• Wednesday May 13 Deadline, Estimated Payment Deadline and More...

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    May 11, 2020

    Act by Wednesday for chance to get quicker Economic Impact Payment; timeline for payments continues to accelerate

     

    IR-2020-92, May 8, 2020

     

    WASHINGTON – With a variety of steps underway to speed Economic Impact Payments, the Treasury Department and the Internal Revenue Service urged people to use Get My Payment by noon Wednesday, May 13, for a chance to get a quicker delivery.

     

    The IRS, working in partnership with Treasury Department and the Bureau of Fiscal Services (BFS), continues to accelerate work to get Economic Impact Payments to even more people as soon as possible. Approximately 130 million individuals have already received payments worth more than $200 billion in the program’s first four weeks.

     

    Starting later this month, the number of paper checks being delivered to taxpayers will sharply increase. For many taxpayers, the last chance to obtain a direct deposit of their Economic Impact Payment rather than receive a paper check is coming soon. People should visit Get My Payment on IRS.gov by noon Wednesday, May 13, to check on their payment status and, when available, provide their direct deposit information.

     

    “We’re working hard to get more payments quickly to taxpayers,” said IRS Commissioner Chuck Rettig. “We want people to visit Get My Payment before the noon Wednesday deadline so they can provide their direct deposit information. Time is running out for a chance to get these payments several weeks earlier through direct deposit.”

     

    After noon Wednesday, the IRS will begin preparing millions of files to send to BFS for paper checks that will begin arriving through late May and into June. Taxpayers who use Get My Payment before that cut-off can still take advantage of entering direct deposit information.

     

    How Get My Payment works

    The Get My Payment tool provides eligible taxpayers with a projected Economic Impact Payment deposit date. The information is updated once daily, usually overnight. There is no need to check more than once a day. Taxpayers who did not choose direct deposit on their last tax return can use this tool to input bank account information to receive their payment by direct deposit, expediting receipt.

     

    Non-Filers portal remains available

    For those not required to file a federal tax return, the Non-Filers: Enter Payment Info Here tool helps them submit basic information to receive an Economic Impact Payment quickly to their bank account. Developed in partnership between the IRS and the Free File Alliance, this tool provides a free and easy option for those who don’t receive Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) and VA Compensation and Pension (C&P) benefits. The Non-filers tool is also available in Spanish.

     

    Eligible taxpayers who filed tax returns for 2019 or 2018 will receive the payments automatically. Automatic payments will also be sent to those receiving Social Security retirement, disability benefits, Railroad Retirement benefits, Veterans Affairs benefits or Supplemental Security Income soon.

     

    Watch out for scams related to Economic Impact Payments

    The IRS urges taxpayers to be on the lookout for scams related to the Economic Impact Payments. To use the new app or get information, taxpayers should visit IRS.gov. People should watch out for scams using email, phone calls or texts related to the payments. Be careful and cautious: The IRS will not send unsolicited electronic communications asking people to open attachments, visit a website or share personal or financial information.

     

    Stay informed with Economic Impact Payment FAQs; Social Media platforms

    Taxpayers should check the Frequently Asked Questions (FAQs) for more information.

     

     


    Tweets:

     

    • #IRS reminder: Deadline extended to July 15 for those who pay estimated taxes for tax year 2020. Questions? Learn more at: www.irs.gov/covidtaxdeadlines  #COVIDreliefIRS

     

    • #IRS reminds you that estimated tax payments for tax year 2020, originally due April 15 and June 15, are now due July 15. See more on this topic at www.irs.gov/covidtaxdeadlines #COVIDreliefIRS

     

     

    • Many taxpayers can use an #IRS tool--available in English and Spanish--to input bank information to get their Economic Impact Payment faster through by direct deposit https://go.usa.gov/xvGHW #COVIDreliefIRS

     

    • People facing financial difficulties may find that there's a tax impact to events such as job loss. This #IRS publication can help you find answers: www.irs.gov/pub4128

     

    • An #IRS publication offers several FAQs to help clarify the tax implications of financial issues faced by workers who have lost their jobs. See: www.irs.gov/pub4128

     

    • #COVIDReliefIRS IRS posted new FAQs to help you learn about the recent changes to IRAs and retirement plans. If you make a coronavirus-related distribution, there are now special rules. Find out more at IRS.gov. https://go.usa.gov/xv7Br

     

    • Did you know that the 10% additional tax on early distributions from eligible retirement plans does not apply to any coronavirus-related distribution? To learn more visit our Retirement & IRA FAQs:  https://go.usa.gov/xv7Br #COVIDReliefIRS