With all of the speculation, the IRS reached out to answer two commonly asked questions about the recent Economic Stimulus.
The IRS is regularly updating the Economic Impact Payment and the Get My Payment tool frequently asked questions pages on IRS.gov as more information becomes available. Taxpayers should check the FAQs often for the latest additions; many common questions are answered in these.
More than 80 million Economic Impact Payments have already been delivered to the nation’s taxpayers. More payments are on their way. As part of this effort, the IRS has launched two tools to help taxpayers get their payments:
- Get My Payment is helping millions of taxpayers. Since its launch on April 15, millions of taxpayers have been able to input their direct deposit information to speed—and track—their payments. The IRS reminds taxpayers the information is updated once daily, usually overnight, so they only need to check the application once a day.
- The Non-Filers Enter Payment Info tool is helping millions of taxpayers successfully submit basic information to receive Economic Impact Payments quickly to their bank accounts. This tool is designed only for people who are not required to submit a tax return.
The IRS is working hard to deliver Economic Impact Payments to all eligible Americans as quickly as possible.
Quick links to the Frequently Asked Questions on IRS.gov:
- Economic Impact Payments: www.irs.gov/eipfaq
- Get My Payment tool: www.irs.gov/getmypaymentfaq