Stimulus Checks FAQ
Who is eligible to receive a stimulus check?
Tax filers with a valid Social Security number, that are not a dependent of someone else and meet the income eligibility requirements, are able to receive payment.
Individual tax filers earning up to $75,000, heads of households earning up to $112,500, and joint tax filers earning up to $150,000, will receive full payment. The payment is reduced by 5% of the amount by which the adjusted gross income (AGI) exceeds the applicable threshold. Single filers with income over $99,000 and joint filers with no children earning above $198,000 are not eligible. Social Security recipients are eligible and are not required to file a return.
How much money will the stimulus checks be?
Taxpayers who meet the income eligibility requirements, and filed tax returns for 2019, will automatically receive an economic impact payment of up to $600 for individuals or $1,200 for married couples and up to $600 for each qualifying child.
Do I have to apply to receive my payment?
I didn’t file a tax return because I’m not required to, will I receive any money?
Yes. The IRS will use the SSA-1099 form or RRB-1099 form to generate payments for those who are not required to file a tax return and did not file a return for 2019. However, Non-Filers Tool is no longer available and if you did not use it before November 22,2020, the Recovery Rebate Credit may be claimed on line 30 of the 2020 tax return.
How will checks be received?
Most Americans do not need to take any action to receive their checks. The IRS will use 2019 tax return information to calculate the payment, and the payment will be direct deposited into the same bank account from the return. If the IRS does not have routing and account information, you will either be sent a check or a debit card in the form of an economic income payment (EIP) card.
Will my second payment be deposited on the same economic income payment card as the first?
No, the IRS will be issuing new EIP cards. However, if you received an EIP card for your first payment, you may received a check for your second payment and vice versa.
When can I expect my stimulus payment?
Payments began the week of December 28, 2020 with more payments occurring in early January 2021. Those with direct deposit information on file will receive their payments first, followed by mailed payments, such as a check or debit card. You can check the status of your payment here.
What if the IRS doesn’t have my direct deposit information?
You can visit the IRS online portal for individuals to provide their banking information to the IRS. This allows individuals to receive payments immediately as opposed to checks in the mail.
What if I have a different bank account than I had on my 2019 tax return?
If the second EIP was sent to an account that is closed or no longer active, the payment will be returned to the IRS. By law, financial institutions cannot hold and issue payments to individuals whose account is no longer active. If you don’t receive the full EIP, the IRS recommends that you file your 2020 tax return electronically and claim the Recovery Rebate Credit on your tax return to receive your payment as quickly as possible.
Will I need to know the amount of my Second EIP when calculation the Recovery Rebate Credit on my 2020 tax return?
Yes, the worksheet used to calculate the Recovery Rebate Credit will require individuals to know the amounts of the first and second payments. Only individuals who did not receive the full amount of their Economic Impact Payments will be eligible to receive the Recovery Rebate Credit on their 2020 tax return.
Do I have to pay income taxes on the amount of my payment?
What if I don't have bank account?
The IRS will mail your Payment to the address they have on file for you. This is generally the address on your most recent tax return or as updated through the United States Postal Service (USPS). Your payment will be made either by check or, in more limited situations, by a prepaid debit card. If you receive a debit card and have any questions regarding how to use the card please go to EIPcard.com for more information.
I received a stimulus payment on behalf of a deceased family member or someone else. What do I do?
A payment won’t be issued to someone who has died before January 1, 2020. If you filed a joint return in 2019 and your spouse died before January 1, 2020, you won’t receive a $600 payment for your deceased spouse, but you’ll still be issued up to $600 for you and $600 for any qualifying children, if all other eligibility criteria are met.
If you received a payment for someone else, you should return the payment immediately following instructions below.
If the payment was a paper check:
- Write "Void" in the endorsement section on the back of the check.
- Mail the voided Treasury check immediately to the appropriate IRS location listed below.
- Don't staple, bend, or paper clip the check.
- Include a note stating the reason for returning the check.
If the payment was a paper check and you have cashed it, or if the payment was a direct deposit:
- Submit a personal check, money order, etc., immediately to the appropriate IRS location listed below.
- Write on the check/money order made payable to “U.S. Treasury” and write 2021EIP, and the taxpayer identification number (social security number, or individual taxpayer identification number) of the recipient of the check.
- Include a brief explanation of the reason for returning the EIP.
Mail checks to:
Austin Internal Revenue Service
3651 S Interregional Hwy 35
Austin, TX 78741
How will I receive my EIP Card?
Your EIP Card will be mailed to you at the most recent mailing address filed with the IRS.
How will I recognize my EIP Card?
Your EIP Card will arrive in a plain envelope from “Money Network Cardholder Services”. The Visa name will appear on the front of the Card; the back of the Card has the name of the issuing bank, MetaBank, N.A. Information included with the Card will explain that the Card is your EIP Card.
What if my EIP Card is lost or stolen?
If you have misplaced your Card, you can lock your Card by logging in online at EIPCard.com to prevent unauthorized transactions or ATM withdrawals while you look for it. If your Card is permanently lost, it is important that you call Customer Service at 1.800.240.8100 (TTY: 1.800.241.9100) to report your lost or stolen Card immediately. Your Card will be deactivated to prevent anyone from using it and a new replacement Card will be ordered. Fees may apply. Please refer to the material in your Welcome Packet or see your Cardholder Agreement at EIPCard.com for more information.
What if I haven't received my stimulus payment?
At this time, if you still have not received your first economic income payment or received the incorrect amount, you can claim or reconcile the new Recovery Rebate Credit when you file your 2020 income taxes.