Economic Impact Payments

This page will be updated continuously to reflect the most recent information. This page was last updated on April 17, 2020.

Click here for answers to frequently asked questions.

Click here to check the status of your payment.

 

Overview

The Coronavirus Aid, Relief, and Economic Security (CARES) Act directs the Department of the Treasury to make a one-time Economic Impact Payment to individuals to help them recover from the economic impact of the COVID-19 pandemic.  The federal government will send you a payment if (1) you meet the eligibility criteria; (2) you fall within the income cap; and (3) you have filed a tax return or you already receive Social Security retirement or disability benefits.  If you filed a tax return for 2018 or 2019 or you receive Social Security benefits, you do not need to apply for this benefit

 

Update for SSI and VA beneficiaries 

If you receive Supplemental Security Income (SSI) or VA benefits, you will automatically receive your $1,200 Economic Impact Payment.  The payment will come from the IRS, not the Social Security Administration or Veterans Administration, and you will receive it just as you usually receive your benefits.

 

Extra step required to claim $500 for children

For those who receive Social Security retirement or disability benefits, VA benefits, Railroad Retirement benefits, or SSI, who also have a qualifying child (a dependent under the age of 17), you must use the IRS’s portal for non-tax filers in order to claim the $500 payment for children.

If you do not fit into any of those categories, you can file a tax return for free to receive your payment.  Please use the IRS portal for non-tax filers.

 

Check the status of your payment

The IRS has developed a portal for tax filers to check the status of their payment.  Through this application, you can check the status and type of payment (direct deposit or check).  You will need your 2018 or 2019 tax return to access the portal.  You can access the portal here.  (Due to high demand, the site may take longer than usual to load).  

Though initially you could submit your direct deposit payment through the “Get My Payment” portal, the IRS stopped accepting new direct deposit information submissions on May 13, 2020.  If you are a tax filer who did not provide direct deposit information in your most recent tax filing, and who missed the May 13, 2020 deadline for submitting through the “Get My Payment portal, you will need to wait for your Economic Impact Payment check in the mail.

If you have additional questions about the status of your Economic Impact Payment or the amount received, please contact the IRS Economic Impact Payment helpline at 800-919-9835.

 

Eligibility

  • 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 up to $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 in 2019, the Treasury will use your 2018 tax return.
  • If you did not file a tax return in those years, the Treasury can use your Social Security benefit information or you will have to file a tax return.

 

How will it be paid?

  • If you filed a tax return for 2018 or 2019, or you receive Social Security benefits, SSI benefits, VA benefits, or Railroad Retirement benefits, you will receive the Economic Impact Payment automatically.  
  • Your 2018 filing will only be used if you did not file in 2019.
  • The IRS will use your tax return information to ensure you meet the eligibility requirements and do not exceed the phase-out cap.
    • If you provided bank account information to receive your tax refund as a direct deposit, you will receive your rebate that way.
    • If you did not provide information for direct deposit, you will be mailed a rebate check to the address provided on your 2018 or 2019 tax return, whichever you filed most recently.  
    • If you did not file in 2018 or 2019, but you receive Social Security or SSI benefits, you will receive the rebate the same way you receive your benefits.
    • After the payment is made, you will receive a notification in the mail within 15 days.
    • If you do not fit within one of these categories you can file a tax return now to receive your payment (to file a return for free, please go here).

 

When will the payments be made?

  • Direct deposit payments have already begun and will continue to be made over the coming weeks.
  • The IRS will began sending paper checks at the end of April starting with those with the lowest income.
  • It will take several months for all paper checks to be sent out.

 

More Information

For more information, please check the IRS’s website at https://www.irs.gov/coronavirus/economic-impact-payments.  The “2020 Recovery Rebates” program is established by Title II (Sec. 2201) of the CARES Act.