- More Economic Impact Payments set for disbursement in coming days; taxpayers should watch mail for paper checks, debit cards
- Watch the mail for paper checks, EIP Cards
- How will taxpayers receive their stimulus payment?
- Highlights of the third round of Economic Impact Payments
- Special reminder for those who don't normally file a tax return
- Stimulus Checks: Who Is Eligible and When Will You Get Them?
- SSDI disability beneficiaries also to get payments automatically
- SSI recipients and VA beneficiarieswill get automatic payments
More Economic Impact Payments set for disbursement in coming days; taxpayers should watch mail for paper checks, debit cards
IR-2021-62, March 22, 2021
WASHINGTON — The Internal Revenue Service announced today that the next batch of Economic Impact Payments will be issued to taxpayers this week, with many of these coming by paper check or prepaid debit card.
For taxpayers receiving direct deposit, this batch of payments began processing on Friday and will have an official pay date of Wednesday, March 24, with some people seeing these in their accounts earlier, potentially as provisional or pending deposits.
A large number of this latest batch of payments will also be mailed, so taxpayers who do not receive a direct deposit by March 24 should watch the mail carefully in the coming weeks for a paper check or a prepaid debit card, known as an Economic Impact Payment Card, or EIP Card.
No action is needed by most people to obtain this round of Economic Impact Payments (EIPs). People can check the Get My Payment tool on IRS.gov on to see if the their payment has been scheduled.
“The IRS continues to send the third round of stimulus payments in record time,” said IRS Commissioner Chuck Rettig. “Since this new set of payments will include more mailed payments, we urge people to carefully watch their mail for a check or debit card in the coming weeks.”
Following enactment of the American Rescue Plan Act on March 11, the IRS moved quickly to start delivering the third round of Economic Impact Payments. The IRS initiated the first batch of the $1,400 stimulus payments, mostly by direct deposit, on March 12.
Today marks the second batch of payments, with additional payments anticipated on a weekly basis going forward. The vast majority of taxpayers receiving EIPs will receive it by direct deposit.
In addition, the IRS and the Bureau of the Fiscal Service leveraged data in their systems to convert many payments to direct deposits that otherwise would have been sent as paper checks or debit cards.
This accelerated the disbursement of these payments by weeks.
Watch the mail for paper checks, EIP Cards
Taxpayers should note that the form of payment for the third EIP may be different than earlier stimulus payments.
More people are receiving direct deposits, while those receiving them in the mail may get either a paper check or an EIP Card – which may be different than how they received their previous stimulus payments.
IRS and the Treasury Department urge eligible people who have not received a direct deposit to watch their mail carefully during this period.
Paper checks will arrive by mail in a white envelope from the U.S. Department of the Treasury. For those taxpayers who received their tax refund by mail, this paper check will look similar, but will be labeled as an “Economic Impact Payment” in the memo field.
The EIP Card will also come in a white envelope prominently displaying the seal of the U.S. Department of the Treasury. The card has the Visa name on the front and the issuing bank, MetaBank, N.A. on the back. Information included with the card will explain that this is an Economic Impact Payment.
Each mailing will include instructions on how to securely activate and use the card. It is important to note that none of the EIP cards issued for any of the three rounds is reloadable; recipients will receive a separate card and will not be able to reload funds onto an existing card.
EIP Cards are safe, convenient, and secure. EIP Card recipients can make purchases online or in stores anywhere Visa Debit Cards are accepted. They can get cash from domestic in-network ATMs, transfer funds to a personal bank account, and obtain a replacement EIP Card if needed without incurring any fees.
They can also check their card balance online, through a mobile app, or by phone without incurring fees. The EIP Card provides consumer protections against fraud, loss, and other errors. The EIP Card is sponsored by the Bureau of the Fiscal Service and is issued by Treasury's financial agent, MetaBank, N.A.
The IRS does not determine who receives a prepaid debit card.
More information about these cards is available at EIPcard.com.
How will taxpayers receive their stimulus payment?
Taxpayers with direct deposit information on file with the IRS will receive the payment that way. For those without direct deposit information on file with the IRS, the IRS will use federal records of recent payments to or from the government, where available, to make the payment as a direct deposit.
This helps to expedite payment delivery. Otherwise, taxpayers will receive their payment as a check or debit card in the mail. If the direct deposit information is sent to a closed bank account, the payment will be reissued by mail to the address on file with the IRS.
The IRS encourages taxpayers to check the Get My Payment tool for additional information.
Highlights of the third round of Economic Impact Payments
In general, most eligible people will get $1,400 for themselves (those filing joint returns will get $2,800) and $1,400 for each of their qualifying dependents claimed on their tax return.
Eligible families will get a payment all of their qualifying dependents claimed on their return, including older relatives college students, adults with disabilities, parents, and grandparents.
Un the first two payments, the third stimulus payment is not restricted to children under 17.
Because these payments are automatic for most eligible people, contacting either financial institutions or the IRS on payment timing will not speed up their arrival.
The amount of an eligible individual's EIP3 will be the taxpayer's latest processed tax return from either 2020 or 2019. This includes anyone who registered online at IRS.
gov using the agency's Non-Filers tool last year or submitted a special simplified tax return to the IRS.
If the IRS has received and processed a taxpayer's 2020 return, the agency will instead calculate the amount of the individual's EIP3 that return.
If a taxpayer's payment is less than the full amount and is their 2019 return, they may qualify for a supplemental payment after they file their 2020 return. The IRS will automatically reevaluate their eligibility.
If the agency determines that they are entitled to a larger payment or the full payment, it will send them a supplemental payment covering the difference between what they originally received and the larger amount.
If the re-evaluated amount is smaller, they won't need to pay back the difference. Aside from filing a 2020 tax return, no action is needed on their part.
In addition, the IRS will automatically send EIP3 to people who didn't file a return but receive Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) or Veterans Affairs benefits. This is similar to the first and second rounds of Economic Impact Payments. Social Security and other federal beneficiaries will generally receive this third payment the same way as their regular benefits.
The IRS is working directly with the Social Security Administration, the Railroad Retirement Board, and the Veterans Administration to obtain updated 2021 information for recipients to ensure it is sending automatic payments to as many people as possible. More information about when these payments will be made will be provided on IRS.gov as soon as it becomes available.
While payments will be automatic for many people their federal benefits information, some may need to file a 2020 tax return, even if they don't usually file, to provide information the IRS needs to send payments for any qualified dependent. People in this group should file a 2020 tax return to be considered for an additional payment for their dependent as quickly as possible.
Special reminder for those who don't normally file a tax return
People who don't normally file a tax return and don't receive federal benefits may qualify for these stimulus payments. This includes those experiencing homelessness and others.
If you're eligible and didn't get a first or second Economic Impact Payment (that is, an EIP1 or EIP2) or got less than the full amounts, you may be eligible for the 2020 Recovery Rebate Credit , but you'll need to file a 2020 tax return. See the special section on IRS.
gov: Claiming the 2020 Recovery Rebate Credit if you aren't required to file a tax return.
Free tax return preparation is available for qualifying people.
The IRS reminds taxpayers that the income levels in this new round of stimulus payments have changed.
This means that some people won't be eligible for the third payment even if they received a first or second Economic Impact Payment or claimed a 2020 Recovery Rebate Credit.
Payments will begin to be reduced for individuals making $75,000 or above in Adjusted Gross Income ($150,000 for married filing jointly). The payments end at $80,000 for individuals ($160,000 for married filing jointly); people above these levels are ineligible for a payment.
More information is available in Fact Sheet 2021-05, Updated details about the third round of Economic Impact Payments.
Stimulus Checks: Who Is Eligible and When Will You Get Them?
According to the IRS, Social Security recipients and railroad retirees who weren’t required to file federal tax returns for 2018 or 2019 will receive $1,200 stimulus payments automatically information contained in their “1099” benefit statements. No additional paperwork is required, per the latest guidance from the IRS.
The IRS reversed an earlier decision and now says it will look at “1099” benefit statements (Form SSA-1099 and Form RRB-1099) to get the information it needs to send out the $1,200 payments automatically in the same manner monthly benefits are received. The vast majority of Social Security recipients receive monthly benefits by direct deposit.
“AARP fought hard to ensure these payments would go to people who rely on Social Security and aren't required to file taxes,” said Bill Sweeney, AARP's senior vice president for government affairs.
“It was just wrong to ask them to fill out extra paperwork, especially in the middle of this crisis, to get the benefits they need.
We are very thankful the IRS reversed course and agreed to work with Social Security to get these checks out automatically without extra paperwork or red tape.”
SSDI disability beneficiaries also to get payments automatically
Stimulus payments will also go out automatically to Social Security Disability Insurance (SSDI) recipients who were not required to file tax returns for 2018 or 2019. Social Security beneficiaries, SSDI beneficiaries also receive SSA-1099 benefits statements every January, which the IRS will use to send the payments.
SSI recipients and VA beneficiaries will get automatic payments
On April 15, the Social Security Administration announced that SSI recipients without dependent children will receive their stimulus payments automatically without having to file any additional forms.
The stimulus payment will be sent to these SSI recipients the same way they get their normal benefits, either through direct deposit, Direct Express debit card, or paper check.
The Treasury Department says it expects payments for SSI recipients to go out no later than early May.
The IRS also has announced that people who receive Compensation and Pensions (C&P) benefits from the Department of Veterans Affairs will receive their stimulus payments automatically even if they have not filed tax returns for 2018 or 2019. The IRS, which made the announcement on April 17, did not say when the stimulus payments would be sent to VA beneficiaries.
People who receive VA benefits, Social Security retirement, SSDI or SSI benefits, and railroad retirement benefits who also have dependent children under the age of 17 who qualify for stimulus money should complete the IRS online form for non-filers in order to get the additional $500 per child payments for these dependents. Beneficiaries in these group who do not provide this information to the IRS soon will have to wait until later to receive the payments for dependents. On April 24, the IRS announced the SSI and VA beneficiaries had until May 5 to use the non-filers web tool to provide information about their eligible child dependents. Otherwise, they will receive $1,200 automatically and, by law, the additional $500 per eligible child would be paid in association with a return filing for tax year 2020.
The IRS also said that Direct Express account holders may use the IRS’s Non-Filer tool, but they cannot receive their and their children’s payment on their Direct Express card. They may only enter non-Direct Express bank account information for direct deposit, or leave the bank information empty to receive a paper check by mail.
For everyone else who was not required to file 2018 or 2019 tax returns, and who are not Social Security recipients, SSDI recipients, VA beneficiaries, or railroad retirees, the IRS has created a free, online tool you can use to quickly register to receive your stimulus payment if you don’t typically file a tax return due to your income level. People who may fall into this category include some low-income workers.
The tool is available only on IRS.gov. You can access the registration by clicking this link or going to the IRS website and looking for “Non-filers: Enter Payment Info Here.” The tool will ask you for some basic information including your name, address, Social Security number, and dependents.
The IRS then will confirm your eligibility, calculate how much you should receive, and send a stimulus payment. If you enter your bank account information, the IRS will deposit your payment directly in your account. Otherwise, your payment will be mailed to you.
Using the tool will not result in any taxes being owed.
May 13 was the deadline for people to use the online tool to enter their bank account information in order to receive their stimulus payments via direct deposit.
Those people who did not include their banking information on either their 2018 or 2019 tax returns and also did not submit that information using the online tool before the May 13 deadline will receive their stimulus payments as paper checks in the mail rather than direct deposits.
The IRS says it will continue looking for ways to send stimulus payments automatically to people who did not file a tax return in 2018 or 2019. The agency says people in this group can either use Non-Filers: Enter Payment Info option now or wait as the IRS explores possible automatic payment options for these groups.
AARP urged the IRS to make automatic stimulus payments to SSI and VA beneficiaries without the burden of filing any additional paperwork.
The IRS started sending out stimulus payments in mid-April. You may check on the status of your stimulus payment by using this IRS website.