Managing Your Stimulus Payment

Due to the recent pandemic that has taken over the world, the United States Government has passed an Economic Impact Payment (EIP) program to help those struggling during this time.

If you are a taxpayer who filed tax returns in either 2018 or 2019, or you’re a senior or retiree, you could be eligible to revive a stimulus or EIP payment. The Internal Revenue Service, IRS, has information available on their website regarding payments and eligibility. If you and are waiting to receive your check, you can do one of two things:

  • If you don’t file taxes or you didn’t file taxes for 2018 or 2019, you can enter your payment information on the IRS’ website. This is also where you need to go to claim the $500 payment per qualifying child under 17 years of age.
  • For people who did file taxes during 2018 or 2019, you can use the Get My Payment application to have your payment directly deposited into your bank account if it has not already been mailed out.

For taxpayer who filed for 2018 or 2019, the IRS will use their information to make the Economic Impact Payment calculations. That is also where they will get your mailing address, so it is important to make sure that your information is up to date, which you can check on the IRS website.

As always, it is crucial to watch out for scam artist attempting to steal personal information. The IRS will never call, text, email you or contact you on social media to ask you to verify personal or bank account information.

The IRS has an Economic Impact Payments Information Center available via their website to help with any and all questions regarding the payments being sent out.