What to do if you receive a new stimulus payment


As part of the COVID-related Tax Relief Act of 2020, the federal government will begin to provide a second round of stimulus payments to eligible recipients. If you’re eligible to receive a payment, you may receive the funds in one of these ways:

Automatic deposit

If you are eligible for a payment, your payment will be deposited directly into the same account used when you filed your 2019 tax return and/or the account number used in the previous stimulus payment program. The payment will appear in your account summary as “IRS TREAS 310 XXTAXEIP2” or something similar.

The IRS has a website where you can check your payment status here. This link is likely to be frequently updated.

Paper check in the mail

If you did not give the IRS your direct deposit account information through your federal tax return in the last two years, and have not provided the IRS with your information as a non-filer, you will likely receive a US Treasury check. The check will be mailed to the address on file at the IRS from the prior year tax return.

In most cases, deposited stimulus funds are available right away, up to $2,500. Immediate availability of funds is subject to change at any time, without advance notice.

Check your ATM receipt or mobile deposit confirmation screen or email to see when you will have access to the deposited funds.

How you can help protect yourself from fraud

If you receive a suspicious email or text message, don’t respond, click on links, or open attachments. If we reach out to you by phone, we won’t ask for confidential information — such as your card PIN, access code, or online banking password. To learn more, visit our Answers to Questions about Stimulus Payments page. Learn more

 

About Kevin

Manager of Mainframe Operations and Optimization – USS-UPI, Co-Founder and Board Member - Friends of Oakley A Community Foundation, Trustee RD 2137, Advisory Board – Opportunity Junction
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