There’s still a lot of confusion about how to register for and track stimulus checks on the Internal Revenue Service (IRS) website. There are two tools, the non-filer tool and the Get My Payment tool, available on the website. The IRS has issued some additional guidance which clarifies how the tools can be used. Here’s how to…
(Update: On April 17, 2020, the IRS confirmed that vets would also receive their checks automatically.) The Internal Revenue Service (IRS) has confirmed that recipients of Supplemental Security Income (SSI) will automatically receive automatic Economic Impact Payments (that’s the official name, although most taxpayers refer to them as stimulus checks). The move required coordination among the Social…
As COVID-19 continues to impact the United States, the federal government is taking action to ease the burden on taxpayers. Most recently, as part of the CARES Act, the Treasury Department is sending out stimulus checks to most (but not all) Americans. Those stimulus checks are starting to hit bank accounts now, which is offering relief…
(Updated with new information: April 15, 2020, in the afternoon). The Treasury Department and the Internal Revenue Service (IRS) have released a new web tool that will allow taxpayers to update their direct deposit information to receive their stimulus checks (Economic Impact Payments) more quickly. This tool, which is now available, is available to those taxpayers who…
(Updated April 15, 2020: The new tool is up. More info in this story here.) Okay, I get it. I’m not brief. I’m a wordy girl. I like to be thorough. I’m a middle child and a lawyer: you do the math. I recently posted about a new web tool from the Treasury and the Internal Revenue Service (IRS) that…
Finally. Taxpayers who don’t usually file a tax return have been waiting to see how the Treasury Department and the Internal Revenue Service (IRS) would allow them to get their stimulus checks (Economic Impact Payments). Today, the IRS announced a new web tool to make that happen. If you’ve been hearing rumors about TurboTax or other companies implementing portals,…
(Updated: April 20, 2020) Last month, I wrote a primer on stimulus checks, and I’ve been updating it as I field your questions: thanks for asking! I thought it might be helpful to tackle some of the most commonly asked questions in a separate article. Here’s what you’ve been asking – along with my answers – regarding…
Whenever my kids want to know when I’m going to do something, I often answer, “Two minutes.” We both know it’s a lie, but if I have no real idea how long it will take, and they want an answer, any response keeps everybody happy. I suspect that we’re getting to that same place from…
COVID-19 continues to impact the United States, the federal government is taking action to ease the burden on taxpayers. Most recently, Congress passed a massive stimulus package. A key feature of the stimulus is individual checks. You can read my rundown on the basics of the stimulus checks here – along with answers to popular questions. I’ve been updating…
As COVID-19 continues to impact the United States, the federal government is taking action to ease the burden on taxpayers. Most recently, the Senate passed a massive stimulus package (the House voted yes, too) and the CARES Act was signed into law. A key feature of the stimulus is individual checks. As with anything tax-related, there’s a little bit…