Some people are starting to see the next round of the Economic Impact Payment in their bank account, if the IRS has your banking information from filing your tax return. The IRS had started sending out payments as early as March 12.
In general, most eligible people with get $1,400 for themselves (those filing joint returns will get $2,800) and $1,400 for each of their qualifying dependents claimed on their tax return including college students, adults with disabilities, parents and grandparents. If you would like to check on your payment you can go to www.irs.gov/coronavirus/get-my-payment .
If you did not get your first or second payment in 2020 and you feel that you are eligible for that, at this point you will need to file a 2020 tax return, even if you aren’t required to file due to your income limit.
If the IRS does not have your bank account information or has old bank account information, your payment will be sent back to them and they will either issue a paper check to you or a debit card (EIP card) that will get mailed to your most recent address. The debit card will be sent by U.S. Mail in a white envelope with the U.S. Department of the Treasury seal and a return address from “Economic Impact Payment Card”. If you received your payment last year on a card, it will not be loaded onto that card, a new card will be mailed to you.
By: Brenda Langdon
