COVID-19 Stimulus Payment FAQs

As new information surrounding the federal stimulus payments or Economic Impact Payment is available, the IRS website is posting regular updates and is the best resource for information. Based on the current information available, below are some frequently asked questions regarding stimulus payments.

What you need to know about your economic impact payment.

  • Economic Impact Payments will be available in accounts as early as April 15. Check the status of your payment.
  • Receiving payment on April 15 is based, partly, on whether you filed electronic returns for your 2018 or 2019 tax return filings.
  • If the IRS does not have your bank account information, you will receive the payment via check in the mail. Mailed checks will be sent in the coming weeks.
  • If you have not filed 2018-19 taxes, you can use the IRS portal to designate a direct deposit account.
  • The IRS will not ask that you pay a fee or confirm personal information before issuing an economic impact payment.
  • For the most up-to-date information visit the IRS's page on What you need to know.
  • NOTE: If your tax refund was returned due to an incorrect account number, your stimulus payment will also be returned. You must use your account number as shown on your statement - this is typically 13-15 digits in length.

Most adults will get a one-time payment of $1,200, although some would get less depending on their annual income reported to the IRS.

  • Single adults with Social Security numbers who have an adjusted gross income of $75,000 or less will get the full amount of $1,200.
  • For every qualifying child age 16 or under, the payment will be an additional $500.
  • Married couples with no children earning $150,000 or less will receive a total of $2,400.
  • Taxpayers filing as head of household will get the full payment if they earned $112,500 or less.
  • The payment amount decreases until it stops altogether for single people earning $99,000 or married people who have no children and earn $198,000.
  • A family with two children will no longer be eligible for any payments if its income surpassed $218,000.
  • You can’t get a payment if someone claims you as a dependent, even if you’re an adult.
  • In any given family and in most instances, everyone must have a valid Social Security number in order to be eligible.
  • There is an exception for members of the military.

You can find your adjusted gross income on Line 8b of your 2019 1040 federal tax return.

For taxpayers who have previously filed electronically and for whom the IRS has their direct deposit information, it is estimated that between 50 million to 70 million Americans will receive their payments as early as April 15. The Treasury will continue to issue the payments every Friday following the initial batch on April 15.

People who haven't provided their direct-deposit information to the IRS previously will likely face a longer wait, with paper checks slated to start being issued the week of May 4.

Printed checks will be issued at a rate of about 5 million per week, which means it could take up to 20 weeks to get all printed checks out. This means that some checks could be delayed until August or September.

Printed Checks will be prioritized and mailed by income level, with the lowest-income Americans receiving their checks the earliest:

  • Individual taxpayers who earn less than $10,000 would have their checks mailed on April 24,
  • Those earning $20,000 or less would have their checks in the mail the following week, May 1.
  • That would continue week by week through early September until completed.

The IRS will launch Get My Payment on April 17. The Get My Payment portal will allow people to:

  • See the status of their payment.
  • The date their check will be deposited or mailed.
  • Allow people to provide their bank account information so they can receive their payment quicker rather than wait for a paper check.

2019. If you haven't prepared a tax return yet, you can use your 2018 return. If you haven't filed that yet, you can use a 2019 Social Security statement showing your income to see what an employer reported to the IRS.

Will most people receiving Social Security retirement and disability payments each month also get a stimulus payment?

Yes.

Will eligible unemployed people get these stimulus payments?

Yes.

Will eligible veterans get these stimulus payments?

Yes.

Will U.S. citizens living abroad get a payment?

Yes, as long as they meet the income requirements and have a Social Security number.

Do College Students Get anything?

Not if they are currently being claimed as a dependent on anyone's tax return. Typically, college students are considered dependents until age 24 unless otherwise stipulated on financial aid paperwork or other documents. College students should review their FAFSA paperwork if they have questions about stimulus payment reliability.

According to the CARES Act, you will get a paper notice in the mail no later than a few weeks after your payment has been sent. That notice will contain information about where the payment ended up and in what form it was made.

If you can't locate your payment after receiving your printed payment notice, we recommend you contact the IRS using the information on the notice.

The IRS will launch Get My Payment on April 17. The Get My Payment portal will allow people to:

  • See the status of their payment.
  • The date their check will be deposited or mailed.
  • Allow people to provide their bank account information so they can receive their payment quicker instead of waiting for a paper check. NOTE: The add bank account feature will be unavailable if the Economic Impact Payment has already been scheduled for delivery.