Check When you will get stimulus Check / Direct Deposit
The US Government started to send stimulus check / Direct Deposit this week. This payment would be based off 2019 Tax Returns, or 2018 Tax returns if you have not filed for last year.
There are over 75 million US Residents, who have setup direct deposit with IRS will receive this corona virus stimulus payment of up to $1200 for Individual.
Here we list out answers to a lot of questions you may have like – how do I find if I’m eligible for stimulus Check or Direct Deposit, How much would I receive , How to use IRS Website to file your returns and the most importantly how do I track US Govt. corona virus stimulus check .
Considering US is country of immigrants, there are a lot of questions in everyone’s mind about eligibility, criteria and future consequences. Here we list out commonly asked stimulus check questions and their and answers.
1) Who is Eligible?
U.S. residents will receive the Economic Impact Payment of $1,200 for individual or head of household filers, and $2,400 for married filing jointly if they are not a dependent of another taxpayer and have a work eligible Social Security number with adjusted gross income up to:
- $75,000 for individuals
- $112,500 for head of household filers and
- $150,000 for married couples filing joint returns
Taxpayers will receive a reduced payment if their AGI is between:
- $75,000 and $99,000 if their filing status was single or married filing separately
- 112,500 and $136,500 for head of household
- $150,000 and $198,000 if their filing status was married filing jointly
The amount of the reduced payment will be based upon the taxpayers specific adjusted gross income.
Eligible retirees and recipients of Social Security, Railroad Retirement, disability or veterans’ benefits as well as taxpayers who do not make enough money to normally have to file a tax return will receive a payment. This also includes those who have no income, as well as those whose income comes entirely from certain benefit programs, such as Supplemental Security Income benefits. Retirees who receive either Social Security retirement or Railroad Retirement benefits will also receive payments automatically.
2) Who is not Eligible?
Although some filers, such as high-income filers, will not qualify for an Economic Impact Payment, most will.
Taxpayers likely won’t qualify for an Economic Impact Payment if any of the following apply:
- Your adjusted gross income is greater than
- $99,000 if your filing status was single or married filing separately
- $136,500 for head of household
- $198,000 if your filing status was married filing jointly
- You can be claimed as a dependent on someone else’s return. For example, this would include a child, student or older dependent who can be claimed on a parent’s return.
- You do not have a valid Social Security number.
- You are a nonresident alien.
- You filed Form 1040-NR or Form 1040NR-EZ, Form 1040-PR or Form 1040-SS for 2019.
How much is worth?
Eligible individuals with adjusted gross income up to $75,000 for single filers, $112,500 for head of household filers and $150,000 for married filing jointly are eligible for the full $1,200 for individuals and $2,400 married filing jointly. In addition, they are eligible for an additional $500 per qualifying child.
For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. Single filers with income exceeding $99,000, $136,500 for head of household filers and $198,000 for joint filers with no children are not eligible and will not receive payments.
4) What action is required from my end
People who filed a tax return for 2019 or 2018
No additional action is needed by taxpayers who:have already filed their tax returns this year for 2019. The IRS will use this information to calculate the payment amount.
haven’t filed yet for 2019 but filed a 2018 federal tax return. For these taxpayers the IRS will use their information from 2018 tax filings to make the Economic Impact Payment calculations.
People who aren’t typically required to file a tax return
Social Security and Railroad Retirement recipients who are not typically required to file a tax return need to take no action. The IRS will use the information on the Form SSA-1099 and Form RRB-1099 to generate Economic Impact Payments of $1,200 to these individuals even if they did not file tax returns in 2018 or 2019. Recipients will receive these payments as a direct deposit or by paper check, just as they would normally receive their benefits. Social Security Disability Insurance (SSDI) recipients are also part of this group who don’t need to take action.
For Social Security, Railroad retirees and SSDI who have qualifying children, they can take an additional step to receive $500 per qualifying child.
There are other individuals such as low-income workers and certain veterans and individuals with disabilities who aren’t required to file a tax return, but they are still eligible for the Economic Impact Payments. Taxpayers can check the IRS.gov tool – Do I Need to File a Tax Return? – to see if they have a filing requirement.
If you don’t have to file, use the “Non-Filers: Enter Payment Info Here” application to provide simple information so you can get your payment.
5) When can I start checking Get My Payment for the status of my payment?
If you filed your 2018 or 2019 tax return and it has been processed, you can check Get My Payment for the status of your economic impact payment.
6) If I filed jointly with my spouse, does it matter whose information I use for Get My Payment?
Either spouse can use Get My Payment by providing their own information for the security questions used to verify their identity. Once verified, the same payment status will be shown for both spouses.
7) I am not required to file a tax return, can I still use Get My Payment to check my payment status?
Depending on your specific circumstances, it may not be possible for you to access Get My Payment if you usually do not file a tax return. If your identity cannot be verified when answering the required security questions, you will not be able to use Get My Payment.
8) I receive a Form SSA-1099 or RRB-1099 and file a tax return. Can I use Get My Payment to check my payment status?
Yes, you will be able to use Get My Payment to check the status of your payment after you verify your identity by answering the required security questions.
9) I receive a Form SSA-1099 or RRB-1099 and do not file a tax return because I don’t meet the income requirement to file. Can I use Get My Payment to provide my bank information to receive my EIP by direct deposit?
You will not be able to use Get My Payment to provide your bank account information because you did not file tax returns for 2018 or 2019. The IRS will use the information on the Form SSA-1099 or Form RRB-1099 to generate your payment. You will receive your payment as a direct deposit or by mail, just as you would normally receive your benefits.
10) If I have an Individual Taxpayer Identification Number (ITIN), can I use Get My Payment?
You can access Get My Payment using an ITIN, but in most cases, the law does not allow an Economic Impact Payment (EIP) for individuals who file a return using an ITIN. The only exception is when two spouses file a joint tax return and either spouse is a member of the U.S. Armed Forces at any time during the taxable year, in which case only one spouse needs to have a valid SSN.
