IRS direct deposit info. deadline Wed. 6am, Senate hearing
May 13, 2020
Aloha Neighbor,
IRS DEADLINE TO ENTER DIRECT DEPOSIT INFORMATION
Individuals who filed tax returns for 2018 or 2019 but do not have bank account information on file with the IRS have until 6:00am HT/12:00pm ET tomorrow, Wednesday, May 13 to provide their information if they want to receive their direct payment issued under the Coronavirus Aid, Relief, and Economic Security (CARES) Act via direct deposit.
Payments for those who have not already received their payments and do not have direct deposit information on file after tomorrow will be issued via paper check. Checks will be sent to the address provided on your 2018 or 2019 tax return, whichever you filed most recently. The IRS will begin sending paper checks starting with those with the lowest income. It will take several months for all paper checks to be sent out.
Individuals who have already received their CARES Act payments do not need to update their information. Those who receive Social Security retirement, survivor, or disability benefits; Railroad Retirement benefits; SSI; or VA benefits also do not have to take any action but can use the “Get My Payment” tool to check the status of their payment.
To add or update your bank account information, visit www.irs.gov/coronavirus/get-my-payment. You will need your 2018 or 2019 tax return to access the portal. Due to high demand, the site may take longer than usual to load.
Non-tax filers
Those who are eligible but were not required to file taxes or do not receive social security benefits, can still visit www.irs.gov/coronavirus/non-filers-enter-payment-info-here to submit your information and receive your payment.
Eligibility for Direct Payments
Anyone other than a nonresident alien, a dependent, or an estate, is eligible.
You must have a Social Security number for you, your spouse, and any child you are claiming. There is an exception for spouses of active duty military members.
Amount of Payment
Individuals receive $1,200 (joint filers receive $2,400) plus $500 per child under 17 years old.
Benefits start to phase out for those with incomes exceeding $150,000 for married couples, $75,000 for singles, and $112,500 for single parents.
With the phase-out, payments will not go to single filers earning more than $99,000; head-of-household filers with one child, more than $146,500; and more than $198,000 for joint filers with no children.
Your income is based on your 2019 tax return; if you did not file taxes for 2019, the Treasury will use your 2018 tax return.
More Information
For more information, please check the IRS’s website at www.irs.gov/coronavirus. The “2020 Recovery Rebates” program is established by Title II (Sec. 2201) of the CARES Act.
To check the status of your payment, visit www.irs.gov/coronavirus/get-my-payment. You will need your 2018 or 2019 tax return to access the portal. Due to high demand, the site may take longer than usual to load.
