecurity.gov/coronavirus/ for important information and updates.”


If you are experiencing a tax issue that is not related to your Economic Impact Payment, you can submit your inquiry directly to the Office of the Taxpayer Advocate.

To request assistance from the Taxpayer Advocate’s Office, please fill out Form 911 and mail or fax your form to one of the following offices, depending on your borough.

 

For Brooklyn/Queens residents please send your documents to:

2 Metro Tech Center

100 Myrtle Ave, 7th Floor

Brooklyn, NY 11201

     -OR-

Fax: (855) 818-4818

 

For Manhattan residents please send your documents to:

290 Broadway

5th Floor

Manhattan, NY 10007

      -OR-

Fax: (855) 818-4824

 

For more information on the IRS Taxpayer Advocate’s Office, or to read their FAQ page, please visit their website here.

For assistance with New York State tax issues (i.e. non-IRS related tax issues) please visit the New York State Taxpayer Advocate’s website here for more information.