As part of the the larger CARES Act (Coronavirus Aid, Relief, and Economic Security Act) stimulus, the coronavirus relief checks of up to $1,200 for each individual are starting to be sent out.
I wrote how most people living in America is expected to get up to $1,200 and how to calculate the amount you’re going to receive due to the pandemic.
Not everyone will get payments at the same time though. The IRS will first send electronic deposits for those who have their bank information on file with the government and reports have come in that a lot of people have already received it this week.
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If you haven’t gotten your payment yet or if you’re wondering when and how you’re going to receive it, the IRS has created a new site to check your status:
IRS “Get My Payment” Status Link [Direct Link]
Once you go on there, they will ask a few questions to verify your identity. Immediately after verifying your information, you’ll be shown a page that shows the estimated day that you’ll get your relief check and what bank account the IRS will be sending it to.
What if the IRS can’t find my information?
If the IRS can’t find your information – don’t worry.
This site will only display the status for those who had filed their tax returns for 2018 or 2019 and requested refunds to be sent to their bank account electronically.
If you didn’t file your tax returns (or don’t need to), you’ll still eligible for the relief payment, but you need to enter your payment info here:
What if I’m on Social Security?
If you’re receiving Social Security benefits, like retirement or disability payments, then you don’t need to do anything. The IRS will send the check to your mailing address or deposit it to your bank account that is linked to your Social Security.
The Bottom Line
When the CARES Act was approved, Treasury Secretary Steven Mnuchin stated he wanted to send the money within 3 weeks. Some thought this was too aggressive and not possible, but it looks like the government met its deadline.
Is anyone having problems on their end? Anyone confused by the process?