You can now find out when your next stimulus payment is expected to hit your bank account or get mailed.
The IRS updated the "Get My Payment" tool on its website with information on the third round of stimulus checks Saturday, agency spokesperson Karen Connelly confirmed to USA TODAY. Check for your status at www.irs.gov/coronavirus/get-my-payment.
The agency had said Friday the tool was expected to be available on Monday.
The third round of Economic Impact Payments will be based on a taxpayer’s latest processed tax return from either 2020 or 2019. That includes anyone who used the IRS non-filers tool last year, or submitted a special simplified tax return.
For those who received the first two stimulus checks but didn’t receive a payment via direct deposit, they will receive a check or a prepaid debit card.
Social Security and other federal beneficiaries will generally receive this third payment the same way as their regular benefits, the IRS said. A payment date for this group is expected to be announced soon.
The payments would amount to $1,400 for a single person or $2,800 for a married couple filing jointly, plus an additional $1,400 for each dependent child. Individuals earning up to $75,000 would get the full payments, as would married couples with incomes up to $150,000. Payments would decline for incomes above those thresholds, phasing out above $80,000 for individuals and $160,000 for married couples.
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1 comment:
I got mine.
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